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Bullboard - Stock Discussion Forum Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining... see more

TSXV:ABI - Post Discussion

Abcourt Mines Inc > A posting mistake from my part
View:
Post by fbedard29 on Jul 29, 2022 1:18pm

A posting mistake from my part

Hi all posters and sorry for my big mistake in a previous post .
I do not remember where i got the conversion ratio of Pro to ABI shares.
I posted a ratio of 0.67 and after reviewing the news i now realize that the conversion ratio is 0.5714

Here is what i posted  in error
Hi mariner13.
My formula for comparing ABI and PRO share price is:

PRO             divided by 0.67  = ABI share price conversion

0.25c           divided by 0.67  =  0.0373 (like buying ABI at 0.0373c
0.03                ;;                      =  0.0447
0.035              ;;                      =  0.0523
0.04                ;;                      =  0.0597
0.045              ;;                      =  0.0746


and after reviewing the calculation to reflect convertion  ratio to 0.57 
here is what  the new numbers look like

Hi mariner13.
My formula for comparing ABI and PRO share price is:

PRO             divided by 0.57  = ABI share price conversion

0.25c           divided by 0.57   =  0.0438 (like buying ABI at 0.0438c
0.03                ;;                      =  0.052
0.035              ;;                      =  0.061
0.04                ;;                      =  0.07
0.045              ;;                      =  0.0789

Really sorry for the error .
Hard to understand why no viewers realized the error or why they haven't corrected me.

Fernand
Comment by tannin on Jul 30, 2022 1:49am
and fbedard, your .25's in last post are, obviously, .025. All good...I wasn't buying PRO so didn't check,sorry. Still no date for vote...think we need second part of our pp first. Have a great long weekend all.
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