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Bullboard - Stock Discussion Forum 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... see more

TSXV:ABI - Post Discussion

Abcourt Mines Inc > RE:The salary issue is another ..who won? You did not, truth
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Post by javaman12 on Oct 16, 2021 10:49pm

RE:The salary issue is another ..who won? You did not, truth

Theoldmariner:

       Twelve years ago, gold was trading at $1200 dollars US/ou. It continued rising to $1700 US until a correction six years later in 2015 brought it back down to $1100 US. After another four years in 2019, the price had reached a recent peak of almost $2000 US/ou. Now, after another brief correction, the gold price has retreated back to its previous highs of $1700 US.



      Consider this, an upward technical trend in the gold price still remains in place. The gold price is not going back down to $1100 US. In fact, technically it appears to be poised to make another major move upwards.

     And today, Abcourt Mining shares are not going back down to 4 or 5 cents per share.

     But in the past, Abcourt did have some cost issues related to the fluctuating price of gold. That may have also been reflected in the falling price of its shares.

     Anyone who may have bought Abcourt mining shares at 5 cents and sold them at 24 cents might choose to consider themselves a genius as a trader. But for the rest of us, with a longer term point of view, it remains only logical to follow the trend in the gold price. Hold your position! There are better days ahead!

    This is a company now engaged in a rapid pace of growth. The goal of management is a much higher price than its 2020 high of 24 cents. Investors drove the price higher based upon the potential of an actively producing Sleeping Giant mine.

    But, management and its investment relations department misled the investment community about the company's shorter term prospects. They encouraged investors to buy based upon the prospect for commercial mining during this Summer of 2021. This never happened.

   The investor relations department took down its zoom meeting posted on Utube where much of this misinformation was garnered and shared for public perusal.

   What an embarrassment it must have been for Mr. Hinse to have been proven, so very wrong! He honesty, didn't seem to know! What a major gaffe for a mining engineer and the CEO of a mining company to make!

    Only the truth fosters good investor relationships. The price investors paid for this mistake were significant losses for many.

    It's never good to jump to conclusions and to convey possible faulty information to the public. Certainly, this was not an intentional lie but a poor case of judgement fostering misinformation.

   There have been recent unanticipated setbacks that have hampered the pace of Abcourt's growth strategy. Perhaps, management could have better addressed some of these issues at an earlier time.

   But for a longer term investor, this only has given us, even more opportunity, to take advantage of some of the lowest entry costs in the mining sector.

   From a current fundamental analysis perspective , many might suggest that this company is really not, all that cheap, given the current low earnings/share price performance. But like many involved in the investment community, I choose to take a more forward looking perspective.

  With the Sleeping Giant mine soon about to add a very significant amount of gold ounces to the company's production, how can anyone seriously question this company's future prospects?

  It took years to consolidate the Elder mine as an on going concern. The gold price was not always the company's friend.

  Now that the Elder mine is firmly established, management has opened up a second mine. It is poised for immediate production!

  As well, Abcourt Mines  may be now engaged in a more favorable analysis of the Barvue property as a third actively producing mine. All base metals are about to rise in a most significant way!

                                 I don't believe that this is misinformation! Am I wrong?

                                           This is a company poised for growth!

        The technical indicators remain most positive, longer term, in the commodity sector.

    Good investor relationships do matter and should be strengthened, and not impaired in any way!

                                                            All the best! Java
Comment by Theoldmariner on Oct 17, 2021 6:37am
Good Morniing Folks, I am overwhelmed, by the last poster's contribution. smile. Truth and trust...... If one actually read all the historical filings on Sedar......one could conclude.... a simple summation......Oh wait till next year and ....you can fill in any of the the blanks..... Trust ...do you trust OMH..?. Truth....does he even closely achieve time lines suggested in annual ...more  
Comment by Theoldmariner on Oct 17, 2021 6:41am
correction...does he convey.....not ..does you convey...smile old age and eye sight typing...smile.
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