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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 FranciscoXavieron Jul 20, 2018 8:31am
85 Views
Post# 28343315

RE:RE:Still questionning myself...

RE:RE:Still questionning myself...Jamesky, I think you have understood very well the essence of my message. As you mentioned, there are different hypotheses to explain the sale of a small batch of shares at the very end of the day in order to keep the price low.

I followed very closely the action of Abcourt and for several years I noticed many occurrences related to this kind of sale. The AMF, if they took the time to do the exercise in a serious way, could formally elucidate the sales scheme because they have access to the name of the person (s) who trades (privilege that we do not have).

It is as you say: either a person or a company that wants to keep the price low to buy more shares at a low price when funding, or an old competitor or enemy of Mr. Hinse who is very resentful and ready to lose money periodically or a psycho ...!

If we consider the fact that about 100,000,000 shares and more are locked in the hands of two of the most important holders, there remains less than 200,000,000 free shares in the market, and if I follow my reasoning, with an average of 15 to 20 million shares traded per year, and with the stagnant price of the stock, it shows that for about the last 7 or 8 years almost all these shares have been traded (or let's say MAINLY SOLD at the BID price) which seems quite illogical.

It's just as if everyone who bought shares of Abcourt did so in order to sell them while the speech we read on this "bullboard" is a speech of people who say they hold for a long time duration ...!

So find the error...
Bullboard Posts