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

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To: Famularo who wrote (5734)7/20/1998 7:28:00 PM
From: FRANK KENDRICK  Read Replies (1) of 7966
 
Hi Gang,

Frank F states, "As for today's action, it would indicate that 1.) News on K91 is the shits. 2.) A rumor that news won't be out for a few more weeks for one reason or another. 3.) They are rushing with results of one of the other new pipes found this year so they can balance out the upcoming news. Ashton and Pure Gold can not afford to put out bad news. The ADP play is already dead and even though Ashton does not care about the other juniors, the diamond mining industry needs to attract new investors."

Let's hope that #1 is not correct!!!! As for #2, what is the "one reason or another" that you are hearing? Concerning #3, why would they want to balance good info with bad???? You are not helping me feel good today. (So much for the Monday rumor!!!) A question: Has the building of the plant begun??? If not, what is the likelihood of it not being built or delayed if this news is bad? Opinions anyone???

IMO, the decrease in price today is due to no news (the volume is low). I don't like the delay but it could be for any reason...good or bad. I still feel that before all is said and done this area will have at least one mine.

See ya'll in the Bahamas!!!!

Frank K
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