RE:RE:RE:RE:RE:RE:Another Good NewshI Fernand
Having rose-colored glasses does not prevent me from having a clear vision and My Dear Fernand I can already tell you that there will be more dilution and if you calculate like me the need for an additional 25 million dollars a dilution of at least 30% assuming that the price is 6 cents like today.
The only solution to reduce this dilution would be for Abcourt to obtain substantial debt financing.
Given the opinion of banks towards junior mining companies and the total lack of support from public authorities I am very doubtful about Abcourt's chances of obtaining this solution.
So in summary which solution do you prefer:
- Solution 1: zero dilution and Abcourt stops developing Sleeping Giant. We will therefore have to sell the assets. We will be very happy if we get 6 cents per share. See what happened to Monarch.
- Solution 2: Dilution as much as necessary to put SG in full production, therefore approximately 1.2 billion shares: Net profits of 60 million per year, hence a company value of 600 million, hence 50 cents per Abcourt share.