Aston Bay Holdings Ltd V.BAY

Royalty sale on Storm

[traps7]

re-call here the recent sale by CMD on their Storm claims. (  The company had agreed to sell a portfolio of its royalty interests to TMRF Canada Inc., a subsidiary of Taurus Mining Royalty Fund LP, for total consideration of $4.1-million (U.S.) in cash (approximately $5.6-million). schocor  !!!

PS. cmd shares like Bay shares have a low 3yr mda which in BAYs case here with the knowen hidden value the market does not care. 

PS,.Take out offer seen here for CMD, because of their 3yr MDA causes alot of headaches as you read here, 

PS, Offer for CMD,..

PS,. SCHOCOR,  any thoghts here, 

Let The Drills Be Our Friends

without prejudice 

Traps7

[traps7]

  Commander suitor FruchtExpress says vote by Sept. 6   2024-07-11 19:25 ET - Shareholders Letter   Mr. Felix Grabher of FruchtExpress reports FRUCHTEXPRESS GRABHER OUTLINES BENEFITS OF PREMIUM OFFER IN LETTER TO SHAREHOLDERS, RAISES CONCERNS ABOUT COMMANDER RESOURCES' LACK OF EXPLORATION ACTIVITY, ENTRENCHMENT STRATEGY AND REGULATORY COMPLIANCE CONCERNS INVOLVING

[schocor]

I am heavily involved in this one as I own a good % of htis company (4-5%).  Management is inept, lazy and sold all the royalties. We are now in tyhe process is removing them from amanagement. The uptake bid by FEX will likely fail: they own 20% of the shares but are not allowed to participate in their own tender offer. ALso, its a terribly complicatd tendering process.  We will - I

[traps7]

IMO Schocor, I am familiar with CMD 2012 royalty and agree their $ 5m looks attractive... IMO,..I due not like the offer in terms of using here (  The offer represents a 64-per-cent premium to the closing price of Commander shares, or a 53-per-cent premium to the 20-day volume-weighted average price, prior to FruchtExpress Grabher's takeover proposal announcement. )  PS

[schocor]

LOL COmmander is an good example of how excess bullish  and bad managamnt ends. But by all means, keep talking about dividends for ASton Bay....lol. 

[comet52]

Dividends for BAY?  Huh?   Sorry I'm not reading Traps cuz his stuff breaks the Google translate engine. ;p The future of BAY is either taken over or dead money.  JMO.

[TheNextBigThing]

Sounds like expected outcome  for almost every junior.