Abcourt Mines Inc V.ABI

private placement $1.5m at 10c

[fbedard29]

I think i have done the right thing by participating in the placement,  but my son
that has also done so to the amount of many times what i have done is making me unconfortable because he has participated on my advice.
Is the price held down to make all shareholders believe  that the pp was good for all shareholders due to the share price fluctiating between 0.08 and 0.09c while the pp was at 10c .
Gold should be above $2000 in the near future and silver should do even better and zinc price is still high.
Share warrants at 15c in 3 years still seems a good deal.
Fernand

[gblons]

By year end .30 minimum so rest easy! I know  I will... GLTA

[PILGRIM]

Hi Fernand I think you were right to bring Abcourt a part of the money it needs to go on and avoid bankrupt  We all here know your admiration for Renaud Hinse and so did also I. But we all must admit Renaud has fooled the shareholders a lot giving optimistic prediction that never occured and is the only one who have made money with Abcourt. Don't misunderstand my words, I still estimate

[JTDOUBLE]

This is a PP with no end in sight for now .. Cash is being burned is a significant way .. 1.5 millions let see how long this would last?!

[tannin]

ABI added 1  million to it's unsold bullion holdings, jtdouble.....so not such a bad qtr, though below expectations. Re. our new ceo, Pascal H., he's had a couple of months...needs to get board approval I'd think on his decisions re ABI, so might be awhile before he's able to let us know the, possibly revised, gameplan. Agree with previous posters re 'more drilling' to

[PILGRIM]

Hi Tannin Thank you for your positivity. Yes I am sure a consequent drilling program in SG and also later in Elder would prove that everybody suspect a lot of ounces sleeping there for era only waiting quietly to be mined by Abcourt.

[petersburggray]

Most positive development is that Renaud cheerleading squad finally reluctantly admitting that Renaud not played 3d chess but mismanaged mining assets, blindly having hard rock miners chase some twisting high grade vein underground which result in huge dilution but hinse family getting paid nsr off top of unprofitable or marginally profitable gold production. First step in recovery is being

[JTDOUBLE]

Well said Peter ..seems only few here like to call an ace of spade as it is.. the rest a cheer leader squad , that have proven time and time again how abi has been totally mismanaged..  monetized the company only way out of this mess . 1.5 m PP they burn 2 millions last quarter .. they needed a least 25m just to develop these properties.. 

[PILGRIM]

JTDOUBLE you are absolutely right  Abcourt has been mismanaged by Hinse a bad CEO but a good fox to buy nice assets like SG.

[PILGRIM]

JTDOUBLE you are absolutely right@ Abcourt has been mismanaged by Hinse a bad CEO but a good fox to buy nice assets like SG.

[JTDOUBLE]

I think assets here should be 3X the market capitalization..  Which should bring around 75m market cap..  This would probably fetch with premium since located stable mining country.. 25-30 with premium.. 

[tannin]

to do it properly, petersbg is correct. A serious drill program leading to a mining plan....and it can't be done for a million or two. However, a small drill program at SG might make a huge difference, and if we can get a reasonable volume of that high grade flowing, we have profits to drill more. Doubt the Hinse family would consider vending ABI ....... for awhile yet....