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

To: DIAMOND JIM who wrote (4811)	4/14/1998 7:12:00 PM
From: Jesse	Read Replies (2) \| Respond to of 7966

Well kids, I watched John Kaiser on CBC Newsworld this eve., whereon he was interviewed from beautiful Berkley, California. Kaiser did not drop any names (as in stock tips), but he did discuss the amazing potential (and thus allure) of junior resource stocks in the pursuit of an existing orebody. He used Diamet at 50cents to $50- as an example, and DFR, having discovered Voisey's Bay (worth several $$billion) in a mere $150,000 drill program, ..."that could have been found by any one of the 100's of small junior companies." Kaiser proposed that there are at least 4 elements to consider when selecting a good bottom fish (ie, spec stock) that is out of favour with the market: The people involved (as in their track record), the stock structure (shares/ holders; insider incentives), the company's capital position (financial ability to make things happen), and fourthly, the company's story (the project or vision). Responding to a question about how to decide when it is time to buy and sell, Kaiser spoke of his 'spec-value machine' (for assessing probability of success). JK says one should look at the likelihood of the success of a company's dream-- as in, eg, at a horse track, a horse with a 10:1 odds - is it under-leveraged or over-leveraged? The key is to do a lot of homework, he says. So, there's a synopsis. Unexpectedly, Kaiser made no mention of TYR or the ADP. Cheers! -j :>