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 Mon Feb 7, 2000
Excerpt from Bottom-Fish Action for week of Jan 24-Feb 4, 2000
    Publisher: Kaiser Research Online
    Author: Copyright 2000 John A Kaiser

 Excerpt from Bottom-Fish Action for week of Jan 24-Feb 4, 2000

Ascot Resources Ltd (AOT-V: $0.11)
Low Priority BF Buy ($0.10-$0.19) for 2000

Ascot Resources Ltd (AOT-V) has dropped its Smoker project in southeastern British Columbia after a deep drill hole last year encountered a dyke in the area where Sullivan Two was supposed to be. Management indicates that it has not killed the target, but it is obviously not compelling enough to justify further work in the current market. Ascot is still waiting to hear from De Beers about its plans for the Victoria Island project, along with caustic fusion results from some of last year's new kimberlite discoveries. A big question is what Ascot is going to do with itself. Management never did emerge from its meeting to return my call, which is often a sign that something good might soon happen.


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