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

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To: ddl who wrote (3877)2/12/1998 9:30:00 PM
From: John Fairchild  Read Replies (2) of 7966
 
Sometimes you can't see the forest for the trees.
Ashton has all the cash they need to carry on the exploration program. No need for financing so do they really care if the stock and the whole area play show short term price weakness. They do if insiders want to sell. They are however there for the long term as indicated by the $4 mil purchase of a 10 tonne per hour DMS plant. Quite possibly they have a view to increase their interest in the area or at least make that option as attractive as they can without attracting to much undue attention.

We have all complained about the lack of reporting.
They hinted at the quality of the 3/4c yellow stone but they have not told us whether it's gem quality.
They did not give us actual carat grades for K91. They reported only grading for stones greater than .8mm X .8mm for this small 850 kg sample.

What about a description of where they are drilling next or an update on HRAM surveys. How many more targets have they found?

Time lines would be nice to see. What about K5 mini bulk?
It sure seems they are trying to keep us and the area play off balance.

Guess will have to wait for some of the area play companies to spread some good news.

John
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