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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

Post by petersburggrayon Dec 04, 2021 2:21pm
273 Views
Post# 34198675

If Hinse brood

If Hinse broodis interted in making some real intergenerational wealth off their 20% abi equity stake all hinse brood would all get out of Dodge, giving up their salaries and benefits, and bring in some experts to run abi and sell off abi assets for big dollars in gold bull market. I am not a canadien tax expert but here in usa long term gains on stock investment has much lower tax rate than earned income...not implying hinse brood actually earn anything from abi just saying the unjustified compensation hinse brook pocket via nepotism is taxed at higher rate than if hinse brood sat on beach in bahamas smoking weed and getting drunk doing nothing and let professional run abi and then hinse brood simply sold off apprecisted abi stock that would result from hinse brood being out of picture. Example sierra metals. Sierra metals had one guy owning 52% of common and running company. 52% owner got out of dodge and handed over management of company to a Benevides. This particular Benevides just got Northern Star to invest over $100mm in his windfall mine in quebec. Imo if all hinse brood would get out of Dodge and focus on smoking weed rather than running a mining company and hand over all abi day to day opns to mining professionals then hinse brood equity in Abi appreciate 10x to 20x overnight, just because no hinse involved, and hinse brood would have more money with less work than hinse brood do now.
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