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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 Theoldmarineron Jun 14, 2023 3:27pm
199 Views
Post# 35496633

I think maybe....

I think maybe....Good afternoon, Pilgrim
You have always been a good man/poster.
First and foremost the stock price dropped due to 50,000,000 more diluting shares on top of the post merger 429,000,000 more or less shares, in my opinion. I could be wrong? I will be somewhat shocked when the merger shares hit the market the price even hold here?

This new 3 million CDN pesos will just be dust in the wind in months...then? And just what 3 million really buys this afternoon in the mining world equipment housing for workers, skilled larbor?
Pilgrim the entire market is one complex ponzi which is about to change. I would suggest if it is not a producing asset, right now ..forget about, period
.
Inflation will continue....interest rates will rise. Today's pause is just a controlled paused. Real rates will become reality, rising, due to lack of liquidity in the bond market. When government cannot borrow in the market, it will inflate more until it cannot, that is soon.

In summary, someday this stock could be worth 40 cents. Unfortunately 40 cents will be worthless. I am certain you realize that everything has changed...when even i once considered this company viable. my opinion. It too will continue to dilute, rename company, and consolidate ....unless they strike a bonanza on ones its properties. Good luck.

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