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

To: david f. dempster who wrote (3493)	1/17/1998 10:05:00 AM
From: John Fairchild	Read Replies (2) \| Respond to of 7966

Guys, a lot of people seem to be hanging their hats on results from existing discovered pipes. I tend to think that this exploration is at a very early stage. From what I understand drilling to date has not been by selection of best targets but rather by convieniance of location. My thoughts are the play has just begun and new pipe discoveries will happen for years to come. The thing of course is we know that every place they have drilled so far they have come up with kim unlike the NWT where lots of science is required to detect the elusive rock. I think you are going to see lots of volitility here. Everyone knows the ultimate value of a mine. But we also know how fickle the market is. Chances of a steady organized climb in stock price? Institutional buy? Fund managers demonstrate herd mantality as well as you and I. Should be interesting to see this one move on news releases. Conclusions - none, except that I think there will be opportunities to move in and out and in and out and in and out. OOPS - went right when I should have went left - crashed into the wall and lost lots of money. Check out the chart on DML - this gives you some idea of the crap shoot we have store for us. Of course we are talking apples and oranges here but the traders are still the same animal. Overreaction underreaction, timing, misread, and of course lots of dicking by the best of the best to keep you off balance. Its interesting to see the kind of volume that is taking place between players. Its dificult to read what it means and take advantage. EVR trading huge numbers while BKV sits dormant - whats up with that? MEO dips down for one day because their drilling is delayed by a few days. Relax and enjoy the ride or move around a bit? Which ever way its going to be fun. Panic selling or frenzied buying (appearances can be deceiving) mean opportunies. Above all remeber that this play is just started - do not get emotional but read the emotions. Sorry for rambling guys - Hope no one minds my posting here rather than any of the others. The same readership applies. Keep up good work guys!!!! John