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Abcourt Mines Inc ABMBF


Primary Symbol: V.ABI

Metals & Mining Gold
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

Abcourt Mines Inc > Price
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Comment by Lottenon Aug 26, 2024 7:56am
123 Views
Post# 36195721

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Price

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Price
Please allow me to respond to this post as well as ask a few more questions.

I find it unlikely that the company will be sold in the next few years. Mestrallet and Mokaddem have recently invested relatively large sums in the company. Probably because they see great potential in the development of the company in the coming years. And then they would sell again after a short time? Why?

So why this speculation that the company will be acquired? I can't find any plausible explanation for that will happen. And if anyone had been interested I think they would have put in a bid for the company now that Abcourt is priced so low, and we know management is looking for investors.

Of course, one cannot rule out an acquisition of the company at some point in the future, but I think that is possibly a few years in the future.


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