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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

Comment by Goldy63on Aug 11, 2022 3:48pm
49 Views
Post# 34889435

RE:Comments - Alot of Rookie Investors

RE:Comments - Alot of Rookie Investors
schocor wrote: Todays observation is that there are alot of new/rookie investors on this website. The hint was that they are talkin about stock "manipulation". Two questions always arise - for me - when I see people talking about stock manipulation on a 6M market cap company (6m in TINY). 

1> Why manipulate? On a good day, this stock trades $10k in value. Simply put, the volume/value does not exist to make it worthwhile to manipaulate a stock price by buying and selling on a daily basis. 

2> Who is manipulating? Which magical force is manipulating this stock by .005 of a cent? How many shares are these "dark" forces buying and selling daily to keep it in this imaginary range in peoples minds. 

The stock price is not giong to the level  people "expect" becasue people have terrible expectations about the ultimate value of this stock. 2% of a remote deposit with no infrastructure is worth....what? Wel it is probably worth $0 at the end of the day. Or maybe it is worth 2% of the $10M the partner is spending on it ($200,000) plus cash in bank ($600k). Regardless, everyone will come up with their own value. 

For many nubies, your estimated value is likely higher than the market cap of $6M. To these nubies, I woudl ask them how much experience they have valuing junior mining companies like this. ONce you get their answer, I think yuo will find that the current valuation is not too far off the mark. 

The current value of this company is probably low. I can see this going to $.09 on good drill results. It will fall back over the newless winter. This is a neat deposit; its location makes it a fringe exploration prospect.

This stock will never hit $1; it will never hit $.50; I woudl be shocked to see it at $.25 ($50m market cap). Proper expectations are the name of the game when investing in jr mining companies. 
Yes we all know your only here few a few cents Pop as you got very upset and posted already . Thanks for the book and I've been around the block and not ever day the grey exchanges or Dark Pools suck all the buys and bring down sp. Gl with your trades schoroc and yes vol may be slow now and IMO why the manipulation Before Assays . Lots of angles . Cheers .
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