ACA-t...in the news:
Kaiser says keep the faith in Ashton Mining
Wed 13 Feb 2002
John Kaiser, writing in a Bottom-Fish Tracker on Feb. 12, says Ashton's
Friday sell-off was a temporary aberration and irrelevant to an overall
very favourable big picture. Mr. Kaiser recommended Ashton in December,
1999, at 53 cents; he also made four earlier buy tips ranging from $1.15 in
April, 1996, to 50 cents in October, 1999. On Friday, not long after Mr.
Kaiser warned that Ashton's market at $4.10 was ahead of itself, investors
sent the shares skidding to an intraday low of $2.56 before recovering
somewhat to $2.92. Prompting the sell-off were results from the Artemisia
pipe, but the letter writer contends the market was looking for an excuse
to sell. The Ashton market is vulnerable to a further breakdown if
shareholders fail to put the latest Artemisia news into proper perspective,
he warns. "Insofar as misguided speculators held high expectations for the
mini-bulk sample, the stock's negative reaction to the Artemisia results
makes sense," Mr. Kaiser said, adding that those who think the apparent
evaporation of the Artemisia pipe need to be reminded that Ashton as
upcoming drill programs in three distinct regions -- north Slave, Alberta
and Quebec. |
