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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 Shermandrock1on Dec 29, 2015 6:17pm
184 Views
Post# 24418013

Mr. Mariner: A couple of predictions to cheer you

Mr. Mariner: A couple of predictions to cheer you1) When Mr. Hinse announces the extension of the milling agreement with Usine Camflo, he will declare "Commercial Production" effective for the quarter incepting 1/1/16. 2) Profits, yes profits, for the quarter ending 12/31/15 will be $1,675,000. If you check back with my October 1st (?)posting regarding expected Q1 profits, you will see that it was appx 100K too high. Even if the $1,675,000 prediction as above is too high by $200K, that is a considerable profit for a company with a $10M MC. 3) Mestrallett's purchases on 11/15 were "purpose (timing) driven" versus price sensitive. He absolutely, positively needed to acquire those shares on that date regardless of price for reasons we, the shareholders, have not yet learned. He could have easily legged into that position without making such a splash. His purchase was 46 days prior to Q/E. Is that coincident with some blackout period? Who knows? Tomorrow, the 45th day may be met with an announcement of some sort. Please be aware that I am presuming the above (making up). There are not too many reasons for his rush to buy raising the price to $0.05. I hope that the above raises your spirits some. Best to all in the New Year. Sherm
Bullboard Posts