Abcourt Mines Inc V.ABI

1 million left in cash!!

[JTDOUBLE]

last report 2.4 millions in cash now 1 million left..

This is burning like incenerators..

No need to applaud here how they run this company.

With the current cash on hand forget expansions..

The need for immediate PP almost necessary to keep the operations going..

[Flopticalcube]

The cash was used for mine enhancements AFAIK. Operationally, the company should be self-sustaining at the current gold price.

[Finally19]

Did you read that part  Gold inventory of $l,960,197 in 2021, compared to $994,624 at December 31, 2020, an increase of 97%. ??? Unsold gold = cash  

[JTDOUBLE]

if you go back oct 29 2021 report .. Cash 2.4 millions .. gold inventory is 2.5 millions .. go back to last report ..

[Theoldmariner]

Very unfortunate.....circumstances. So many questions with so few clear answers. To reiterate, I hope the new CEO's first mandate is to open the company's to the small shreholders with clearity, trust and truth.  These new revealations only indicate... more ....why no one buys.....when there are many companies that are soaring today.

[JTDOUBLE]

Old mariner it sad how this gem not to live it's full potential!!  Production went down yet burn almost 2 millions in cash! AISC 2692 too high .. I thought Hinse too cheap just does quite ironic to see this high level Aisc or could be high labour across the board that they needed to offer a base mot to get pirated by other players ..   There no money to be made at this high