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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge
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To: Daytek77 who wrote (23)4/10/2002 5:35:01 PM
From: Al Collard   of 1590
 
ACA-t...in the news:

Kaiser says Ashton delivers results, almost on command

John Kaiser, writing in an April 10 Kaiser Tracker, says that an April 9
Express in which he had worried about the need for more kimberlites in the
Otish Mountains region of Quebec was overtaken only a few hours later when
Ashton Mining of Canada (then $2.79) released news that it had discovered
three additional kimberlitic bodies before wrapping up the winter drilling
program. 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. This brings the total kimberlites found on the
Foxtrot project to six, of which four remain to be tested for
microdiamonds. The Renard 3-6 kimberlites all occur within a kilometre of
Renard 2, which itself was one kilometre from Renard 1. "So what we have
here is a tight cluster of a half dozen kimberlites all within a 1 km
radius of the Renard 2 pipe," he writes. Ashton is batting 100. The new
kimberlites were intersected under overburden ranging from six to 22
metres, which suggests the kimberlites are probably accessible to mini-bulk
sampling. On the market front, Mr. Kaiser warns of shares becoming free
trading April 10.
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