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Abcourt Mines Inc ABMBF


Primary Symbol: V.ABI

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 Nov 13, 2024 8:21pm
145 Views
Post# 36311611

What could Abcourt be valued at.

What could Abcourt be valued at.Yes i can  post that the no of shares emitted was 388m before octo0ber 2023.
After adding 388m shares and 363.636m more and  warrants now we have 388m + 363m + 363m warrants  for a total of 1,115.2b shares. and that after more than $16m in new issues.

What will the future be if we need another $15m at a dilution at 0.05c and warrants at 0.06c= 300m shares and  300m in warrants would equale  1115.2m  + 300 + 300 = 111520000 + 6000000= 1,7152m shares including warrants.

That makes no sense.
If Abcourt makes an offer to all warrants holders and offers to all warrants holders at an exercise price of 0.05 or 0.06c if exercised at -2c (if at 0.03 or 0.04 )would bring in $11,283,000 now instead of $17,247,000 in 3 years when Abcourt will not need funding. 
What would be the result.
It would mean $11283,000 les dilution and if the dilution is at 0.05c would mean 225m less shares and 225m les warrants.
Now i only need a mathematitian to confirm my calculations after many beers consumed. 
I think a reduction in shares warrant price of 0.02c would be good for all present share holders and
would iliminate dilution due to future warrants emited. and could confirm that Abcourt doesn't need more dilution.
The result would be an increase in share value if Abcourt could deliver and produce oz at a profit and promise to not dilute anymore.
You must have realized that beers affect me.
Fernand
Fernand.

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