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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Jimsy who wrote (2195)9/15/1997 1:08:00 PM
From: Famularo   of 7966
 
>>>>Frank Ashton proving to have a lot of buying so far, could we hit $7 today?<<<<<<<

Hmmm, don't know, if it doesn't do it today, it will definetely break its high of $8.05 real soon. (don't like to give definite dates, as people can hold me to them). The way people like this stock right now, I expect it to make a new high prior to the bulk sampling results. After that, if they can prove quality stones and quantity in their bulk sampling, the stock will skyrocket.

>>>>Question: AML in the ACA rights press release indicated they would pick up all
unexercized rights which to me meant they wanted to increase their 62% of ACA. So
there are 20 million rights or so, what will AML have to pay for any unexercized
rights? Would it be the price at the time of rights expiry?<<<<

Don't know for sure, I think they get the rights for free so they can exercise them. Anyone have comments?
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