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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 JTDOUBLEon Aug 01, 2022 1:26pm
238 Views
Post# 34864218

ABI should concentrate developing its assets..

ABI should concentrate developing its assets..
I could not see any positive in this merger except more shares issued ..

Abi needed to sell non-core assets to finance its own undeveloped assets.

Financing is the key here since the cash burn quite significant, adding more undeveloped assets does not really add to financial positions of ABI..

Like i said before ABI great assets , acquiring PRO does not add to our revenues streams but just added some undeveloped assets in porfolio..

Time will tell here , glad i move a lot of abi on GXE that pays 1 cents dividends a month with almost 10% annual dividend..Now getting 1200 dividend per month..I still have few left here gambling a bit yet if merger happens i will fold my tent here irregardless of the assets potentials ..


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