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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 fbedard29on Apr 15, 2022 9:25pm
168 Views
Post# 34607129

RE:RE:Musing and Eyes Wide Open

RE:RE:Musing and Eyes Wide OpenResponse to javaman12 post.
You must have really had a bad day before posting.
Your quotes like
Apparent failure
no apparent future
Past mistakes
Something went astray du to covid
Shareholders are paying the price for managent failures to control Covid
Elder has limitation as an ongoing concern.

All those quotes with no explanation.
Yes Elder was the first mine to open but you have to realize that it was the only option at the time
due to no funding and only after Elder being profitable and private financing could SG be bought 
and offer us a chance of success in the future.

Yes Elder will always be a concern du to low grade and transportation cost.
Realize that many other mines were closed du to lack of funding,or bad management or errors.

Sleeping Giant mine and mill and other properties were bought by Abcourt for peanuts due to
only what i consider to Mr Hinse Management and intelligence.

So please explain with facts what you consider failure, no futur,pas mistakes.

Yes if you consider the share price a failure .
But management do not only work and make decisions to raise the share price artificially.
The first reason for any managers to take actions are to make certain that the co can survive.
The second would be to be profitable.
Then and only then can the share price increase and stay higher.

As to your quote about covid , you must have access to info not available to other shareholders.
I haven't seen any news release that stated all your concerns.

Realize that management and friends and qualified investors have taken much more chances 
by participating in all PP .

Mr Hamelin was granted 2m options at 0.10c good for 5 years.
That should be a big part of his compensation and incentives to advance Abcourt projects.
Mr Hamelin is new to Abcourt and has to absorb all info and take action.
I have no idea on how long it will take to be familiar with all aspect of Abcourt.

Mr Hamelin should at least schedule a conference call or zoom meeting  and present himself to shareholders. 

Fernand



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