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

To: Jesse who wrote (5374)	6/16/1998 9:27:00 PM
From: BLZBub	Respond to of 7966

Jesse, So Ashton Australia (AML) might increase ownership to 70% by "oversubscribing" to the rights offering? The assumption is that AML believes that the $3 price is a deal for themselves and will therefore take-up 61.4% of offered rights, plus 61.4% of the rights not exercised by other shareholders. At the same time, ACA beefs up the treasury. I'm wondering if securities laws will allow this in Canada. You often see rights offerings that are only open to residents of certain Canadian provinces. I'm not sure of the reason for this, but is there a way for an offshore corporation to therefore participate in the rights offering of a Canadian incorporated company?

To: Jesse who wrote (5374)	6/17/1998 12:15:00 AM
From: DIAMOND JIM	Read Replies (1) \| Respond to of 7966

Asian markets very strong tonight - up 5% in many cases - good day for for an NR. Regards DJ

To: Jesse who wrote (5374)	6/17/1998 5:51:00 PM
From: Famularo	Read Replies (3) \| Respond to of 7966

A recap of the predictions of K91... are Just Wayne 33 carats/100t BLZBub 42 carats/100t Denis Lapante 43 carats/100t Frank F 50 carats/100t Diamond Jim 55 carats/100t JKNF 63 carats/100t If anybody else wants to throw in a guess, let me know and I'll add you to the list. IMO, any # above 75 carats/100t will bring up the stock to $5.00 plus muck quikcer than we think. Anybody else have comments what the market needs to excite the current depressed mining market?