Post by
Theoldmariner on Apr 19, 2022 6:09am
looking back thru a rear view mirror...and seeing the truth?
Good Morning Folks.
What is real this morning? I would suggest we all miss the boat on this company as it stands this morning. It would require a very large capital investment to bring forward what should have been done and accomplished many years ago. The decade of missed opportunities are gone and cannot be repeated. The years of cheap capital, good labor, consistent market environment to develop small mining enterprises with small resources are not coming back in our life time. ( the old folk here, like me smile!) I would suggest that no small investor will persue/ /invest in this company as it is documented historically for excellent reasons and logic.
It was pubic company ruled by a " one man gang" for His pleasure. in my opinion. He did well and that is the truth...as documented.
What does this really say to the existing stock holders? There is one future and that is M&A....A larger company with financial resources buys this company for ABI's potential and known deposits to enhance their existing "working operations" in the area.
What do other really think? Clearly the world is evolving at daily changes which makes the existing operation a night mare of truth we all wish not to see. Another 1.5 million in new financing is not going to accomplish what this company needs and what mislead opportunities of the past can bring back, in my opinion.
I could be wrong, but i think what i have shared is the truth and we need to see reality immediately....
The caveat, to this is the new potential of the skilled miners which will soon be entering the local labor pool. It will take capital which this company does not have this morning to hire?
Again what do other really understand as the best way forward...I think put a for SALE sign.... at a fair price on this company and hope ....again HOPE they see what we all know had hope for....
Comment by
brownbear2 on Apr 19, 2022 10:57am
5 of 7 Directors, plus the new CEO, don't receive one penny of royalty. Believe they will want to monetize dozen assets.
Comment by
Theoldmariner on Apr 19, 2022 1:51pm
I would hope they sell the whole company...and not cherry-pick ..for short-term smaller gain? Do you agree? Mr. Brownbear?
Comment by
brownbear2 on Apr 19, 2022 7:57pm
I am not sure. With a dozen properties they have optionality. Still think of this as Abcourt Gold and Abcourt Silver/Zinc.