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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: DIAMOND JIM who wrote (4808)4/14/1998 12:38:00 PM
From: Famularo  Read Replies (1) of 7966
 
Two biggest sellers on Ashton during the past few weeks are:

First Marathon Broker 080... was a syndicate back in the early 90's. IMO, probably taking profits,

Goepel 089.... Was involved with the rights and IMO, also taking profits.

If anyone has trading accounts with these brokers, please find out more details for us. IMO, once these folks are completed selling, Ashton should start moving up. It is noted that Ashton has been maintaining very well during the past few weeks. Ashton's annual meeting is in about a little over two weeks and I think Ashton is going to have results from all their nine pipes by then. If the initial counts are not good, we may see Ashton trading under $4.00 as people who are in for the short run will bail out, if results on some pipes are better or as good as K91 we should see the stock move upwards. My guess is that results will be good. As well, we may have results on a few pipes as early as next week April 20th/21st. I have a difficult time to beleive that results from at least three pipes are not yet available. Unless, they are waiting for the techies to get back from SA.

There is a nine hour difference with Sout Africa. I don't think Ashton has given their presentation yet. If I hear more, I will let you all know.

Happy Trading!
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