Ashton Mining of Canada Inc - In the News
Kaiser laments disastrous diamond-play calls
Ashton Mining of Canada Inc ACA
Shares issued 23,798,122
Sep 18 close $1.80
Fri 18 Sept 98
In the News
John Kaiser, writing in the Sept. 4, 1998 edition of his Bottom-Fishing Report, says his Alberta diamond play recommendations were a disaster. Mr. Kaiser says while Ashton had the "theoretical" potential to find a mine-producing kimberlite pipe, the region has not yet demonstrated the potential for such a discovery. That was in addition to a devastatingly poor junior market in general. The Alberta play is led by Ashton Mining, which has seen its price decline from $6.05 on January 2, to a close of $1.77 on Sept. 17. Ashton is not on Mr. Kaiser's list of recommended bottom fish for the current year, but he did recommend the stock at around $1 the year earlier. His 1998 bottom-fish list included Alberta diamond hunters
Blackrun Ventures (recommended at 34 cents, it had declined to 13 cents when Mr. Kaiser issued his current report), Cambridge minerals (16 cents, three cents), Everest Mines & Minerals (28 cents, seven cents), Lucero Resource (50 cents, 11 cents), Meteor Minerals (29 cents, four cents), Montello Resources (60 cents, 28 cents), Pure Gold Minerals ($1.08, 29 cents), Troymin Resources (62 cents, 38 cents).
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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