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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 jameskeon Jan 05, 2024 6:41pm
161 Views
Post# 35813327

RE:Thanks to all posters.

RE:Thanks to all posters.I think the new management has done a pretty damn good job when it comes to how Abcourt is run. Promotion is on another planet compared to the past. The vision for the company and how it will progress is much improved. They should be buying shares on the open market - ban options for the management staff until they own a minimum number of shares -say 5 to 10 million shares, then they can engage in options and speculation. And given the market does not necessarily reward improvement in how small companies are run by improvement or even reasonable share valuations, include the concept of the dividend in their thinking for profit sharing with the shareholder. The potential for getting shareholders to keep their shares is higher, the valuation could improve as fewer will be available on the market, and investors looking for regular income will be more interested. Also a company does not need to last forever. It needs to fulfill its obligations to the shareholders until its assets are spent. Finally, do something about Barvue. Spin in out, give even 75% of it away to a company that will provide start up capital. Better 25% of a running Barvue than 100% of something that does not even register any value. Tap up the Chinese. Maybe they would be interested.
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