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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?


To: jpthoma1 who wrote (7746)10/4/2001 1:22:05 PM
From: 1st.mate  Read Replies (1) | Respond to of 7966
 
Do you think that if ACA discovers something «big», Rio Tinto would let the stock price skyrocket? I am afraid that they will immediately make an offer to buy all outstanding shares at a «cheap price».

Just a thought!


A very real possibility, It is the reason for the poor Risk reward as seen in the share price. With RTZ controling more than 50% they can take the company out any time...



To: jpthoma1 who wrote (7746)10/4/2001 4:59:38 PM
From: Famularo  Respond to of 7966
 
>>>Do you think that if ACA discovers something «big», Rio Tinto would let the stock price skyrocket? I am afraid that they will immediately make an offer to buy all outstanding shares at a «cheap price».<<<

Anything is possible. It may be to their marketing value to have a small chunk still available to the open market. This company has the makings of a 5buck stock, with advanced progression of their projects and prior to any development project. Ashton closed @ .90 today. Started the week at .70. Very good increase for the week. Let see what it does tomorrow. Todays closing price is a very good technical indicator for Ashton.