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Bullboard - Stock Discussion Forum 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... see more

TSXV:ABI - Post Discussion

Abcourt Mines Inc > Ouf...1,299,000 shares for sale at 0,05$
View:
Post by Benji 2000 on Dec 02, 2024 9:41am

Ouf...1,299,000 shares for sale at 0,05$

Oups! What's happen with ABI ? Who want to sale that big chunk at that price ?? and why ??
Comment by Lotten on Dec 03, 2024 4:21am
1,299,000 is approximately 0.18% of the shares in Abcourt per today's date. So a very small proportion. The reasons why someone chooses to sell can be so many. Everything from tax-loss selling, better investment opportunities, tired of waiting for Abcourt to make a move, etc. No use thinking about it too much. And I'm pretty sure that when Abcourt decides to move these shares will be gone ...more  
Comment by PILGRIM on Dec 06, 2024 9:57am
Hi Lotten  your post clearly summarizes what is currently happening for Abcourt. I agree with you that we will not see any significant progression in the price until we are established in the beginning of production and/or Abcourt has managed to raise the 20 million it needs to implement its game plan until it obtains a production generating a positive cash flow. That said, SG's ...more  
Comment by Lotten on Dec 06, 2024 4:38pm
I agree with what you write Pilgrim, and believe that this stock will pay off in the future. Patience often brings the biggest rewards. Have a nice weekend!
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