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

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To: Famularo who wrote (2498)9/30/1997 12:06:00 PM
From: Jesse   of 7966
 
Frank and all, Here are some words from an authority who was at the Calgary conference:

"Kaiser was very bullish on the Alberta play calling it "the bridge to the next junior resource bull market"... he said watch out when the local money notices that one of their own (i.e. AEC) starts to move on the diamond play... then the floodgates will open. Recommended ACA, New Claymore, AEC for conservative investors, as well as all the others on the Buffalo Head Craton.

"He ignored Mt Hope even though they have spectacular anomalies just a few kilometres off the alleged craton edge.
... most interesting tidbit was a technical one which he apparently got from Ashton, suggesting that the Alberta diamond pipes have a very different chemistry and that the standard South African indicators, i.e. garnets, don't mean very much, if anything, in Alberta.

"Lots of interested investors, lots of promoters flying in from all over North America... all looking for land in a play where there is no more land. People with private holdings are being showered with strong pleas for land deals but the play is so hot, technically, that the deal market is quiet with no one wanting to move yet.

"This was a very, very serious conference. Even the promoters I talked
to were taking positions in other promoters' deal just to cover their
bets."
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There ye be!
:>
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