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

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To: chummer who wrote (4852)4/23/1998 2:04:00 PM
From: Famularo  Read Replies (1) of 7966
 
The Ashton stock is maintaining itself real good. If you anticipate good micro/macro counts. The critical resistent price for Ashton is $4.25. When it breaks that, I can see most of the 100,000+ shares short starting to get coverd and will should move Ashton higher. I have been following Ashton's trading pattern very closely lately and I
was hoping for it to drop to under $3.75. I am starting to doubt it will get there unless the micro/macro counts are much worse than K14/K91. I believe that the current trading price is a good time to accumulate Ashton. Even though there remains a high risk with this exploration project, Ashton's office is confident they are on to something. I can't see why they would spend so much money on a new/faster DMS plant in Alberta and expand their Vancouver administrative office. I urge all you interested people to read up on Diamet's history. Prior to confirming a commercial mine, Diamet expanded their office and built a DMS plant close to the Koala Pipe. Diamet did this at the same project phase as Ashton just did by building a DMS plant close to Buffalo Hills and expanding their Vancouver office. Does that tell us anything? We'll leave that to our imagination!

Without saying too much more, I am comfortable to communicate that Ashton is a strong buy at under $4.00. However, please do your own DD. These are my opinions. Happy Trading!

Regards
Frank Famularo
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