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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 PILGRIMon Jan 23, 2025 7:18am
39 Views
Post# 36416562

RE:RE:RE:Why are shares for sale at less than 10c

RE:RE:RE:Why are shares for sale at less than 10c
in addition, despite this somewhat bleak picture that I describe, I think that with an ounce of Gold approaching CAD 4,000, the possibilities of financing by loan are increasing day by day.
Certainly, interest rates will probably be very high and no doubt one or two more dilutions will be necessary, but it seems that the share price wants to increase and this should be possible, I hope, under conditions of less dilution than the previous ones.
 
I read a post on the potential dilution of the exercise of warrants.
Certainly, but since we have warrants, the ideal would be for their owners to exercise them once and for all.
This must already represent a good amount of millions that could go into Abcourt's coffers and fill a significant part of the CAPEX
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