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Athabasca Minerals Inc ABCAF


Primary Symbol: V.AMI

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Bullboard Posts
Comment by valuedude1on Jun 01, 2013 3:15pm
74 Views
Post# 21471390

RE: RE: RE: Down more than 20%

RE: RE: RE: Down more than 20%

Fabrice as far as I know has not said to sell yet. He will probably buy more once he sees Q2 and hears the frac sand announcement. There is a lot of negativity in the stock right now which could be an opportunity. If the frac sand is approved and they start producing this thing will soar. Frac sand is very valuable. Check out HCLP on the nasdaq. They are a frac sand company operating out in the US. Fabrice also recommended this stock about a year ago and it got killed because the company lost a contract from one of their only 5 customers shortly after fabrice's recommendation. People started suing the company because they felt that the management team new about this contract loss prior to the IPO but didnt announce it. Anyway, the stock dropped from $24 to $13 but it slowly got back up to $23 where it is today because the market knows how valuable the frac sand is to the oil and gas and construction industry. 

If the frac sand gets approved and they start production you can have a real winner with ABM. I dont know if it will happend but if it does, I hope I am a shareholder. I currently dont have any shares in this but I'm watching paticiently.

Also, a lot of you speak negativily about some guy named "The Rock". Who is the fool that buys stock based on what some guy says on a stock board? If you do that you are a clown and deserve to lose all your money. Anyone know what the Rock does for a living? credentials? education? Probably not, but you buy stock based on what he posts on this website. That is the definiton of a fool lol.

 

 

Bullboard Posts