Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 jmm1228on Nov 04, 2017 10:28am
127 Views
Post# 26905642

Sylvain

SylvainThe last month of the 6/30 ending Quarter ABI earned $1 million - the first two months the loss was $2 million. Essentially around breakeven. 

1st Quarter results due at the end of the month - could be .01/share but don't hold your breath.

With Sleeping Giant slow to come onstream the market is nervous and given Mon. Hinse's dilutive tactics of the past there is sure to be some worry out there that he'll have to dilute to get the mine producing. 

Since he never addresses obvious serious concerns both existing and potential shareholders have, the stock always trades very warily. 

Why his Directors allow him to cripple the market image like this is very concerning,

ABI has a bad reputation for missing deadlines, dilution and poor communication. Until this is rectified I expect the share price to remain in the doldrums but worth holding because under better leadership it could be a real gem.


Bullboard Posts