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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Martin Wormser who wrote (7664)9/1/2000 7:55:25 PM
From: Famularo   of 7966
 
>>>Nightly Business News on PBS said Rio Tinto buyout of Ashton Australia. Is this old news? Anyone care?<<<

Hi Martin, old nes indeed. Debeers will come out with another offer for parent AML. If we include the 5cents dividend, the buyout works out to $2.11.... I expect we'll see another new high on the AML stock...... Debeers will need to come in over $2.25..........If Ashton Canada annouces interesting progress, during the bidding war, we can see the value of the bid going higher.... At this point, I don't think much value on paper has been given to Ashton Canada.......
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