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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 PILGRIMon Oct 15, 2018 3:01am
80 Views
Post# 28799626

RE:RE:RE:RE:RE:Mestrallet and Hinse Bought Last Week

RE:RE:RE:RE:RE:Mestrallet and Hinse Bought Last WeekFirst Mestrallet bought at 0.05 and second why buying higher if you can buy that cheap.
Let's buy all what is hanging at 0.05 it will clean up weak hands.
The fundamentals remain excellent and each day Abcourt digs new galleries in Elder to open future projects without going into debt of a single cent. Sleeping Giant is expensive to develop but will end up back into production sometime.
Think about trees gentlemen.  when the light is lacking they make roots so that as soon as the conditions become favorable they can grow in an accelerated way.

In the exchanges that we read on this blog 2 conceptions of the stock market collide.
For some people it does not matter to them that a company has potential and there is nothing better than buying to sell quickly with a small profit.
So I under I know know stand  they are frustrated. 
The others, of which I am, know that operating a company is not a lottery and that the success is often long in coming but always comes if the fundamentals are good, if the debt is mastered, if the investments needed are made on time.
We can criticize the communication of Mr Hinse because it is true that it is very minimalist but we can not deny him to follow a course that has led Abcourt so far to a positive cash flow, the renewal of its resources,  the acquisition of Sleeping Giant, etc..
Then For me for sure I would be delighted when the share price will grow up but 0.05 is an excellent price to continue to accumulate stocks and I'm in no hurry to see it exploding upward because as long as it remains so low I'm doing great business at the purchase.

Bullboard Posts