AGM meeting Hi I was waiting for other attendees at meeting to post but none have done so .
My recall and resume and understanding of AGM.
Annual report and results have been effected by accounting changes forced by new rules.
The decrease in profit is due to the devaluation of broken mineralization underground of $1.4m Changes in decrease profit due to modification in mining assets.
There are many lenders interested in funding Abcourt projects but Abcourt needs to choose
the one that will be good for Abcourt shareholders.
Mr Dany Cenac-Robert of ProMarket Inc had many meeting with Institutions, future shareholders and many more to come.
Dany has personnaly invested in Abcourt and will continue to do so.( good to see that he has realized the value of Abcourt and his future reward won't come from his marketing revenu but from his personal investment as a Shareholder).
Dany mentions that we need to have a Mcap of more than $50m to attract attention from institutional investors. (My view is that only the share price can help attain that).
I would love to see Dany as a board member in the next year. This would really put more drive and youth in co. How can that be done . Do we need to have 10% of owners to suggest.
As for individual mine :
Elder : a $2m was voted for new drilling in the past.
Someone mentionned on stockhouse that he wanted more detail on new discovery
on level 9
My previous understanding was 1.03m by 39m was nothing but when i had a private
conversation with Mr Hinse 1.03 x 39 was the with and height(!) 20% slope . Hope is that new
vein found on level 9 will continue to level 8 and 10 and maybe add +- 10,000 t .
Sleeping Giant: a $1.6m was voted for new drilling in the past.
High probality to increase Oz by a big amount.
Preliminary Work has already started and will take 9 months before production starts(july
2020). After production could start with a low volume until funding can be found.
Discovery ,Flordin : in contact with a major co to fund and drill and if a favorable result obtained
will negociate with us for compensation and agreement.
Abcourt Barvue: Will only be looked at after Elder and SG are in production.
If 2 years before Sg is in production , need 2 more years to start Barvue if funding is available.
I know most of the info was already available before tha AGM.
Have a good day
Fernand