ASHTON MINING OF CANADA (ACA) Message Board

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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Ned Land who wrote (5633)	7/14/1998 9:23:00 PM
From: JP	Read Replies (2) of 7966

<<I think that the company now knows they have kimberlite nearby; With new, high resolution airmag data, they just have to drill a few targets. Alas, a real drill program! Money remains a problem, though.>> If this is the case- they are not being very good to the shareholders about it. Why not say "We feel very strongly that we have Kimberlite nearby" get the stock up to 20 cents and do a private placement at that level. Since the Private placement was mostly subscribed to by insiders they would have wanted the stock price to be low. To hell with the existing shareholders. Something smells to me -they keep hinting at things with suggestive phrases. Why do they not just say it - if it is true. If what you feel is correct-why is no one buying at these low levels - reason is that it is still a straight crap shoot. Montello took a chance and missed -but they were honest about it -took their lumps- and now they are doing quite well. MEO use to trade at 10 % of Ashton. They are at 14% now which is a 40% relative improvement with enough volume to move in and out of the stock. JP PS MMU used an auger drill not R/C.

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