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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 jameskeon Oct 15, 2021 5:07am
193 Views
Post# 34008130

RE:CEO,CFO salary

RE:CEO,CFO salaryI mentioned this before on this bullboard - Ivan Bebek of Auryn Resources publicly stated his salary as $270k per year. In 2 years he converted Auryn into three new companies better reflecting the assets and enabling greater ease of monetization for the shareholders. This implies that in 2 years Renaud Hinse could also have converted Abcourt Mines into at least 2 different companies in the same period of time - a Silver Zinc company called Abcourt Barvue, and a gold company called Abcourt Hinse Royalty. Since this has not happened at all with plenty of time, at least a decade, to spin out Barvue or even just get it started - you know, like, acquire a new management team and get a great asset monetized for the benefit of the shareholders, one wonders what he does with his time. He managed to get Elder started 3 years late and at double the production costs. Well done Renaud, stirling work there, sir. Elder at these gold prices is only worth keeping open for the royalty payments. So, there's a bit of luck. We can all be happy for Renaud and the millions he is making for himself. Hip Hip Hooray! For he's a jolly good fellow! He can't meet targets, he can't spin out companies, but he can sign into Decochib to check those royalty payments every month.

It takes literal willful blindness to not see Renaud Hinse for what he is.
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