Kaiser says rejoice, don't squawk
Ashton Mining of Canada Inc ACA
Shares issued 23,798,122 May 1 close $3.40
Mon 4 May 98 In the News
John Kaiser, writing in a May 3 Bottom-Fish Tracker, says Ashton Mining of
Canada's price, wobbling at $3.48, should not concern investors.
"Impatience, not diminishing potential," has brought down Ashton's stock,
he maintains. Ashton lost 70 cents on April 30, to $3.35 from its close of
$4.10 the day earlier; its 52-week range is $2.14 and $8.05. That little
correction followed ACA's April 29 release of disappointing results. Mr
Kaiser says investors should be joyful, however, that Ashton can be bought
so much cheaper. "The cheaper you can buy such stocks, the better," he
enthuses. Nothing in the meantime will persuade the skeptics to buy, he
says, so cheaper prices "should be a cause for rejoicing among Ashton fans,
not squawking." The cheap-stock luminary also comments on news that
Ashton's 10 tph DMS plant will be delayed, saying that the news this play
needs to "garner big-league respect" will not take place until the last
quarter. In the interim, other results will be forthcoming, but Mr Kaiser
does not say whether he expects more rejoicing. |
