Just Thinking Out Loud IMO, BAY this yr 2024 seen it:s break out year..
BAY, like all junior explorer:s raise funds by issuing shares to the market . Funds from PP shares allow the CEO to keep the company afloat while funds raised from Flowthrough shares stipulate spent on exploration. Both types have a 4 month hold lifted after closing of raise .
Sept 10 2024., The release of millions into the market could styfle the price seeing millions more after that date from the $ 5m raise untl end of yr ..The share price IMO could see a frenzzie at TAX time.along with traders who continue to sell into the news.
IMO. and only my view, observing the CAM @ camp site , there has been no activity at the camp site the past week which seems strange with the on going drilling. Look at post which view changes every two hours and notice the last 36 hrs with snow on ground no tracks. No crew supplies at camp doors, no quads..same all week.
PS, two observations were made on cam in last 7 days of same person with Twinn Otter in back round.
IMO,. lab activity would see last activity , cutting core, chips and tagging, bagging and then off with Otter as seen this minute on cam..
IMO,..AWM,.from a exploration view has met their requirments with Taurus in-order to receive this first stage of funding .
BAY, just sits back waiting for DSO to pay BAY shareholders their yearly dividend...
PS,. BAY, maintains 20 %. of 400,000 tns proven by yr end..
IMO,.
- The following funding will be advanced by Taurus:
- US$5m (C$6.85m) upon signing of formal documentation and financial close
- US$3.5m (C$4.80m) upon delivery of a PFS for Storm and submission of permitting documents for a development at Storm
- US$4m (C$5.48m) upon announcement of an increase in the JORC compliant resource to at least 400,000 tonnes of contained copper at a resource grade of at least 1.00% Cu
- Taurus will be granted a new 0.95% gross override royalty (GOR) from all production at Storm
- Funding under the royalty package will be allocated to American West Metals and Aston Bay Holdings in accordance with their respective interests under the unincorporated joint venture for Storm, being 80% for American West Metals and 20% for Aston Bay Holdings
- All shares acquired by the placees under the first tranche of the Offering, are subject to a hold period until September 10, 2024,
- Let The Drills Be Our Friends
- Traps7