ASHTON MINING OF CANADA (ACA) Message Board

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

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To: simon sichewski who wrote (2513)	10/1/1997 9:25:00 AM
From: Jadrew	of 7966

Too much risk ? Simon, its amusing reading your posts. You read the press releases and rights circular and "highlight" all the potential risks. But we are talking about diamond plays, not T-bills here. Admittedly, a 43kg sample does not make a mine. But, given that it was discovered close to another macro find is encouraging. If you like to short stocks, go ahead. But when you talk about "risks", you might want to re-visit your payoff matrix on this one (or for that matter "any" stock which has a high "upside" potential - even if its a low probability). As for "fund" buying. Personally, I don't care if funds are not buying this speculative stock now (I'm sure most are spooked over having another Bre-X to rationalize to their unit holders). I'm a long term investor, not a trader. If this becomes an economic discovery, the funds will fall over themselves to buy in (they are followers, not leaders). I will sell them my shares at some bloated price. If these drill holes aren't economic, the price will fall, but other potential ACA holdings will remain. As for the large stones being "off-colored". You also read that the "broken" stones (macros broken by drilling ?) were generally clear. Is this positive or negative ?

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