SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rocket Red who wrote (7643)6/26/2000 10:35:00 AM
From: Famularo  Read Replies (1) of 7966
 
Yes, many investors who bought at higher prices got hurt with Ashton. At current price level, It is difficult to ignore it when a parent company such as AML Australia control 69% and the remaining market float is so tight(11 mil shares and I know where 10% is). This weekends announcement of Debeers/Winspear is great news for diamond exploration and producing companies. Diamond prices are increasing and I expect, within the next few months, speculation moving back into diamond speculation stocks, which some will be brought to levels of overbought. Speculators will consider such fundamentals as Market cap, stock issued, float, experience, and financial support.

I am very excited today for the diamond sector in general and Winspear shareholders. Although we estimated the proposed buyout to be higher. Unfortunately, my position in Winspear is light and nothing to brag about as I was unprepared for the announcement.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News