Abcourt Mines Inc V.ABI

Response to some of Javaman12 quotes.

[fbedard29]

Hi Javaman12
Why spend money on new drilling at SG that Abcourt doesn't have (would have to dilute again when not necessary). Specially when the share price is so low.
Like you mention there is already 5 years of full production already proven. at SG.

When Mr Hinse started Elder mine Abcourt didn't own the Sleeping Giant mine and mill and Elder was profitable until the last 2 quarters.
Yes maybe some money could have been spent to prove that there was or wasn't gold in the last level that mineral was extracted.
But would it have been better.(spend money on drilling  and find no gold or extract the mineral and recuperate little gold).
Sometime in life a decision has to be taken ,continue to process when the gold price is low , another decision that Mr Hinse made was to acquire the SG mine,mill, and all other properties that come with the acquisition.  
And it was under Mr Hinse that the work done to restart SG was started.
When Mr Hinse acquired the 2% NSR on Elder  Abcourt was in  sleepng mode and probably needed the fund just to pay the annual permits to survive. 

Sleeping Giant  also has a 2% NSR that was given for $2m and Mr Hinse wasn't the one that sold that NSR.
So please don't blame Mr Hinse for every bad things that happens in life.

Let's get a small production out of SG as fast as possible and then spend the profits to improve the miners life (if that means lodging then OK) . But please no more dilution unless it is to restart SG, not even to prove more resources until we have the money to do so.
Fernand.

[javaman12]

Fernand I understand that you may have become personal friends with Mr. Hinse, over the many years that you have accumulated so many shares. It is clear that you may have had the utmost respect for the man. That's OK with me! I didn't hate the guy as much as others on this forum at that time. But I understood their position very well! I can't deny that his moves to acquire the Elder

[fbedard29]

Hi Javaman12 and thanks for not blasting me on my post. I have no new information to supply. I am still waitting for a response on my  last  post trying to qualify for the PP financing. like most shareholders that would like to participate.  If after being involved in most of the PP in the past i cannot qualify in this new PP i would be very frustrateded and should all shareholders

[PILGRIM]

Fernand what is stopping you from qualifying for this PP?

[fbedard29]

Hi The reason that i thought i couln't qualify was that my net worth wasn't above $1m anymore.  At the beginning In the past, i checked the boxe that i was a close friend of one of the directors(Mr Hinse). But now i couldn't  check that box anymore. and with the share price today so low the $1m boxe was also impossible to check.. None off the other boxes applied to me. I got

[fbedard29]

the convention subscription is 65 pages and almost impossible to comprehend by an old man like me. Fernand

[tannin]

By any of us, Fernand..................much of it 'boiler plate', standard clauses in all such offerings.