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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 javaman12on May 09, 2020 1:24am
236 Views
Post# 31006261

RE:Where is the Q1?

RE:Where is the Q1?   Do you mean the 2020 Q3?

   Abcourt Mine's 2020 Q2 results have already been released on March 11 for the 3 months ending December 31, 2019. They are a lagging indicator.

    https://abcourt.com/wp-content/uploads/2020/03/PR11032020.pdf

    Investors need to look forward at least 6 months. This penny stock is still a speculative purchase. That is why Abcourt Mines is priced so low. This company has great potential. But it must be proved! Mining properties have no significant value if they can't be profitably mined.

    Revenue and/or profit must grow for the share value to greatly appreciate. That's what turns a speculation into an investor's dream, come true!

    Do your own due dilligence. Try to understand what you are buying.

   The Q3 results for the 3 months ending March 31 should come out around the end of June. The Q4 for the 3 months ending June 31 should then be released around the end of September.

    A company's financials don't always begin at the start of a calendar year.

    And the quarterly report lags the company's actual production numbers by at least 3 months. The company's accountant needs some time to finish the work.

    As everyone is fully aware, Abcourt has been locked down for a few weeks during the pandemic crisis. No active mining occurred during this time.

    That temporary mine closure should negatively impact some future earnings.

    But keep this in mind. Every Quebec mining company shared that same boat.

   Still, try to look forward positively to the future. No crystal ball should be needed. Just your head.

                                                              All the best! Java

  
Bullboard Posts