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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (542)	1/27/2003 8:11:19 PM
From: Rocket Red	Respond to of 16206

Don't understand why they have not did a Roll-back long ago! I guess there happy seeing there stock at 20 cents

To: Famularo who wrote (542)	1/28/2003 8:23:18 AM
From: Famularo	Read Replies (1) \| Respond to of 16206

Ashton in Alberta can still fire Kaiser's imagination Ashton Mining of Canada Inc ACA Shares issued 49,062,149 Jan 27 close $1.28 Mon 27 Jan 2003 Street Wire by Stockwatch Business Reporter John Kaiser rattled off largely favourable comments on at least two dozen diamond stocks to eager investors during a 30-minute talk at the 2003 Vancouver Investor Conference on Monday, and his old favourite -- Ashton Mining of Canada -- was singled out for special praise, saying that the company has the potential for a major discovery in Alberta. "The company has targets of 400 metres by 400 metres," in the Buffalo Hills region, he said, and if the company can prove up a diamond body that size with a half-carat grade, "Wow, this place will go crazy." Ashton spent much of 2002 studying new Buffalo Hills geophysics, and the company now has at least four new anomalies to test -- at least one appears very large. As Stockwatch writer Will Purcell noted on Dec. 13, perhaps the most promising target is an electromagnetic anomaly that displays a weakly magnetic response, similar to K-252, but which measures about 400 metres in diameter at the surface; K-252 measures about 150 metres in diameter. Mr. Kaiser told about 300 goldbugs and diamond enthusiasts that the market is largely disappointed in the Ashton-led Quebec discoveries of last year, saying that Ashton's Renard discoveries simply were too small to capture investor interest. Results released in December for a mini-bulk sample of 4.88 tonnes from the Renard 3 kimberlite were promising enough, showing a yield of 6.54 carats for an indicated grade of 1.34 carat per tonne. "Alberta could be back in the game this year," he said, a reference to the frenzy of exploration and investor interest kicked off by Ashton's kimberlite discovery in January, 1997. The San Francisco-based letter writer commented that Ashton was "probably fairly priced" at current levels of $1.28. He recommended Ashton in his Bottom-Fishing Reports in December, 1999, at 53 cents; four earlier buy tips ranged from $1.15 to 50 cents. The stockpicker's diamond favourite emerged from obscurity in January, 1997, when Ashton announced it had hit kimberlite in the Buffalo Head craton in Northern Alberta -- only weeks after Mr. Kaiser recommended it at 96 cents. Later that year it ran to an intraday high of $8, but alas, no sell recommendation appeared. In his conference preamble, Mr. Kaiser noted that while Canadian diamond production is currently fifth place in an $8-billion market, he foresees Canadian production increasing to half the world's production in the next 20 years. "Just about any of the companies (mentioned in his talk) fair to good value from an exploration standpoint," Mr. Kaiser said.