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

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To: DIAMOND JIM who wrote (6707)11/19/1998 12:30:00 PM
From: Famularo  Read Replies (1) of 7966
 
>>>Dev what we need are MORE facts from Auston this time around to give us something to talk about. Up to now they have treated shareholders poorly ( no chemistry no size distribution) and will have trouble attracting new money given the quickening pace in the NWT<<<

Ashton will need financing during the spring of 99. If the results are poor, financing will be very difficult. If K14 results are very good, they will need to feed the market with more details of the chemisty, size distribution, etc before an inst will participate in a private placement. Even if they decide to issue rights, we will need good news, otherwise this play will die out.

regards
Fast Frank
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