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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 jmm1228on Oct 18, 2016 6:31am
155 Views
Post# 25354579

RE:RE:RE:RE:Promotion of a stock and stock price

RE:RE:RE:RE:Promotion of a stock and stock priceAll I know is that the insiders continue to provide the necessary capital and they have expectatins based on info not available to us. We'll find out soon if Mon. Hinse has established production of 35/40,000 oz. /year and cash flow strong enought to bring Barvue online.

The singsong aboout dilution is way overblown. Most diluters have poor B/S's and negative cash flows. The best of companies do seconday offerings and have significant debt in place. 

ABI is not floundering IMO.

The insiders expect stock price appreciation too and I'll bet Mon. Hinse is getting an earfull from them.

Many investors on a tightrope read the dilution stuff here and bail. This story is a good one but the author isn't telling it well.

Amen.


Bullboard Posts