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


To: Jesse who wrote (6953)11/25/1998 12:01:00 PM
From: ddl  Respond to of 7966
 
All "conventional" stock brokers like Canacrap hate chat lines like SI and the Internet in general cause it's kicking the shit out of their bottom line with discount brokerages and often enough, the "we the investor" ends up learning and knowing more about their play than any of their SALES PEOPLE!
I've seen in print Canacrap do a buy rec. on a stock in Canada all the while their London office was doing a sell rec....Hmmmmmmmmmmmmm



To: Jesse who wrote (6953)11/25/1998 2:46:00 PM
From: Famularo  Read Replies (3) | Respond to of 7966
 
Many have sent me PM and emails, yes, yes, I am fine, 24 hr break from the computer is good therapy after K14. I did indeed go for TWO long runs. Attempted to mentally analyze this NR. I am still surprised with these results. Everyone, including folks from different levels of geology expertise had expressed expectations of counts which could have been as low as 20ct but never 11ct/100. As I said earlier, I took a break from the net and have just finished reading all these posts. I never did intend to ran away. <ggg> No reason to. I did not break any rules. DJ, I am a short, 5 7” but did not short Ashton. I still have mail to reply to. I will before tomorrow.

Ashton did process subsamples and I think results should have reported in subsamples, which would identify different locations and depths of the pipe.

I did anticipate good results and did like the technical strengths. The ONLY information I ever heard from a decent source was that huge stones will be announced with colored stones. Not once did I ever feel comfortable with the ct/100 and never did post a definite number. I did mention that Ashton needs 20ct/100 to proceed to further sampling and a valuation would be done if 150ct were found. I had received so much mail from people claiming they heard rumors of ct/100 from as low as 20ct to 80ct/100, from brown stones to blue stones, from 2ct to 4ct. I don't ever recall saying this on this public thread but did share via PM from people who ASKED. The few sources I have confidence in never did know the counts/100ct. and I made sure the PM's/emails indicated that. Therefore, folks if you're going to play this speculative game, you must be cautious. Finally, if you don't want to hear what I have to say in confidence, DO NOT SEND ME EMAIL AND ASK as time is money and I can do other things besides replying to mail,. for the others, I don't have a problem. and if you're one of them, you know you may have sent me an email to confirm info and I would refuse as I did not know.

Being as active as I am on the net, it was expected for me to be bashed by a few. That does not bother me, newsletter writers get it all the time. Based on the few who bashed, it is real low. Thanks. Same thing happened when K91 mini bulk was released. At the time there were more bashers. When Ashton stock went to $8.00 and I was supporting the stock since $1.00 and feeding the market rumors and analysis, I don't remember ever receiving cheques in the mail from the many who made money. Isn't life a bitch! Always have said invest what you can afford to lose. Yes, I did get hit finacially in my accounts, but I am not worried, I will make it back. I should have sold it all at higher prices but don't have a crystal ball. As from the investment group, our average cost is just 20% more than what it is trading today. Thanks to a few other diamond stocks we hold in our group, we are still ahead in the game. Will be buy more Ashton? Don't know, as we need to revisit the whole play. Like John Auston quoted in one of todays paper, many were hoping on this one only pipe. YES JOHN, reread your MINI BULK RESULTS from K14 and see what you wrote. You lead us to believe that the K14 pipe had commercial strengths. How can a mini bulk expose a 1.4 carat stone and 470t expose not one over a carat. There is something about this Ashton scenario I never did trust and unfortunately don't have any official data to pursue it. Therefore, it is back to business.

If you read the face to face profile on intheloop, you'll see that I'll swing right back. I am here, like the rest of you to make money not lose it. There is also some coverage on Ashton. Check it out… intehloop.com .

Regards
Fast Frank



To: Jesse who wrote (6953)11/25/1998 10:50:00 PM
From: Famularo  Read Replies (1) | Respond to of 7966
 
This is an extraction of the K14 mini bulk NR,
some words that were used here were strong and
to some extent misleading.

The samples, totalling 27.42 tonnes in weight,
are from reverse circulation drill holes (8.17 tonnes)
and surface pits (19.25 tonnes). The seven vertical
holes were drilled at 25 metre centres along an east-west
line 150 metres in length in the south-central portion
of the main K14 magnetic anomaly. The five surface pits
are spaced irregularly along an east-west distance of 50
metres on the northern part of the main anomaly K14,
75 metres north of the drill holes. The results of
the dense media separation tests are tabulated below.

Sample Type Hole Dry weight ct/100t
# length Sample stones stones >0.8
weight >0.8ct
K-14-1 RC 88.4 1.11 0.74 67
K-14-2 RC 86.9 1.07 0.19 18
K-14-3 RC 88.2 1.10 0.12 11
K-14-4 RC 98.8 1.34 1.18 88
K-14-5 RC 86.7 1.07 0.48 45
K-14-6 RC 89.7 1.22 0.09 7
K-14-7 RC 94.3 1.26 0.19 15
Total 8.17 2.99 36

All results indicate a high variability in diamond
content over relatively short distances. Generally the
diamond contents of the pits are lower than those of
the drill holes. The drill hole samples collected over
150 metres horizontally and up to 90 metres vertically
are more representative of K14 than are the pit samples
which were collected from surface. The drill hole data
should be considered a more reliable indication of the
commercial potential of the K14 kimberlite.

The five largest stones recovered weigh 0.60, 0.30,
0.28, 0.21 and 0.18 carats.
Many of the diamonds are colourless, and there
are some coloured stones as well. The sample size
is too small however, to make any definitive comment
on quality.
There is some evidence of breakage
of stones resulting from the drilling process,
although the larger stones noted are whole.
The results are an encouraging indication that
kimberlite K14 contains a population of diamonds
of commercial size.


The above is what was reported by Ashton with the
K14 mini bulk, this latest 479t result needs some
clarrification for me. Why is it not broken up by
sample number? What were the sub sample counts from
the orginal K14C? Were samples taken from there?
Lots missing here folks. I am surprised not too many
are asking these questions. Ashton owes the market
more info. They don't tell us more than what we need
to know. Strange process and maybe this is the reason
I am following this stock so closely.

Turning the lights off for the night!

Regards
Fast Frank