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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

Post by fbedard29on Oct 02, 2024 7:56pm
163 Views
Post# 36250884

Was hoping for middle point from Mr Hinse and Mr Hamelin.

Was hoping for middle point from Mr Hinse and Mr Hamelin. I know that Mr Hinse was more of a gambler than Mr Hamelin.
But Mr Hinse produced gold at a profit for many years(and bought SG with the profit)  until he missed the gold vein(at Elder) in the last months of his last year as president.
Mr Hamelin is very more coutious and will not take any risk.
The result is that with Mr Hamelin  ,Abcourt has been diluted by more than 50-70%.(250m to 650m shares, just a guest).

And the share price is still at a very low price and will continue to stay low until Mr Hamelin
tell every share holders that he is finished with financing and diluting at a rediculous price. 
Maybe it is comming.
I know Oldmariner , i am just dreaming again.
Fernand


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