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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

Comment by petersburggrayon Aug 28, 2021 2:02pm
232 Views
Post# 33778506

RE:RE:Rick Rule discuss Abcourt

RE:RE:Rick Rule discuss AbcourtHaving someone like you Fernand, that will defend the indefensable, is what keep this ABI blog interesting to read. Ricks moose pasture example don't apply to Abcourt because ABI portfolio of mining properties clearly have lots of gold, silver copper and zinc and is not moose pasture in any sense. ABI stagnant share price is at level that is a fraction of value shareholders of ABI would get if ABI component mining properties sold off seperately piecemeal. Reason for this discount in market is fact that ABI contolling Hinse family use ABI to support their lifestyle and are not interested in moving mining properties forward. Note, no serious instutions investor put capital at work in ABI, because serious investors, unlike you Fernand, see ABI for what it is, namely a Hinse lifestyle company. Rick point out value trap lifestyle company, descriptive of ABI, is second worse investment to make right behind a mining promotion company. Rick say good thing about a value trap lifestyle company, which l Abcourt fit bill, is that value trap does have real value so downside is limited to perhaps 25%, unlike mining promotion company where investor can lose it all. Per Rick Rule main downside of value trap, which ABI is real world example, is that investor loses time having currency tied up in company where MGMT don't want to move assets forward vs.investing in mining stock with good MGMT that want to move asset forward and make shareholders money.
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