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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: St. Barbara who wrote (5646)7/15/1998 12:31:00 PM
From: BWEEB  Read Replies (2) of 7966
 
If that's the case, why buy PUG? If ACA ran PUG you would never hear a press release ever again. PUG is the only promotional force behind this play. It is Pure Gold's harrasment of ACA that has provided us with the news that we have. I just read PUG's Thabex report (South African Diamond mine), it is extremely positive using conservative estimates. This is a first class aquisiton that has been unfortunately overlooked by the market. This is not the fault of PUG management as they should be commended for bringing such a great deal to the company. I am glad that PUG's management has not just laid back, with all it's eggs (clear shiny ones) in one basket. PUG should be trading above 1/3 of Ashton's share price and this will happen if K14 results are very positive!(for many reasons that I will elaborate on in the near future) This would mean a greater % gain in this play than if you are in ACA. This is not the case right now because of the poor condition of the speculative markets. ACA is seen to be less risky because they have the backing of a major diamond producer. Both stocks have their pros and cons, so I suggest people do their own research to determine what best suits their investment goals.
Just a guess, but I suspect that ACA will release their K91 mini-bulk results Friday after the market close. This seems to be their usual release pattern.
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