Kaiser says Ashton's run shows market still cares
Ashton Mining of Canada Inc ACA
Shares issued 29,249,415 Mar 24 close $0.95
Fri 24 Mar 2000 In the News
John Kaiser, writing in a March 16 Bottom-Fish Tracker, Ashton Mining has
been volatile over the past couple of weeks, sparked by the March 3
announcement that two pipes were found at Buffalo Hills. It had shot up to
$1.50 but settled back to 99 cents by March 16. Mr. Kaiser tipped Ashton a
buy in December, 1999, at 53 cents. He had four earlier buy tips ranging in
price from $1.15 in April, 1996, to 50 cents in October, 1999. The activity
indicates that whenever a pipe is found in a new area of Northern Alberta,
especially in Ashton's central holdings, the market can let its hopes rise
a little that Ashton may finally be onto a rich cluster. He contends that
the discoveries may qualify as new clusters. Mr. Kaiser says Ashton remains
as secretive about Alberta diamonds as ever. He says, however, that from
conversations he has had with Ashton's people, he can infer that the
company has done isotopic studies on its Alberta diamonds and apparently
has a good idea about whether or not they are peridotitic and/or eclogitic
in nature. The latter are the younger of the two types. |
