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

To: DIAMOND JIM who wrote (4911)	4/30/1998 12:14:00 AM
From: JP	Respond to of 7966

This confirms a few things in my mind. 1) Ashton was handed the first 16 pipes by AEC seismic and that caused them to core drill since they knew what they had. 2) I have heard that ACA is batting 60% with these new holes. R/C drilling is cheaper. 3) If they were optimistic about these holes they would have said 0 stones but... 4) Time to quite watching for a while. JP

To: DIAMOND JIM who wrote (4911)	4/30/1998 1:08:00 PM
From: Famularo	Read Replies (5) \| Respond to of 7966

Ashton down 20% since Tuesday. It is unreal on how investors make a decision and dump the stock because three of the nine 'newly discovered pipes' are useless. What happened to K14 450 bulk sampling and K91. did people forget about this. What happened to the other diamondifirous pipes. I will stress that this play is FAR from over and Ashton would not approve to spend 10mil plus for a new DMS plant in Alberta JUST to process K14 450 ton sampling and K91 40 ton sampling. I have taken today as an opportunity to increase my Ashton position while others have decided to sell. It is unfortunate that so many people are impatient have decided to bail out. As well, without going into detail, please never discount the possibility of politics on why certain things are done a certain way. IMO, Ashton does not care about amking the average shareholder happy in the short run. They need to inform the potential of this play mostly to the parent who owns 62%. Ashton Australia knows details of the postential of this play and know how to play the diamond exploration game. For the remaining Ashton shareholders on this thread, this play is far from over. Good Luck All. Regards Frank Famularo