Ashton Mining of Canada Inc -
Globe says analyst rates Dia Met, Aber, Namibian
Ashton Mining of Canada Inc ACA
Shares issued 29,249,415 2000-04-03 close $0.99
Tuesday Apr 4 2000
See Dia Met Minerals Ltd (DMM.B) In the News
The Globe and Mail reports in its Tuesday, April 4, edition that diamond stocks have not glittered for investors in 2000. The Globe's Tip Sheet column says a report dated March 23, by Jack Jones, an analyst with CIBC World Markets, says shares of the world's six largest public diamond companies have fallen by about 17 per cent to date in 2000. "The strong demand for rough diamonds in 1999 has continued into 2000 and is backed by a solid economic outlook," he said. Also, "there appears little imminent new production coming on stream, while rapidly depleting stocks at De Beers points to an increasing potential for diamond price rises later this year." Furthermore, restructuring and acquisition activity is increasing in the industry, which suggests rising underlying value, he said. He rates Dia Met Minerals a "hold," Aber Resources and Namibian Minerals a "speculative buy," Ashton Mining of Canada a "hold" and Rex Diamond Mining a "speculative hold."
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