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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Famularo who wrote (3566)1/20/1998 9:33:00 AM
From: Just Wayne  Read Replies (1) of 7966
 
Financial Post has mention of Ashton's results

Quoting analyst Bill Belovay of CIBC Wood Gundy, the article says he feels "the results are neither negative nor conclusive... Belovay said speculators drove Ashton's stock price to $5.90 when initial results were released on Nov. 11. His 52 week target price is $3.60. "They only have 40-odd tonnnes of sample material and need in the thousands of tonnes to be able to draw conclusions," he said."

Expect Ashton to head south again today.

Wayne
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