Aston Bay Holdings Ltd V.BAY

Money To Drill . Perfect.

[Fishercat1]

Grapevine And AW Raise.

Was chatting with one of the top 20 in AW and he told me the Aussies don't mind large floats if they like what they own . And yes the free ride Bay enjoys is golden . Lets go drilling boys as yes takes money to make money . Cheers .

[TheNextBigThing]

Benefit to BAY is we have little need to raise $$ for a couple years. AW likely to spend another $10M? Before BFS is completed, so they could have further dilution before expense sharing. 

[Patrick2Linton]

AW1 will likely have over a billion shares issued by the time they get around to a BFS. Only 5 deep drill holes performed this far. How many more will be needed to prove up the deeps versus the $$$ needed. AW1 is facing huge dilution on the way to BFS. Gracias. Grinnnn. Enjoy the Free Uber to BFS.

[TheNextBigThing]

Question is, can they put together a BFS without a resource estimate for the deep stuff? I think that's David's plan, but BAY should have the benefit of 2 more drill programs fully funded by AW imo. Time will tell. 

[Fishercat1]

Who knows how many AW will end up with  . Anyway another  guess . Anyway whats real is Bay has a beauty free carry while AW does all the work .  Works for me and yup tonight more news and more money for AW to drill the heck out of Storm . Perfect.