RE:Why no share price increase on good news.
First of all, without dreams, life would be poor and almost meaningless.
We have received good news, no doubt about it, but the results of this news have not materialized yet, nor will they for quite some time.Therefore no movement in the share price.
You write that Abcourt must be close to a new financing soon. It may be correct, or it may not be correct. After all, Abcourt raised a lot of money in the spring/early summer, and I doubt that this has already been used. But on the other hand, we know that the company needs more financing. The question is where this funding will come from.
I believe that this financing could just as well come from bank loans or the like, as from dilutions. When the Bank of Canada lowers the interest rate, it is positive for Abcourt in terms of investments in the company, or financing through loans. And should the results from the test drilling be as encouraging as we hope for, it will be easier to go to the bank and say: Look what resources we have. And with the ever-increasing gold price, there will be a good argument for getting a loan approved.
Time will tell how this develops. Of course, there is no guarantee for one or the other. But so far I am impressed by the development and the work the management is doing to ensure that this company develops further. Remember that after the Elder mine shut down, the company faced demanding challenges. You could almost say that you had to build it from scratch.
Good luck to everyone interested in Abcourt!
My opinion