ASHTON MINING OF CANADA (ACA) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: maintenance who wrote (2916)	11/21/1997 2:27:00 PM
From: Jadrew	Read Replies (1) of 7966

ACA/PUG ratio: Aside from the fact that ACA is the operator (and PUG) is a minority owner of the Buffalo Hills (BH) find there are probably a number of other reasons for the discount PUG "appears" to be trading at: 1) The value of Ashton without its holdings with PUG is probably around $1 share. PUG is probably worth a lot less without BH. 2) Cash on hand to fund exploration costs. Given ACA recently raised $15 million or so, further dilution probably won't be necessary in the short term. I haven't researched PUG. How much cash do they have ? Even assuming Buffalo Hills is worth $4.5/share to ACA and its worth close to the full value of PUG - $1.20/share, the ratio would be a lot more in line with the 3:1 BH ownership ratio.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next