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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 Puffertimeon Jul 05, 2022 3:51pm
208 Views
Post# 34803030

RE:RE:RE:Easy to manipulate the share price.

RE:RE:RE:Easy to manipulate the share price.
This one won't be the most popular post on this board, but anyway here is a different reality check.  There is no real manipulation when less than 1% of the float is traded, there is just no interest in that company.  Someone from this board and myself started to sell our shares because there was nothing positive coming in the next months.  Abi has been losing money since the end of the 2021 summer, it was pretty clear that we would be going from one financing to the other just to stay afloat.  So sellers are just people who were looking to make more money with an O&G cie paying a monthly dividend rather than waiting for a miracle.  I still hate myself for not selling all of my ABI shares in April because now, I might get some post-consolidation shares at 28 cents or less; a) Abi is probably losing money everyday, b) elder is closing, c) the plan for SG is still obscure d) the price of gold is meh and e) I don't really have an interest in the merger.  So no, there is no manipulation, just not much confidence with what is coming ahead.
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