Abcourt Mines Inc V.ABI

NSR paid out so far… $3,366,327

[Geckomeister]

From July 1, 2013, to June 30, 2021, $3,366,327 has been paid by Abcourt in royalties (apparently all Elder Mine NSR) to Decochib, Renaud Hinse's private company. 

[brownbear2]

That is a lot of money.

[Geckomeister]

At the rate the NSR is being "paid out", if that is the right term, it will be a total of about $4 million by next June.  Absolutely amazing that not all shareholders are outraged, considering the ambiguity surrounding when, how, and how much Renaud Hines snapped up the Elder NSR for himself, and not for Abcourt, while having a fiduciary duty to act in Abcourt's best interest.

[JTDOUBLE]

Until the transparency and trust on its retails players is restored here it will not create any wealth for us shareholders..  Insiders can not dump their big holdings otherwise the SP will just craters .. it needed the support of the retails investors ..  The family needed to heel on call of retails investors that management needed to change ..  I myself waiting for these to

[petersburggray]

Imo $3.4mm skimmed from ABI on NSR over last decade is probably about 2,700 ounces of gold at $1,300 oz. gold. You cant buy physical gold at spot so this skimmed gold, is worth over $5.4mm USD in todays inflated dollars. What is important for shareholders to consider is what investments in the ABI business could have been made if that skimmed gold had been instead put to work in ABI mines vs

[fbedard29]

Hi petersburggray. Happy to respond to your post that everything would have been much different if there was no NSR paid to Mr Hinse. First of all you should understand that if the NSR had not been paid to Mr Hinse it would have been paid to Canuc co instead(owner before 2001). The final result would have been the same to Abcourt bottom line(like i mentionned many times in the past). If Mr Hinse

[petersburggray]

Fernand i am not a psychiatrist but your sympathy and identification with your abuser, the hinse, appear classic symptoms of stockholm syndrome. You with your large concentrated long position in ABI that your family have held for many years, has been harmed more than longs like me who have only had funds tied up and missed better investing opportunities for a few years. In spite of the

[bazbuz]

  What a great observation and so very true petersburggray...                                                                                               

[latj200600]

I agree totally

[latj200600]

Un voleur in french, english, spanish .........