Abcourt Mines Inc V.ABI

Phone talk with Mr Hamelin

[fbedard29]

Hi folks.
After sending a E-mail msg to Mr Hamelin he called me and we had a good talk.
The e-mail that i sent did not reach Mr R Hinse (his e-mail id was no longer valid.)
At the time of PP managements personnel or administrators were not aware of the idea of closing Elder.
Mr Hamelin stated that Elder at 4 gr per ton with narrow veins could not be profitable with all the transport fees involved.

Money and time and personnel will be directed to Sleeping Giant .
He is convinced that SG with higher grade and more drilling to understand the topology will lead
to a very profitable mine.
His last words were that we should be pleasantly surprised with Abcourt performance in a year.

My feeling is that Mr Hamelin will do what is necessary to advance SG and other assets.

So i will give Mr Hamelin all my support and you should all do the same and hope for the best.
I really think that Mr Hamelin is not involved with Abcourt to make friends (has probably lost a few with the closing of Elder) but to make Abcourt a succesfull and profitable mining co.

all the best.

Fernand

[fbedard29]

I didn't ask for a revision of the price of the PP but i still hope that it is considered. Mr Hamelin mentionned that 75% of the financing was done with insiders(management and directors). I think all persons involved with the PP should now get a better deal. How can we get management involved with buying shares if the emission price is 30-40% higher than the actual share price and the

[tannin]

Otoh, would read as vote of confidence if pp successful at original price Fernand......maybe lower warrant excercise price & extend term ? Many thanks for prev post on conversation with Mr. Hamelin......he's the right person for the job imo, was delighted when he was chosen.....and he is moving quickly, hurrah... suggests full support of BoD......ABI is going to look different in a years

[petersburggray]

Thank you Fernand for sharing with us the substance of your conversation with the new CEO. Going from memory Sleeping Giant has a resource of something like 80,000tons grading 8+gpt gold which I believe in small part is scattered throughout different mine levels in various remnant stopes with most of tonnage concentrated in deepest part of mine. Also previous operator had even driven the shaft