Aston Bay Holdings Ltd V.BAY

RE:RE:Comments - Alot of Rookie Investors

[Goldy63]

martindale wrote:

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. 

 
just to chime in here, you have some valid observations, though this stock has already reached .29, re..mar 26 2018, yes a while ago and yes the float has expanded, my view as a long time investor in several stocks ( since 1992) is to always look for assets/reserves, at some point someone comes to scoop them up, rarely ever fails. At the moment we are getting a reserve proven up.  From the little DND I have done I must admit that the numbers look good, grades are almost off the charts on several holes. Secondly the location is of bearing but as they state they anticipate being able to do at least 2 shipments a year. How many tons will they be shipping in those 2 loads? At as per Trap7 50 lb per ton at $3.50? A lb, so $175 a ton in copper,...if it is  250 k ? Per shipment.....be $43.75 m per shipment  minus costs. Even half that is pretty decent prospects but, it will depend on continuing grades and interest in the stock. So far they have some great prospects heck Bluejay mining is now combing Greenland for "rare earths" can't get more remote than that either. A large enough resource attracts money. GLTA Invested

Agreed . If its worth the costs via profits thats all that matters . Economics 101 . 14 mores holes coming . 6 in the bank . Big metres and grades of the charts . Bring on some assays . TGIF.