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

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To: Jesse who wrote (4280)3/7/1998 12:14:00 PM
From: DIAMOND JIM  Read Replies (1) of 7966
 
Thanks Jesse..The latest ACA NR seems to indicate equipment problems are causing a delay in the K14 bulk sampling - an adjective like "somewhat" is not very precise in describing the delays. My concern is that the market has not been kind in it's response to most NRs. What I think will be used as an excuse to sell is the delay on K14 sampling, the "no diamonds" reference to K5 samples and the depth of most of the newest four pipes. Frank expressed the same dismay at the winter program release. It seems all the market wants to hear about are diamond statistics - they know ACA has the smarts to find pipes. Let me stress this is what IMHO I think the market reaction will be short term - not my overall feeling for the ADP. Regards DJ
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