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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

Post by Chefboy69on Nov 26, 2022 3:20pm
180 Views
Post# 35130954

For Goldy63

For Goldy63
TSXV/CSE/OTC
 
They exist mainly for new companies to receive start-up capital. Money needed to run operations for the company to exist. 90% of the companies listed, DO NOT MAKE ANY MONEY.
THE ONLY SOURCE OF INCOME IS FROM SALE OF STOCK ( financing deals, private placements and so on) 
For the most part they will continue this cycle without ever being profitable. A sort of rinse and repeat
And for the unknowing and new investor they buy these companies and end up losing money. 
In very few instances( in my years only once) has a company uplisted off these exchanges and made me real money and continues today
 
This has been the modus operandi for the venture exchange and over the counter stocks for the last 100 years and will continue
No one talks about it and the media( BNN) promote these companies knowing exactly what they are doing, 
 
There are also a group of “boiler room” traders( day traders) that scalp the shares of these companies, creating pump and dumps and fast moving exciting stories. 
The new money is not aware and buys these stocks thinking they will profit and as they buy the traders are selling the shares to them. The retail new money ends up “”holding a bag”. Or Losing their own hard earned money


what do you think so far???
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