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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: Daytek77 who wrote (23)2/4/2002 1:48:29 PM
From: Al Collard   of 1590
 
ACA-t...in the news:

Kaiser says Ashton market ahead of itself

Mon 4 Feb 2002

John Kaiser, writing in a Jan. 31 Kaiser Express, says Ashton Mining of
Canada at $4.10 is overpriced, considering the market has assigned its
Quebec diamond play an implied project value of $467-million. Mr. Kaiser
recommended Ashton in December, 1999, at 53 cents; he also made four
earlier buy tips ranging from $1.15 in April, 1996, to 50 cents in October,
1999. The letter writer advises that bottom fishers showing profits of
between 300 and 500 per cent should "consider reducing their exposure
somewhat and recycling the proceeds in diamond juniors with lower implied
project values." Mr. Kaiser also cautions that the Quebec diamond play
cannot achieve a best-case speculation climax until early 2003, by which
time bulk sample grades and possibly values should be ready if all goes
well this year. The California-based stock picker is also upbeat and
optimistic, saying he is inclined to ride Ashton higher on the theory that
if it and Majescor do not end up higher, none of the Quebec area play
juniors will go anywhere. He says that during a recent visit to Vancouver,
at a retail conference and a geological conference, participants exuded an
optimism not seen for several years.
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