Abcourt Mines Inc V.ABI

Abcourt Announces the Restart of the Sleeping Giant Mill

[Betteryear2]

ROUYN-NORANDA, Quebec, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) is pleased to announce it restarted to process gold on February 13th at its 100% owned Sleeping Giant mill. The mill operated at 20 tonnes per hour during this first week. Yesterday, the mill began to operate at its nominal rate of 32 tonnes per hour with the addition of the second ball mill. Abcourt plans to process between 600 and 800 tonnes per week initially, and gradually increase the weekly tonnage. The Company plans to complete the processing of the 5,000 tonnes bulk sample from the Pershing-Manitou deposit near the end of March.

Abcourt Announces the Restart of the Sleeping Giant Mill (globenewswire.com)

[Martyboss]

The news was good but share price did nothing, Maybe ABI should look ar a share buy back, like maybe bring the number of outstanding shares  down to a decent number like maybe 75 or 100 million  In my opinion 1/2 billion outstanding shares is an immediate deterant to buy for a new investor.  

[Benji 2000]

Market cap will be the same : 32M$

[fbedard29]

Hi Martyboss No Abcourt has no funding to do a share buyback now . Maybe in the futur when Abcourt has millions in the bank and the share price is still at 0.0 6C . Abcourt has to prove that it can produce au at a profit first. And also when  the shareholders have faith in management to deliver what is promised. I have great faith that management will deliver. It just seems that productions

[PILGRIM]

Yes Fernand  let's go and see if the next gold flow that we were promised for the end of March will take place on time.

[PILGRIM]

Hi Martyboss First Step : There is nothing to wait from the shareprice before some gold will be produced. Second Step: Update in ressources from underground drilling Third Step : Monthly Ore's production from SG Mine Fourth Step: Positive Cash Flow