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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
Post by jmm1228on Nov 28, 2018 8:17pm
93 Views
Post# 29036956

Perceptions/Opinions....

Perceptions/Opinions.........things are getting frantic here - feeding time at the zoo. Some accurate and much not. Fact is the BV is 30 million which in mining does not mean all that much. In this case it is real with no debt. Operating financials easy to assess, assets not so easy but solid and valuable way beyond what is on the Balance Sheet.

If sold for less than 100 million ABI is a steal, IMO. 

Many issues are a drag on  market cap. Hostile leader, almost the sole  investor interface who shows little respect for shareholders outisde the inner circle and this leader has a curious royalty deal. Did purchase years ago and likely is sound legally. But it has a bad odor.

On balance this is quite a good story with lots of potential.

Lots of issues on the reasons for ABI's lack of market interest. Those charged with investing other people's money have no reason to risk their stature by buying this for their clients. This is the area from which the money to move ABI's price must come.

Probably only tthree solutions if ABI stock is to rise. Respected industry executives arrive, having clear authority and the respect of the financial community. Executives broaden he 

Metal prices rise.

A takeover.

It is hard to imagine that improving margins from improved mine yields will be the spark because of the shadow Mon. Hinse casts over ABI. Might be some benefit but likely subdued.

I expect something will be done about this formidable barrier and continue to hold and occasionally add to my position. 

All my opinion for what it is worth.



Bullboard Posts