Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Mar 25, 2024 2:00pm
117 Views
Post# 35951209

RE:This company has defeated us all ...

RE:This company has defeated us all ...I may understand your bitterness Blueback.
After having supported ABI and OMH so long you are deceived with the so low share price.
This is fully understandable.

But look at some realities that have come to light recently.
1) The price of Gold is very high. Almost 3000 CAD per ounce currently.
2) The SG plant is in operation and ore is processed every day.
3) Gold will soon be poured. We will probably have to wait a few more months for the ounces produced to enable Abcourt to move into positive cash flow, but things are well underway.
4) Certainly, as we have all understood, for lack of being able to borrow at a reasonable price Abcourt prefers to finance itself today by issuing equity and we are all diluted. But would you prefer that management give up and sell off the family jewels?
I don't think so, because then we would lose everything.
So take advantage of the subscription that is offered to you and understand that if insiders always invest it is not to dilute small holders but to fuel future success, maintain your share by subscribing like Fernand, me and many others we do
<< Previous
Bullboard Posts
Next >>