PureThing, you got post 7000 on the thread! IMO, and by many others on different thread, you are considered as one of the best posters on SI! Obviously, newcomers are not aware of it. Back to business! Lets get back to business. I did unfortunately take a 50% paper loss, the nice thing is that I play the game as I know the risks. Not to worry, I will make it back and am not selling Ashton for now. I actually like to buy more, I am hoping for more sellers to force it down below $1.00, maybe .80cents. That would be a nice buy. I just hope Ashton is smart enough and stops SEPNDING USELESS MONEY in Alberta. It has been over two years since they started in Alberta. By now, they should have been more successful for investors. If I recall Diamet/BHP found productive pipes much quicker. Ashton claims to have 11mil cash, they better fund projects efficiently, otherwise they will always be remembered as the senior ADP exploration company that led people to beleive that a mine would be found in Alberta. This may prove to be a situation where they should have continued in NWT.
It annoys me, not because they missed, but because I feel that the emphasis that Ashton puts on this play and based on their plan of action they have taken, the infrastructure, easy access to roads as not produced better results by now. By now, most well managed companies would have moved out from Alberta. If indeed, Ashton does not know more about this play, why the hell do they continue spending this money. We come back to the same theory, there is more we don't know. I have always said it and will say it again. I don't trust this business! Their agenda is probably being accomplished at shareholders expense.
Regards
Fast Frank |
