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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
Post by caplanon Jul 15, 2014 10:45am
225 Views
Post# 22746303

Dilution

Dilution
Hello with all. I met my financial adviser yesterday and I asked him to advise me on Abcourt. It answered me that it was unable because it did not have experience of the juniors.  It also explained me that the new rules that the financial institutions had been given after 2008 made so that it was too be likely for them to invest like before in the juniors. There is thus more no expertise in the field, even in the mine field of Abitibi.
For this reason, it is normal that M.Hinse cannot borrow the sums necessary near financial institutions. The decision to finance the operations by the issue of new shares thus seems the best in the circumstances. The fault is thus allocated to the financial institutions which completely forsook the juniors.
Thing to be kept in mind, the Hinse family also diluted her own actions  and it has much of it. I thus keep always hope in this company.
Bullboard Posts