RE:RE:RE:RE:RE:RE:RE:RE:Abcourt: The best kept secret aroundIf anything of value to Shareholders is announced by end of march my guest would be one or more of the 3 options below.
1- A divident of 5% would cost $1.25m if all paid in cash or probably $500,000 if an option to reinvest in shares.
This would have the effect of good promotion (would be in the newspapers as one of the only
small mines paying divident).
2- Divide Abcourt in two separate entity.
1- Two profitable gold mines ( Elder and Sleeping Giant) with all the surrounding properties.
Would not need any new delution in the forseable future and would have the funding to advance other properties
2- Abcourt Barvue with Jopol and Vendome (zinc silver ).
This new co would have the option of getting a new partner to help finance the opening of the open pit mine with the funding that the partner would have to supply.
This would prevent the dilution to the gold mines co.
3- Start dewathering the Barvue open pit mine(will probably take a year to drain but would let investors know that we are serious in putting Barvue in production in the near future.
This option will involve financing ( if done with PP, that will dilute shareholders) .
If an option to borrow was feasable that would be the best option of all scenario.
Ps: this was just a dream that i had after drinking too many beers last night..
Fernand