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

To: cann11 who wrote (4862)	4/26/1998 11:56:00 AM
From: Famularo	Respond to of 7966

>>>I think marum is another baby to watch . What do you think frank.<<< Marum is also on my top 10 list. Until they casn prove that diamondifirous pipes can be found outside the North/South line, the markets will not get to excited. The point I was trying to make was that Marum and other juniors can move upwards with no kimberlites when Ashton reverses its trend. Ashton is the leader and the most advanced player in ADP by approx. 18 months. If/When Marum confirms a kimberlite, they will then need to prove it is diamondifirous and disclose the micro/macro counts. These initial counts MUST be equal or better than Ashton's best pipes before people can injecting much higher market cap. on Marum. When Ashton found its pipes, it had nothing to compare to in ADP. Results were being compared to NWT. The reason Ashton went to $8.05, that early in the exploration cycle was the rumors of a huge pink diamond. Today, people are well more educated and do not expect Marum,Montello, Victory, Troymin to trade to $4.00 unless they can prove to take over the main spotlight in the ADP by announcing HUGE counts much better than Ashton. Keep in mind that even though Ashton only has A 42.5% claim, they are controlled by Ashton Australia and there is only about a 38% Ashton float on the market. Much easier to move a float of 38% then a float of 90% plus. As well, I think many of these juniors will lose there 100% claim after they find diamondifirous pipes. Why? Money. If they don't JV, they will flood the market with much more paper to raise tons of money on their own and will keep the stock down longer. Happy Trading and keep a CLOSE Eye on Ashton this week. We may be leaving the dog levels real soon and see a steady moveup leading us to the K91 40t sample results scheduled in approx. three months. Just my two cents worth. Hope that helps. Regards Frank Famularo