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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 fbedard29on Aug 31, 2024 10:12pm
125 Views
Post# 36204380

RE:RE:Pilgram

RE:RE:Pilgram Hi i have waited for oppinion from posters that has not happenned.
So here is my point of view.

No insiders or big boys are controlling the Abcourt price on the market.

The only thing that i can understand and might be a factor is :

Management except Mr Mestrallet and the Hinse family and the last participant at 0.04c  has no real participation in Abcourt.

Yes management have and will continue to be granted options to them at 0.05c good for 5 years.
Yes it could be an incentive to keep the share price low(for a few years) so that they could continue to to be granted options every years at a low exercise price.

So why should management that has no shares(or very few shares) work to increase the share price.
when they could continue to receive options at such a low price for years and in a few years when
profits are evident could exercise at a big profit.

For present share holders it would be preferable that management try to increase the share price but it would not be good for them.

Make your own  oppinion but for me management has no incentive to increase the share price 
at the moment.
Fernand 








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