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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Geckomeisteron Dec 07, 2012 4:43pm
368 Views
Post# 20700836

RE: RE: abcourt meeting

RE: RE: abcourt meeting

As an "old time" holder of this stock (more than 6 years), I am feeling very good, and even surprised at the comment that they don't even think they need to dilute any more. I thought that there would be about another 100 million shares created to get us over the hump and into a profitable state. So, excellent news indeed for me.

As an aside, we know that there are never any "promises". Every mining company issues a disclaimer in every single news release. So it is not right to say that promises were broken. A juniour mining comapny sets goals and if they are able to raise the capital then they proceed with their plans. 2008 really messed up the whole sector. I was not that hot on Elder originally, but it looks like Mr. Hinse will end up being proven right in his strategy.

Best wishes to all longs, and good health to Mr. Hinse. It must be a big dream for him to see the company return to operating a mine again. It looks like we are close to that.

GM

Bullboard Posts