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

To: JKNF who wrote (3091)	12/3/1997 11:14:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 7966

John, I was just asking. Nobody really talked about how they benefited from the rights offering. They don't need money for a while. The dividend I received from the sale of my rights was fantastic. It almost paid for my original shares. martin

To: JKNF who wrote (3091)	12/4/1997 2:06:00 PM
From: maintenance	Read Replies (1) \| Respond to of 7966

Stocks such as shells or start up companies, promote to do financings at higher stock prices. Sometimes these companies will allow the share price to come down in order to do a large private placement. This is good in that it allows the start up companies to aqcuire a solid cash base to explore, develop, etc. It provides incentive for wealthy individuals or mutual funds to part with large sums of money. I see no evidence to suggest that Ashton is at this stage. At this point if Ashton were playing this game they would not do a financing at these low prices. I don't think they have any need for financing right now $20 million will pay the bills for a while yet. IMHO at this stage Ashton is not exploring for an asset, rather they are trying to prove the asset they have. At the rate they have been progressing I think we will see evidence of a mine soon. The thing that has me baffled is PUG What are people thinking selling at these prices? Cheers