Frank - maybe John Austen is saving all the good news for announcement at the PDAC, I noticed somewhere that he is making a presentation.
They better find some more goodies to announce soon, or they won't be doing another financing at $3 in this market. Would they want to put out 10 million shares at a $1, don't think so, so they better get scratchin for something worthy of all the public monies they are consuming.
I think too often these exploration companies think the money and findings they uncover is theirs and none of anyone elses business. Well, the money was not earned by the company but rather deposited with the company in the form of shares purchased to go forth and earn something. Companies who depend on public financings are always obligated to find something for the shareholders who financed them.
The previous President of Ashton was taking down a salary of about $400,000, never did anything for the company in terms of guiding the exploration towards anything fruitfull, thought new management would trty to make up for the previous big spenders, but looks like we aren't getting much in the way of promise after another 3 years of searching.
Most serious well-managed exploration companies build up a base or inventory of properties, and sooner or later they get some of them going into feasibility stages, and sometimes into an operating mine.
We have DiaMet, Southernera, and likely Aber as examples, maybe Winspear and Mountain Province depending on what these 2 find yet. So a serious company like Ashton better get with it or it before they get thier stock diluted any more, and too many disgruntled shareholders. |
