RE:Results this week ?? The annual financials should be out by the end of October. The MD&A should follow shortly afterwards.
Hopefully, the MD&A will give us more positive information about progress at the Sleeping Giant mine. Winter is coming and most of the accomodation and other inducement issues for workers should have been dealt with by now!
We would also like to see some updates about the progress towards reaching the mineralization and the grades that these veins may contain.
The promise was made that this information would be shared when it does become available.
As well, it does appear that the Trudeau government has finally decided that Canadian workers also need some financial inducement to get back to work. Handing out free money to them, now needs to end!
The lack of desire to work, when it is again available, now needs to have some serious repercussions for the lazy.
I do hope that management has also finally realized the importance of posting the company's essential financial information on Sedar in the English language. The company should want to be taken seriously by any wealthy investment group or individuals outside of the Province of Quebec.
The PR department should also understand by now, the need to disseminate information in this much better manner.
Happy trails to Dany and Normand Hinse in their future stock promotion efforts.
Renaud Hinse now needs to stay much closer to home! He needs to focus all his remaining energy on his immediate tasks at hand.
This not only includes the need to properly run two active mining operations and perhaps the consideration of a third, but he must also soon find his replacement, as the company CEO, now that he is rapidly aging and near the end, of his most useful and best productive years.
He has a lot to do!
From the patient Abcourt investor's point of view, the next financial report had better be at least as good as the last!
The annual vote is coming shortly. Hopefully, this year it will not be again, much ado about nothing!
From my perpective, if no significant progress has been made, then this year, I may choose to vote against them on my proxy.
We should know soon. I do hope that they will give us better news!
It does appear, based on the recent share price, that the Abcourt investment community expects, little better, for some considerable amount of time. That is a shame for a company that has demonstrated so much more potential in the recent past.
I do hope management proves us wrong!
Since their last SG update, over a month has past. With better accomodation now available, the company may have acquired the extra needed workers. But have they?
And what better mining progress have they achieved since then?
They claim to have done the necessary drilling to reveal what every Abcourt investor, very badly, wants to see! Where are the results?
Does this management team, still have the resolve, to make this company a real success?
Does everyone involved, management and miners together, still have the backbone, to get this job, done as well as it needs to be?
A real team effort is needed!
Or do some of the players, now need to be replaced?
Many potential SG miners have been offered fine financial inducements to relocate.
The same inducements have been offered to the Elder miners. Yet, in the last report, only the Elder mine was fully manned.
But the SG mine has been wanting for a larger workforce. So many of the experienced miners at Elder could significantly help the company's operations at the Sleeping Giant mine.
Could not some of these Elder miners make a committment of at least a part of their yearly working hours to the SG mine?
Is it time to thin out some the ranks? Perhaps, many who may have chosen, not to relocate at all, will soon need to go? They could always flip burgers at the local, fast food joint. They are always a popular local food item.
If more workers actually do soon come knocking on the door at Elder, based upon its better location to a worker's immediate home, perhaps the need for any extra financial inducement at Elder could gradually slip away? Why pay more that necessary?
The knowledge that the miners at Elder might soon be subject to a cut in wages, could be an even better incentive, to encourage some to move. Those used to the extra cash might like to keep it.
The SG mine would need to offer much more pay than any of the Elder miners would be able to get. But that would merely be a transfer of unneccessary wage payout inducements from those at Elder to those more willing to relocate. It would cost the company little extra money, if any extra cash at all.
The Sleeping Giant mine needs to find the workers for the company to become more successful. Abcourt Mines needs to grow! And afterall, even miners do like to get a raise!
From a shareholders point of view, it's a fair question to ask!
As working miners, they value their earnings. But shareholders also have an investment here too!
Soon, many of the government Covid handouts will be coming to an end. There will again be real competition for well paying jobs.
Single people will need to work. But those with families will also need gainful and well paying employment, even more!
This is something to ponder. Perhaps, as painful it may appear to be for some, management might also consider this extra inducement to work?
In any business, layoffs do happen. And sometimes wages do get cut!
This is a business after all!
Unlike the recent Trudeau government's excessive financial largesse, handed out to Canadians on mass, Abcourt Mines is not a charity, run only for the benefit of some of their workers.
During Covid, Abcourt miners have been well compensated by the company. They have been treated well with due consideration for their safety in the workplace.
Perhaps now, it is past time, for them to give a little bit back?
Deadwood has no place in any efficiently managed company!
If anyone's contribution is less than their best, then maybe, now is the best time, for them to go!
Sometimes the working class needs to bend a little.
Even a tree knows how to do that, when the wind blows hard.
All the best! Java