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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 Malinita24on Dec 17, 2024 3:56pm
127 Views
Post# 36366898

RE:RE:RE:I was expecting something good to happen . NOT !!!

RE:RE:RE:I was expecting something good to happen . NOT !!!

Fernand, I really appreciate your balanced and thoughtful perspective. It’s true that Abcourt has had its challenges over the years—missteps, timing issues, and financial constraints have definitely played a role in its struggles. That said, I think it’s also important to focus on where the company stands today and the signs of progress that we’re seeing.

Recent insider buying: This is a very encouraging signal. Insiders don’t invest their own money unless they believe in the company’s future and its ability to turn things around.
Exploration results: The recent results show potential, and if management executes well on Sleeping Giant or Flordin, Abcourt could be in a much stronger position.
Low share price: While dilution has been an issue in the past, it’s also worth noting that the current price presents significant upside if the company delivers on its projects.

I understand the frustration, but I think this is a time to keep an eye on the fundamentals, stay patient, and watch how management progresses over the next few months. If we’re seeing real movement on Sleeping Giant or better financial planning, the share price could reflect that.

Let’s stay constructive and focused on the facts.

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