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

To: St. Barbara who wrote (5764)	7/21/1998 2:32:00 PM
From: Famularo	Read Replies (4) \| Respond to of 7966

Kasier says no news is bad news for whole play Ashton Mining of Canada Inc ACA Shares issued 23,798,122 Jul 20 close $2.65 Tue 21 Jul 98 In the News John Kaiser, writing in the July 8 edition of his Bottom-Fishing Report, says Ashton Mining can blame its recent price slide on a lack of news from the Alberta diamond play. In addition, Ashton has failed to attract new financing. In fact, he says, a slump in the overall play can be blamed on a lack of good-news leadership from Ashton. There is hope, however. Ashton's 10-ton-per-hour DMS plant will be operational in the fourth quarter, which should produce some much-needed news. In addition, some results are expected this month. Still, he says, Ashton "certainly has not put forth any compelling arguments as to why confirming a world-class pipe in Alberta is more than just a statistical possibility." On the plus side, Mr. Kaiser argues the downtrend has probably shaken out investors who came in during its run to $8.05 in May 1997, and afterwards, when speculation about the play was still running high. The newsletter writer recommended Ashton in December 1996 at 96 cents and has written about the company more than 20 times since then.