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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Metals & Mining Gold
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

Abcourt Mines Inc
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Post by blueblackon May 31, 2022 9:08am
176 Views
Post# 34719502

Why it matters to long term shareholders....

Why it matters to long term shareholders....We were all hoping to see ABI  at 50- 75 cents ....

Now we will but with a R/S of 10:1 assuming they do it at . 5 cents.

The PP will be done probably  at 25- 30 cents. So longtime share holders will have to wait and there shares get discounted further.

Also, if they do a PP at .25 cents and issue 20 Million shares they will increase the OS to about 51 million from 31 million.

i guess they have no choice and we the longterm SH  have to wait, wait, wait....

I ceratainly hope i am wrong but it certainly looks like a RS is coming.
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