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

To: Chas. who wrote (4960)	5/1/1998 10:49:00 AM
From: Sudhir Khanna	Read Replies (2) \| Respond to of 7966

Owners of a stock can sometimes complicate and over analyze issues due to emotional attachment. Step back and think about the reasons you singled out ACA/PUG as your speculation vehicle for the Alberta Diamond Play. They are the leaders of the play. They have found diamondiferous pipes of considerable size and some initial indication of commercial stones. This has happened at such a fast pace that their infrastructure to support the exploration is behind the results. Once this is corrected, expectation of material news will attract the speculators again. I have not recommended ACA/PUG in the letter because I have been of the opinion that expectations were too high and that high expectations are hard to meet (the letter is currently following Troymin for the Buffalo Hill region and Marum for the Chinchaga region). However, at the current share price, and on any dips over the next few weeks, ACA once again represents a fair speculation. I have to agree with Frank, this play is far from over. Don't base your sell/hold/buy decisions on what has happned but on what is going to happen. People ask many questions when a stock goes down (I usually sell first and ask questions later). I tend to ask more questions when a stock goes up because I want to know if the price can be supported. When I buy a stock, I always set a maximum loss limit and a time frame for the speculation. IN GENERAL, I BELIEVE THAT THE PRIMARY RISK OF A PRODUCT IS NOT IN THE PRODUCT ITSELF, BUT IN THE WAY IN WHICH THE PRODUCT IS MANAGED. Frank and others have pointed out the reasons to participate in the ADP. These reasons are valid. Sincerely, Sudhir Khanna, P.Eng. Editor, The RESOURCE INDICATOR goldsheet.simplenet.com