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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (5423)	12/10/2001 4:45:36 AM
From: Al Collard	Respond to of 11802

Hi russett, Your in with ACA-t @$2.00 for 5,000 shares. Chart for Ashton Mining of Canada, Inc: From the chart of ACA we can see the stock has been in a nice uptrend for the past two months on well above average volume. Currently trading above all it's major MA's the stock should have good support @$1.58 it's 20EMA and no resistance above. The chart indicators are bullish but one would have to expect the stock to re-trace at some point and test support. But when? Like you said some of these stocks can just keep going. Looks good russett. Good luck with this pick, **** Al

To: russet who wrote (5423)	12/10/2001 5:25:49 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

ACA-t...in the news: Ashton Mining, Rio Tinto complete private placement Mon 10 Dec 2001 News Release Mr. Ian Head of Rio Tinto reports As a result of a private placement of units by Ashton Mining of Canada, a member company of the Rio Tinto Group has acquired 3,636,364 units of Ashton at a price of $1.10 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to subscribe, not later than June 30, 2002, for one common share of Ashton at a price of $1.40. This private placement represented approximately 7.5 per cent of Ashton's issued and outstanding common shares and approximately 61.1 per cent of Ashton's issued and outstanding warrants, for proceeds to Ashton of $4.0-million. Following the placement, the Rio Tinto Group (through both Ashton Canada Pty. Limited, an indirect, wholly owned subsidiary of Rio Tinto Limited, and QIT-Fer et Titane Inc., an indirect, wholly owned subsidiary of Rio Tinto PLC) now holds 31,068,999 common shares of Ashton (representing approximately 63.8 per cent of Ashton's issued and outstanding common shares) and 3,636,364 warrants exercisable for 3,636,364 common shares of Ashton (representing approximately 61.1 per cent of Ashton's issued and outstanding warrants). On a fully diluted basis (assuming the exercise of all outstanding warrants and options issued by Ashton to purchase common shares), the Rio Tinto Group holds approximately 60.9 per cent of Ashton's common shares. The Rio Tinto Group has no present intention of acquiring other securities of Ashton or of disposing of any of the securities of Ashton which it holds. Depending upon its evaluation of Ashton's business, prospects and financial condition, the market for Ashton's securities, general economic conditions and other factors, the Rio Tinto Group may acquire additional securities of Ashton or sell some or all of the securities it holds. The Rio Tinto Group combines Rio Tinto PLC and Rio Tinto Limited in a dual-listed companies structure.