RE:What are we waiting for?Hi Malinita
Considering the rally in gold recently it is logical that certain assets linked to Gold have increased.
The assets concerned are those which are in full production because their revenues have increased considerably and on the other hand the companies which are still at the exploratory stage because they are only evaluated on their very long term potential and allow investors to benefit from the advantage of the Flow Through system with a tax return which reimburses practically all their investment.
Abcourt is not part of either of these two categories since it does not yet generate income and is no longer considered an explorer.
So don't expect the price to rise before it releases significant funding and/or significant news.
On the other hand, Abcourt has major advantages:
- Functional surface and underground installations whose value represents practically 10 times its market cap.
- A profitable production launch objective which is measured in months and not in years.
Although it is listed on the stock exchange, it must therefore be considered as a private equity with a valuation potential incommensurate with that of mature companies but which still requires significant financial support to achieve its objectives, which requires regular equity contributions. and patience on the part of its shareholders
As historical shareholders we can complain about the regular increase in the number of shares in circulation but it is the necessary evil to see our patience and our investment rewarded in the long run.