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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 Patrick2Lintonon Mar 24, 2023 12:00pm
44 Views
Post# 35358749

RE:RE:RE:RE:RE:RE:Only question remains is

RE:RE:RE:RE:RE:RE:Only question remains is
Patrick2Linton wrote:

Patrick2Linton wrote: So while you are searching for belly button lint, the question is still valid as a financing hasnt been announced. Last filing it was reported there is only $34,498.00 in cash in the bank. Do you think that amount of money is healthy for a publicly traded company and that the CEO is having to float loans to the company at 15% interest paid quarterly? He's owed $670,000 as of last filing.  Gracias. Tik tok. Grinnnn. Cheers mate.

ps nice try in burying the seal zinc 43-101 report. It contains no copper reference in the resource calculation.

 

Me too.


Here's what BAY the company thinks as well. Straight out of the company's last MD&A:

The Company currently has a working capital deficit and incurs significant expenses on an on-going basis by virtue of being a public company, and this represents a significant risk factor. The Company will therefore require additional financing to carry on its business, and such financing may not be available when it is needed.

Gracias.
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