Benjamin examines the Memorandum of Understanding between Aston Bay Holdings and Lyncorp International to purchase drill equipment. Benjamin justifies the decision by explaining how we are currently at market bottom; right now, it is cheaper to buy a drill and the needed supplies than it is to rent-to-own. This helps with cost control and will allow for a more efficient drill program. Benjamin notes that he does not recommend every junior pursue a similar deal, but since Aston Bay has a director with previous drilling experience, it makes sense for the company. Lastly, Benjamin believes it is a good deal because the drills were obtained at a heavy discount and paid for with shares, allowing for less dilution than would have occurred if they were raising money through a private placement. This not only puts Aston Bay in a good position for when the market recovers, but allows for the copper junior to be turning drills next summer while other juniors can only make potentially-empty promises.
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