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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: RMF who wrote (5102)5/14/1998 11:49:00 PM
From: Famularo  Read Replies (2) of 7966
 
>>> You guys are diddling around here with Ashton. If you would spend an hour researching MDIN you would forget ACA and jump on the Medinah band wagon. What do you want, a lot of dead kimberlites or one of the largest gold deposits in the world.<<<

I am surprised with your comments on Ashton. Ashton has a few diamondifirous pipes which have great potential. 18mil cash in the bank and 62% controlled by Ashton Australia. I don't know much about MDIN and I am not going to bother commenting on it. Personally, I rather have my money in Diamond exploration. There is lots of good gold stocks on the market that are trading at discount prices and becuase of the fiasco with Bre-X and the fact that it was in a foreign country, it will take a lot of work to promote any gold mining stock today mining at a foreign location. Micap, you're allowed to hype your stock but please don't knock Ashton until you give them the opportunity to release their K14 bulk sampling results. You probably heard this from me many times, there is one buyer for every seller, the question is who is right. What I don't understand about MDIN is if indeed the company have confirmed a production gold mine, why isn't it trading at prices much higher than a penny stock, 35cents. There is a reason for everything, experts trade daily and if the true market cap valuation was worth more than .35, BELEIVE ME, institutions would buy all they can get their hands on. Just my two cents worth.

Regards
Frank Famularo
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