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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Mike G who wrote (4078)7/1/1999 3:19:00 PM
From: Richard Cushnie  Read Replies (2) of 5206
 
It might also be worthwhile mentioning that buyers are lined up to come into the stock once some market activity gets underway. Several groups including Mr. Allard want to get in for more stock but are waiting for market activity to do so. Financings want to be done at a higher level and as Mike said there is a group from London and also Mr. Allard who will finance the company. So put everything together and you should see a higher share price very soon.

Something that was surprising to me from the meeting that I was unaware of was that back in the Nicholson days when KRT was doing absolutely nothing the company came to within 3 days of being gone, dead, terminated. But Mr.Stone and Mr Tildesley put in their own money to save it. Now we have a company that has a program going, has funding, has big players in the stock and is going to be put back into play. If things go positively with the results we could possibly see a mine there in a few years. It was mentioned that we only need to get 100 carats from the 500-600 tonne sample to accurately determine if a mine would be viable or not. So hey, that could be one or two drill programs away.
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