RE: "...I sold about 2/3 of my ABI shares..." Wally. I had understood that the Sleeping Giant mine will re-open in another nine months. (AGM Meeting: Fernand)
https://stockhouse.com/companies/bullboard?symbol=v.abi&postid=30425941 And it strikes me as odd that you would sell the majority of your holdings at the worst time of the year (during tax loss season...you held your million shares in your RRSP and TFSA accounts?)
Most longer term investors in Abcourt Mines didn't buy their shares based upon the profit potential of the Elder mine. They bought because of the much higher grades of the Sleeping Giant mine. These grades are already known to exist. And with future drilling, these valuable resources, will be greatly expanded.
Even the Elder mine is now known to contain very high grade gold. This was a totally unexpected discovery! And future drilling, may well discover more of the same.
I understand that you purchased your shares at 5 cents each. Congratulations on your marginal profit. Your gains reflect the profit in the last Abcourt earnings release. Perhaps that is all you figure the company will ever be worth?
On the other hand if you continue to hold the 1/3 balance of your shares for the duration, you may still stand to make some significant gains. But not as much as you might have. But that is what you chose to do.
Santa Clause does work in mysterious ways. In this case, everyone's a winner. The seller has made some profit. And in the last quarter, the company made a similar, very modest gain.
By September or sooner, the Sleeping Giant mine will reopen for business. Profit is the reason. The company's financial gains will soon become substantially more. This month, the buyers got the better deal!
When Santa makes everyone a winner
It's truly a season to celebrate!
Merry Chistmas! Java