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


To: Famularo who wrote (2999)11/29/1997 10:17:00 PM
From: Robert Dirks  Read Replies (1) | Respond to of 7966
 
Hey Frank, I wanted to be number 3000. Oh well maybee 4000...
Take care.......



To: Famularo who wrote (2999)11/29/1997 10:21:00 PM
From: James Chorney  Read Replies (3) | Respond to of 7966
 
frank dont foget the shares held in escrow .also i would like to mention your post 2975 paraghaph 1&2 should it be tons or lbs .Thanks in advance.I still like your well ifomed posts.



To: Famularo who wrote (2999)11/29/1997 10:25:00 PM
From: Alfonso Agostino  Read Replies (1) | Respond to of 7966
 
Hi Frank
If they continue with the 1000 ton sample. What is the possiblity of a financing done. I would agree that if a 1000 ton sample were to proceed then that is a very bullish move on Ashton's part. What are the costs associated with a sample of that size? They financed at the 3 dollar level, what do you feel the possiblity of another financing in the near future. I believe that if a NR confirms a 1000 ton sample
then hopefully the market would respond favourable enough for ashton to finance at higher price level thus, decreasing the amount of shares to issue for that and not dilute the float as much. Previous financing i believe was 5 million shares at 3 dollars($15million) at current levels it would only take 3millions shares to acquire the same amount of financing. Correct me if im wrong please don;t wanna give the wrong info to interested investors.
Comments Frank or anybody else
Thanks in Advance
Alfonso
BTW thanks for the reply frank got it yesterday.



To: Famularo who wrote (2999)11/29/1997 10:28:00 PM
From: MUDMAN  Read Replies (2) | Respond to of 7966
 
Frank: Thanks. So the market cap is ~ CN$135mm. A CN$20 price would imply a CN$520mm market cap assuming no further dilution. What kind of event gets us to where that price is justified? If you think I'm premature here remember Arequipa Resources. Was $2.50 the end of Dec '95 and got taken out at $29 in Aug '96. Does ACA really have this type upside? Mudman