RE:RE:RE:RE:One Hour and Counting!Hi John
Very good meeting and it helps me understand more about the time frame and direction that Abcourt (Mr Hinse) is taking.
I realized more now that we are going in the right direction but at a very slow pace.
That will not please everybody.
There could be more pp financing in the near future.
The progress at Elder and Sg are great but at slow speed.
The drilling to add resources at Elder and Sg will add value to ABI.
The succession plan is not great because Mr Hinse is only looking for a general manager to replace him as a manager to control Elder and SG.
No mention of a search of a real leader to plan ABI future project and aquisitions and no mention that the board could have that person.
I am ok with no dividents in the near future . The money will be better spent and add more value to ABI by drilling and adding resources.
As for Flordin and Discovery the deal would really have to be good to let go of 50% of those property to compensate the extraordinary potential to add resources.
The Elder NSR buyback was not answered except that they are not for sale.
Is there a clause in the contract to buyback a portion like most Nsr i have read in the past in other co..
Still believe that we have an extraordinary potential to add to our wealth in the next few years but if things change more it could accelerate the rise of the share price.
Fernand .
My understanding of Mr Hinse responses is: