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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 traps7on Nov 01, 2024 9:59am
79 Views
Post# 36292129

RE:Better places to invest than Bay

RE:Better places to invest than Bay

IMO,  the junior exploration market in Canada, is run by the Government . 

The flowthrough shares issued by the Junior in-oder to raise Capital to drill their project allow the investor to write off 100 % of their investment. This Tax break in reality after deductions lowers the investors cost and again if the FL shares are deposit in RRSP then the Investor again sees a tax deduction because of contribution so the shares have near a zero cost base.

PS,.Flippers will sell FL shares into the news , this is how you make money in the junior market and not by buying shares and going long..

PS,. knowing the junior market is a cassino,  based on the Canadian Tax system, my-self believing BAY has a copper mine, continue to buy @ this time of year.

THE Shares acquired by the placees under the final tranche of the Offering are subject to a hold period until October 21, 2024, in accordance with applicable Canadian securities legislation.

3,900,000 flow through shares (each an “FT Share”) at a price of $0.15 per FT Share, .

PS,.No Warrants over the years have been exercised which proves that the Junior market is run as a FL tax write off where the Cassino over seen by IIROC has no rules..

Let The Drills Be Our Friends 

Traps7

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