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

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To: DIAMOND JIM who wrote (3664)1/27/1998 4:42:00 PM
From: Famularo  Read Replies (2) of 7966
 
Jim, I am also troubled by Ashton. As I indicated in previous posts, all Alberta exploration stocks will suffer, as some have already. It does not make sense for Ashton to trade at current prices. Then again who am I to dictate at what price Ashton should be trading. Market cap. has dropped more than I expected on Ashton. My sources have indicated that there is no need to worry and I can assure if it continues to dip, myself and many others I know will have a field day buying. At $4.00, I see no reason why it wouldn't be the best buy in Alberta diamond exploration. All I can say, is if you're in to for a short term rally, we may see it at lower levels. If you're in for long term, now should be a good time to enter. It is not easy to buy at the exact low. I think people are shorting it and will buy before the next set of results. I think the results will be announced no later than two weeks from yesterday. As well, the 1998 exploration plan is what is also making the stock suffer. I hope the 1000+ bulk sampling we have been waiting for months does become a reality. Otherwise, we may see a quiet winter for Ashton.

I think Ashton shareholders should call Ashton and ask why we still do not have a 1998 exploration plan communicated to shareholders.
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