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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: JKNF who wrote (5487)6/27/1998 7:54:00 PM
From: Famularo  Read Replies (1) of 7966
 
Hello Guys, just got back to the computer after a few days of being away. First of all, I want to comfort you all that there is no known leak re the upcoming K91 results on the streets. Ashton is doing a great job! I am as bullish as ever and am just on the sidelines waiting for the results like the rest of you. The market cap. is low on Ashton and good results should increase it.

My discussions with John Auston, back about a month ago indicated that he was hoping to have the results by the end of June. The only information I have is a confirmation of olivine in the samples and the results will probably not be ready this week as I had previously said. We may still be one or two weeks away. A group of investors, including myself have completed the formation of an investment company, composing of 14 individuals. The company is ready to roll but we have decided to wait. After a few meetings with the other 13 investors, we have decided to spread our investments to other public exploration diamond companies. For example, we invested in Southernera last week. We still have a good chunk of cash to invest in Ashton. We do not intent to purchase Ashton and fullfill our quota within a few trading days. We will spread the buying.
Therefore, as of today, I do not know what to expect from the results but if they are impressive, we will start buying. If not, we will wait to see if it drops further and start buying in late summer.

I will update the K91 prediction list this evening.

See you all in the Bahamas!

Regards
Frank
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