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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?


To: david f. dempster who wrote (390)1/19/1998 9:43:00 AM
From: Just Wayne  Respond to of 822
 
Looks to me as if Canacord is trying to support the play all by itself this morning. Wonder how deep their pockets will be??
Wayne



To: david f. dempster who wrote (390)1/20/1998 8:42:00 AM
From: Famularo  Read Replies (1) | Respond to of 822
 
Globe says shares slide after release of results

Pure Gold Minerals Inc PUG
Shares issued 24,870,966 Jan 19 close $1.25
Tue 20 Jan 98 In the News
See Ashton Mining of Canada Inc (ACA) In the News
The Globe and Mail reports in its Tuesday, January 20, edition that shares
of Ashton Mining of Canada and Pure Gold Minerals fell yesterday following
the release of more results of mini-bulk sampling from their Buffalo Hills
project in Alberta. The Globe's Scott Adams writes that the stocks are
known to be volatile around the time when sampling results are released.
Wendel Zerb, an analyst with Pacific International Securities, called the
latest results "very interesting but not fabulous." He said the stock often
trades up on rumours and drops when news is released. Ashton Canada fell
$0.75 to $5.55 on the TSE yesterday, while Pure Gold lost $0.14 to close at
$1.25. The companies are in the midst of early mini-bulk testing at Buffalo
Hills and are now deciding where to do second stage mini bulk sampling,
said John Auston, Ashton Canada president and CEO. This second stage
mini-bulk sampling will continue through the rest of the year, he said.