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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: DIAMOND JIM who wrote (4496)3/19/1998 2:25:00 PM
From: Famularo  Read Replies (1) of 7966
 
DJ, you are correct. A friend of mine is a fund manager for an institution, I won't name. During the months of Oct/Nov/Dec, they had a huge cash position allocated to speculative buys. They decided to hold back until we have a better understanding of the Alberta chemistry and a read on the quality. I think we will be closer to that milestone this fall. When these fund managers buy, they'll buy at whatever price the stock is at the day the decision is made to move in. As well, another offshore contact, who is familiar with Offshore mutual funds, claims that they are still waiting for confirmation. However, if the stock dips at unrealistic prices, they will move in and hold until quality is discussed. Even though, 500t sampling is not a huge sample to stake victory but it will be an indication of postive progress done to date.
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