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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: violetta martinez who wrote (4919)4/30/1998 4:35:00 PM
From: Famularo   of 7966
 
Violetta, even if we exclude the past few months of Ashton's exploration, without the nine discovered pipes, Ashton market cap must be worth more than today's closing price. That is the reason I decided to increase my position and today's price. If indeed, it moves back up tomorrow, I will prove my point and feel better that I had an opportunity to buy more. If she continues to go down, I will be really confused about investor's expectations and may start running out of cash and start using my margin accounts to buy more.

I am interested to see what John Kaiser has to say about the current decrease of the price of Ashton and Pure Gold because some folks were not happy that they came empty on three pipes. Ashton has traded off almost 20% from $4.10 earlier this week. It has created buying opportunity for many, even for folks who just trade on technical info, the stock WILL rebound. I see Ashton closing up tomorrow after two days of selling.

Regards
Frank Famularo
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