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

To: JKNF who wrote (4943)	5/1/1998 12:54:00 AM
From: Famularo	Respond to of 7966

John, month end selling does contribute to the decline but I think investors inpatience caused it to fall 20% in two days. I bought some today and will continue to buy. I think it is a real joke that Ashton is trading at prices with little premium allocated to the potential of K91 and K14. I think that Ashton is also surprised by the way the market decided to beat up on the stock. People are forgetting that Ashton has numerous diamondifirous pipes. There must be about 100 or so companies who have staked land in Alberta. If investors don't like Ashton at $3.40 with the current inventory of pipes and 18 mil cash they definetely should not think of buying a junior stock with NO kimberlites and little cash. People will argue that you can buy a junior for .30 but I rather pay $3.40 for a company with 23 pipes and possibly the best staked area in Alberta. My timing and expectation have been off this year and the market's reaction to diamond exploration has caught me by surprise. I am still long and hope for the benefit of many that Ashton will turn around. Ashton needs to come out of their shell and start promoting their play. Another stock that has taken a beating is Pure Gold. It is trading at .17 cents preamalgamation. This is real cheap and I think Pure Gold is hurting big time. I am NOT pleased with Pure Gold events and decisions they have made during the past 6 months. I hate to bring it up but the reverse split and CAYO's merger was a BAD IDEA and they were warned by myself, who has followed Pure Gold for a ong time. IMO, they chose not to care about existing retail shareholders. A few Cayo and Pure Gold principals made a financial killing by approving such a consolidation. You do your homework and see who were principals in both companies. Before Pure Gold can go to much higher values I urge some of you to find out who is selling approx. half million shares of Pure Gold monthly since the reverse split through Domenick and Domenick. This broker has not bought a single Pure Gold share and have been selling big time. This is not a reflection of one outsider selling so much stock! With that much selling Pure Gold can not pretend not to know who is selling all this stock. We are not talking about 500,000 shares but millions. You can all verify my remark re Dominck and Domnick selling. The only reason I continue to support Pure Gold has my second favourite stock is due to their 15% interest in a potential future mine. If it was not for that, it would not be my second pick.