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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Alfonso Agostino who wrote (5837)7/29/1998 2:05:00 AM
From: DIAMOND JIM  Read Replies (2) of 7966
 
Alfonso in some fairness to Mr K he did state a number of months ago that he expected the ACA scene to be quiet until the K14 450tn sample was processed in late fall..but that's all I will give him. No question the shorters have won this year . My average cost is 4.98 and it's tough to watch but I have been down the same proportion in some blue chips and seen good recoveries.

Some of Frank's comments seem contradictory of late but have been on balance generally well thought out and supportive when the data has indicated support was warranted. The argument that an info vacuum is partly to blame for the breakdown is not very strong. Recall that this dramatic fall began right after the late winter release about the K14 bulk sample, K91 mb and DMS plant plans which on the surface is positive. This stock was a target then and continues to be one.

I find it hard to figure why ACA will not be drilling this summer or fall and in the same breath say much investigation remains. Maybe they put the 12 million in a CD that matures in Jan. A positive view might be they wish to focus on the DMS plant and perhaps a new bulk on K91 and mb on K11 - thats all thats there. Note that no news on the DMS plant was in this latest dog of a NR..A good question might be are they planning to build the bloody thing at all? Yours in frustration DJ
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