I would just like to clarify a few of the issues you mentioned in your post. Obviously you never looked at the link in my post 19/03/2015 (10.54). If you did you would see that BOA has numerous other targets throughout their lease. They have not done EM over most of their prospective ground because some of it is not readily accessible due to thick vegetation (see announcement 29/10/2013).
I agree that WIN has far greater acreage than BOA but 95% of WIN’s ground is rubbish that Sirius wasn’t interested in so Mr Creasy flicked it off to Windward. Naturally enough the Creasy factor has been heavily promoted by all of the pushers and urgers over on the WIN blog.
BOA will not announce some acquisition or other project before drilling - that is not their style. I would expect that in time they will inform the market of the results of the recently completed gravity survey and then they will methodically proceed to planning some drilling.
Only my opinion but the recent “conductor ramp” and subsequent fund raising by WIN is really “on the nose”. Of course if investors cannot smell anything they can proceed at their own risk. For now we don’t know how much they are raising but based on the way they spend money, it won’t last long anyway. Of course if no good results come out, the next round of fund raising will be very difficult and we all know what happens after that.
I think we all agree that there is some risk with both BOA and WIN but for my money, I am going to stick with the conservative party.
BOA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
