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


To: Jesse who wrote (7198)3/13/1999 10:27:00 AM
From: Jimsy  Respond to of 7966
 
Jesse - by Jove if they gonna spend $7 million of our yes our money, they better find something.

The $7 million is NOT Ashtons money, it is the hard earned monies of investors who get up early every morning, work at some earnings related endeavour, and decide to place some money in the various financings of these junior resource companies.

If Ashton was your employee, and you gave him $7million, you would expect that employee to come back with something, not just spend the $7 million, and come back asking for more. You might even be inclined to fire the employee for such actions.

So it is with all these juniors, they are using our (investors) monies, not monies that they have earned, and we the investors expect these guys to dam well get their asses in gear and produce something for our earnings investments.

Thare, I've been pretty blunt, but I expect Ashton isn't the only company that should understand that the key to their success is the funding from the investors that pay their salaries, pay for their offices, exploration geophysics, exploration drilling, their vacations, food for their wife, kids, family, dog, and cat.



To: Jesse who wrote (7198)3/13/1999 10:50:00 AM
From: Jimsy  Read Replies (1) | Respond to of 7966
 
Jesse - supplementary, I was just thinking, wonder if we could develop a spreadsheet of the individuals and companies that have used up the most amount of public investors money, and say arrange it in descending order.

Of course in some cases there might be some offsetting value in the findings depending on who evaluated them.

Like some companies and exploration types just continue to waste away money on poor projects with no accountability other than eventually its all gone, and hopefully they will get another financing, and if not just move on to another company and do it again, and again, and again, and again.