Abcourt Mines Inc V.ABI

Yesterdays Zoom

[fbedard29]

Hi I have attended yesterdays zoom meeting.
Here is my understanding of the meeting and resume.

I am very concerned that Mr Hamelin views is that Abcourt needs +$10- $15 m to bring Sleeping Giant to full production in 18 months and the options is to do PP or borrow or do an Nsr.
An NSR is what has destroid Elder  value.
Can Abcourt do the same mistake with SG..
The  prediction from Mr Hinse 3 years ago was that a few millions was needed to bring Sg to full production in 18 months.
What has changed.
Will we need a 50-75% dilution to meet Mr Hamelin views.

Mr Hamelin has a plan to dilute Abcourt by 18.5% by merging Pershimex with Abcourt.
No clear plan why and the reason why Abcourt shareholders had no voting right was that  it would cost  Abcourt a fee .
Why would we as a shareholders have no voting right due to the cost it would take to express our opinion but we as share holders would in the future have the voting right to express our opinion to a name change.
Makes no sense. 
Mr Hamelin view is that Abcourt will do anything to  advance Abcourt Sleeping Giant  project.

What does that mean.
Mr Hamelin said that everything is for sale.
Does that mean that all our assets are for sale at a very big discount.
Will Abcourt sell Discovery  or Flordin or Barvue to get a few thousands to get Sg into production.
I am very concerned that we as Abcourt shareholders will loose  most of our shareholders right to vote in any new proposition. 

There are many other concerns that i have realized but will not go into for now.

Fernand

[SilverNS]

Personally myself i would agree to sell Abcourt Barvue as the asset has no current value on the SP.  If they were to get 25m, the could really ramp up SG, Discovery and Courville Property.

[fbedard29]

Yes SilverNs selling Barvue for $25m might be a good deal for Abcourt but if the $25m serves to pay salaries and stock compensations and after a year there is no money left and Sg is still not in production we as shareholders will have lost 50% of our value and gained nothing. Fernand

[SilverNS]

You are correct - but selling Abcourt Barvue and giving all a small dividend and then putting all the cash back into the assets and you will have a much high SP.

[fbedard29]

Forget any dividend if money comes into Abcourt treasury it will never be distributed to shareholders. The only way we as shareholders get anything is if the selling of Barvue includes shares from the acquiring co and distributed directly to shareholders. Fernand  

[fbedard29]

There will not be a higher stock price unless the price of gold increases by $500 and when Sg is in production. Nobody now will believe that Sg can be in production at a small cost and in a short time. Mr Hamelin said it needs $10-15m to restart possibly in 18m. The 18 month was mentionned in 2018 also . Why should we believe that this time it will be different. Fernand   

[SilverNS]

Gold and Silver will increase substantially - but might take another 6 months - the whole financial system is broken and broke - all this manipulation that has taken place for ever will soon come to an end.

[tannin]

Rethink. Answer we need - best way to raise ( $10-15 mill ) to be a 'real' mining co.- it's doable, and necessary. Elder problem was low grades/long haul, not nsr

[tannin]

Previous zoom - mining 'blind' at SG-ie 'following the vein'. That's nuts. Either we use mod.tech to exploit our assets, or we sell to others who will. Pascal is right. Some dilution together with reasonable nsr/debt, and let's get moving....either we're in business or not.

[tannin]

FBedard, my friend, does not Renaud's 'few millions' to get SG into full production, suggest a continuation of the past, underfinancing/underproducing. I have the greatest respect for Renaud, and would suggest that, first, he said that 3 yrs back, that 'few million' ( 2,3, 4 ?) is likely 5,6 now, second, it was a guesstimate not an estimate, and finally, things have changed in

[fbedard29]

Hi Mr Tannin my friend as you seem to suggest. Sg Mill is a 750 per day x +- 300 day  = +- 225t per year. At 7.5 gr per ton = 56k oz maximun. Yes Sg could produce that much oz but could also produce much less at 4-5 gr per ton or even less if Sg accept milling at 2-3 gr per ton or even less if from open pit.. So the result could be anywhere between 10k oz and 56k oz per year. If we