RE:unsure what to think...Nosleep wrote: i know there's no assay's yet, but i think had something exciting been drilled, maybe we would have gotten some sort of info or good drill core pics prior to assays? who knows? It's certainly not trading like they hit. Good luck. I only have a block of 10k so not much to lose.
It's a tough call, the company isn't communicating one way or the other. I think it's jitters before the all improtant first drill results. It's a speculation and you really can't tell before assay results are released. You can get in legal trouble if you hype results and then there is nothing. So I'll wait until they announce.
Looking at the chart and knowing they raised money at .16, it's possible (?) that there is value at (?) .10 or .8 seeing as though they traded for years at .12 .14, etc.... Aston Bay wasn't a novel new story before the hiring of Boughton and the capital raise, so there is a chance they miss on preliminary drilling but still retain value. Realistically though, the first targets would be the highest probability targets.
To me it's all about Broughton & Ulrich - these guys are really good geologists. V.BAY is a swing for fence speculation so expect scenario (a) complete implosion; or (b) drill results that indicate a possible congo-style sediment hosted copper deposit. If it's (b) the stock will gap up as the company figures out valuation for the next capital raise.