Tag Archives: abot news

Dec 23 2011

ABOT Mining – Here Comes The Pump…..

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The “Grand Finale” is here for the Multi Million Dollar Pump of Abot Mining, Co. (OTC: ABOT.PK)…..

They released last night that ABOT, with its mining and joint venture partner Rising Star, that it was given notice by the Mexican Government that the mineral property adjacent to and contiguous with the Aztlan 8B Project has been allocated to ABOT Mining/Rising Star joint venture.

Keyword: allocated

The subject property shall be released once the final documentation is completed after the current holiday season when Government offices re-open.

Defenition: after the current holiday season; Once you have bought it on the pump today before they dump it.

Now, this morning, ABOT releases news that its first production plan for beginning of 2012. The total ore allocated to ABOT Mining is estimated to be up to 9 million tons.

Keyword: plan

“Beginning of 2012 shall be a watershed moment for ABOT Mining as we will commence full production that will make us a cash flow positive company. Proceeds from operations shall be fully invested to increase the production rate from this allocated tonnage and will concurrently allow us to develop other properties in our portfolio,” said Morris Rafi , President of ABOT Mining.

I used to play a “Rafi” CD for my daughter when she was a toddler in the 90’s…..I can’t seem to take any other “Rafi” serious after hearing the “apples and bananas” song 5,000 times.

The Pump ends Today – get ready for the Dump……….
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Happy Holidays!!