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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Jesse who wrote (5211)5/27/1998 10:51:00 PM
From: Famularo  Read Replies (1) of 7966
 
Not a good day for Ashton and other stocks. Ashton did recover to $3.45 but still much cheaper than last weeks $4.00 plus. I think we should see her move up soon. Here are my predictions.

If news on the remaining pipes are barrant, the stock will break $3.00 and we can go Sunday Shopping for a week until the excitement kicks in for K91.

If new pipes are diamondifirous, at least one(we hope) will prove that diamonds exist in a new cluster and will stake another milestone in diamond exploration in Alberta and stock should start moving up in anticipation of the K91 results.

If more than one pipe is diamondifirous, I would expect the market to like it has more than one pipe has potential commercial stones in a NEW CLUSTER. VERY KEY MILESTONE.

If at least one new pipe has good counts, I expect the stock not to stay cheap for so long.... with some of the above conditions.

With the SVB play getting hammered lately, we need something positive to ignite the ADP. Lots of money on the sidelines and good news from Ashton from either the new pipes, K91 and K14 will bring us to double digits by year-end. Everyone is watching this play and it won't take much for this stock to sling shot....

Let us keep our fingers crossed....

Regards
Frank
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