Aston Bay Holdings Ltd V.BAY

Aw1

[shotgun1]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02775041-6A1194728

[schocor]

They are raising money at $.105 per share?!? Thats is not a very good price for AW1; especially given all last years "success" at storm. Although $10m should fund the exploratoin this year, this isnt the overwhelming equity raise I was expencting. A summer of puddle stomping at Storm is now a go. Months to go before drill results are released. Hopefully they can do some geo and mag work

[TheNextBigThing]

What did you expect then to raise oh wise one? 

[schocor]

$10m is the number of money I expected them to raise - the # of shares issued was just more than I expected/thought they needed to. I felt that with all the exploration last year they could command a price higher than before last exploration season; not so and thats likely becasue tghey have not yet demonstrated the deep drill success or modelling. As a result there was quite alot of dilution on

[TheMinesEye]

We have you repeatedly expressing skepticism about the deep drill modelling and we have Thomas Ullrich buying on the open market like there's no tomorrow.  I'm taking my cue from the latter! I have another order in place for more shares of BAY.

[schocor]

Sure - yuo do you. You mentioned "tomorrow" which made me think about the news flow over the next few months. Lke I said, you do you.  P.S - Glad you like my posts so much yuo have remembered them - there is alot of good info in there if people take their blinders (overly optomistic tendancies) off. 

[TheMinesEye]

There are about a half dozen people who post here regularly. It's not difficult to retain who's who. Besides, I've watched some really bad movies and heard some really bad songs over the years. I remember those too. So not sure what your point is. 

[schocor]

One guy quotes my posts, the other quotes my posts from ANOTHER board. So much love for my observations its overwhelming. I am blushing guys.  If you are long at this level (.11) at this time, you will have down days before the drilling starts. But it is not unrealistic that at some point in 2024 you could be sitting on a profit.  Will you hold, or will you sell is the queston. 

[Fishercat1]

Does the same thing on the other board Mines Eye. Wanted 3.5 cent shares and claimed no news till June. Wrong on both . Also posted owns no shares just yesterday but here he is posting fud. Oh puddles of Copper was his claim as well . Well 3 for 3 wrong . Ah well thats Puddles for yah . Long Bay.