Abcourt Mines Inc ABMBF

Value of gold in the ground per share.

[fbedard29]

Hi The share price should and could be calculated in part by adding the number of oz of gold
in the ground devided by the number of shares and warrants .
A  good co (or management )will increase the number of ounces in the ground faster than the no of shares.

Just for understanding purpose If Abcourt had +- 300m shares a year ago and now has 695m shares and +-  395m wt     for a total 695m shares + 395m wt = 1,09B shares that would almost mean the no of shares and wt is 4 time more than than a year ago.

Now for the number of oz in the ground  ,  has it increased by 4 just to keep the value of gold in the ground equal to what it was in the past for old share holders.

So if the no of oz in the ground has not multiplied by 4   175k x 4 = 700k oz in the ground we are loosing value .

I would estimate that we have lost at least 50% of the value of gold in the ground per share.

Maybe i drink too much or this is the only time for me to continue to evaluate the value of our shares .

Fernand

[Theoldmariner]

Dear Fernand, You frequently make more sense than many posters and always more than the past and present management.! Unfortunately, I would suggest this company is worth less than even your imagination. They will continue to beat the old shareholders until the end, in my opinion. In fact it is all so very sad... New dilution at .06 cents cdn ..is... will never be... and is not wonderful.. .

[fbedard29]

Yes you are right on your post and comments. No new management or directors should dilute  % shares  more than the amount of gold % increased in the ground. I am seriously  thinking on reducing my % of share ownership because of the present management  diluting to the point of old share holders owning  less of 10%. Yes Mr Hamelin will look like a good president to new

[fbedard29]

i have paid more than $375 ca to get a new subscription to a new newsletter that is exactly  saying that a mining co has to add more % of  gold reserves than the % share dilution. Who will be right in the future. My guest is that adding more gold is better than dilution. Fernand

[Lotten]

It would be interesting if you could tell us something more fbedard29. Sounds like an interesting article. Who is behind this newsletter? Thank You

[fbedard29]

Correction to my posts. I was too fast in calculation without  verifying. Here are more fact that should be closer to the truth. The no of shares outstanding before the acquisition or merger with Pershimex in nov 2022 was +- 348m shares. for a MCAP of $14m After Pershimex merge the no of shares was 428m for a MCAP of $17m. Now after many PP the no of shares = 714 m and 286 m warrants