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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 PILGRIMon Dec 14, 2022 10:41am
226 Views
Post# 35170781

RE:new resources increased by XXX

RE:new resources increased by XXXHi Fernand

you are right. Renaud have had a very good vision of which asstes to buy at a bargain.
Nevertheless it is to recognise he was driving operation in an old fashioned and  a short time greedy way as he was focused on the elder production from which he personnaly had a NSR.

Things are in good hands ,now and the strategy is clearly set on.

Yes I too am challenged by the fact a contribution of 15-20 millions by an outsider investor would result in the dilution by a factor of 2 of all the historic shareholders.
The best way not to be dilute at this rate is, for all of us to buy shares first to increase our relative position and second in picking up shares from weak hand thereby causing the price of the share to rise.
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