Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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

Abcourt Mines Inc

Bullboard Posts

Comment by fbedard29on Sep 04, 2020 11:29am

168 Views

Post# 31510404

RE:RE:Jambola, Monsieurminou, rpm111 profit calculation

Yes Mr Hinse did mention a share buy back or dividentes.
The only way that a share buy back would be considered is : If Mr Mestrallet wanted out.
Reason why a buy back will not happen otherwise is :
If a !0% buy back from the public it woud increase Mr Hinse and Mestrallet percentage of ownership.

and they both are at the 20% limit and the rules would change(can't remember the rule but it is intended to prevent a few high % owner from taking the company private).

Fernand

Bullboard Posts

Critical materials crisis: Diversifying away from China’s monopoly