feedback from AGM meeting Abcourt AGM resume and discussion
Please don't shoot the messenger. I have put all my meager knowlage and time and many beers in play to publish a resume of the AGM of Abcourt, and my personnel estimate of what i think is important to follow.. A lot of what was discussed in the meeting (was mentioned) could be considered insider info and not to be revealed to the public so i will stick to the facts ( as i understood , i could have misintrepeted).
Facts
Abcourt had 2 quarters of positive cash flow ending june 2016.
Elder close to full production.
Sleeping Giant mill in operation since 15 august 2016 (this effects the quarter ending in september).Sleeping Giant mine needs a lot of work and money to advance to production.
Abcourt Barvue
Money has to be spent to prepare for production.
Over one billion gallons of wather has to be pumped and processed to prepare for production.We all know how long it took to dewather Elder) The estimate is between 1 or 2 years after permits are obtained.
The material for mill at Abcourt Barvue is 80% acquired and a lot of work has to be done to get ready for production.
Many shareholders have expressed their frustation by the lack of promotion (this should make TheoldMariner very happy). Mr Hinse has expressed his willingness to add promotion.
My next post will be from my observation and personnal discussion with shareholders.
Fernand