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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 tanninon Apr 09, 2023 3:25am
137 Views
Post# 35385647

RE:sorry for being so negative but

RE:sorry for being so negative butAgree, Hamelin has little on the line compared to Hinse's and Mestrallet (?)...However Fernand, once Hinse Sr. retired, we obviously were going to have a ceo with less skin in the game. Yet, we needed  a new ceo, and a renewed game, because, as you pointed out, Hinse Sr.'s plan's did not work out, and he left us in a bit of a mess, with lots of potential but...in a bit of a mess.
I hope we also have a 'for sale' sign on the door, because most of us would be fine with some solid paper in a larger company that can take advantage of the assets we have..........
Can we raise funds required ? And, on what basis ? And, is there a buyer for 100% ? And, if so, for what price ( in good corporate paper ) ?
SG looks to be a super good asset.........and a permitted mill and tailings pond ........ we would seem to be in an enviable position..........but no sale is possible without the Hinses' agreement, and I'd guess Hinse Sr will not accept that as a choice....which is a shame.....we really should be open to all possibilities........this is a business not a Hinse hobby.
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