Post by
javaman12 on Jun 30, 2022 9:22pm
We Have A Real Lack Of Credible Information. Why?
All we have received from management are some vague notions about the synergies that might result by combining two companies in the mining sector.
The recent presentation on the Pershimex Facebook page revealed nothing new that we didn't know already. We may have seen two buddies, slapping each other on the back, before heading out for a beer!
I couldn't believe what I was seeing! Why, was there revealed, nothing new at all?
As well, there was no timeline given as to the possible re-opening of the Sleeping Giant Mine. The past CEO was unable to bring the necessary numbers of workers to the SG minesite. And there is no evidence that the new management will be any more successful.
Promote it and the workers will come. Maybe or maybe not. We just don't know.
What is the 7 to 1, share price roll back, supposed to accomplish for investors?
If more capital can be raised with more dilution, is it the intent of a near term private placement by Abcourt Mines, to fund the commercialization of the Barvue mine or provide some interim funding to help keep the Sleeping Giant mine moving, rapidly ahead?
A legitimate revenue stream, must be established!
Or is it really the intention of a new management team to focus its near term efforts, primarily on exploration? Who will really, now buy into, just another, vague, exploration theme?
Is this why most of the company's current shareholders bought into this company in the first place?
Many market makers seem to be expecting a recession. That would not be, good news, for the price of gold!
Personally, I'm not expecting a recession. I still, need a job!
More information should be provided and soon. Is this company going to be a good investment or is it not? Has it become, as its price suggests, now virtually worthless?
The current share price seems to suggest, that this very unsubstantiated fact, might be true!
What's the plan? Are these properties, even worth investigating? Why must we guess?
What may they hope to find there, one day into the future? Some, very uncertain paths, seem very remote and lonely. Who really, wants to, go down there?
Without credible information, a roll back in the share price will result, only in further, downward selling pressure.
If still interested, after a roll back, why would any investor, buy any more shares, before a new bottom, again fell into place?
A share price roll back needs to be accompanied by the announcement of an immediate private placement that gives a legitimate purpose for any such transaction. It now, needs to be perceived by the market, as a potential money maker for Abcourt Mines that will provide a decent rate of capital return and in a fairly short, order of time.
For Abcourt Mines, in its present financial state, such an announcement had, better be good!
Do these managers really have any idea where they are headed?
If our company folds, a different corporate entity, much better funded, could easily snap up the company's present assets, and then, properly develop them.
Is it any wonder that some shareholders have lost some confidence?
Scratching my head, what is Abcourt management, really thinking?
These players have been in this game for a very long time. Have they not?
They are smart! Are they not?
The share price is falling like a rock!
Is it really too early to ask some legitmate questions and receive some equally, very insightful answers?
Hold the beers! C'mon guys, let us know!
Pat yourselves on the back when you have earned your kudos!
So far you haven't!
Losing some inspiration.
But still hoping for the best, some day soon!
Good news, could really help!
What's taking so long?
If kept better informed, some disenchanted shareholders, might choose, not to sell?
There are poor ways to promote a company.
Abcourt Mines, needs to find, a better way forward!
Start again, leave the past behind!
All the best! Java