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Gold/Mining/Energy : Kensington Resources

KRT 24.47

+2.0%

Jan 30 9:30 AM EST

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To: Simon Sichewski who wrote (76)	6/3/1996 2:33:00 AM
From: olduser	of 5597

We agree on the facts but .... You said there is a 60 % chance of becoming a mine. I then say there is a 40 % chance that this will not happen. Even DeBeers cannot change the laws of probability. Previous 1995 mini sampling results have already shown existance of macrodiamonds up to 0.9 carats. This is what I mean nothing new, but news does confirm previous results and increases the confidence level that diamond weights are consistent in pipes. How market will react on Monday is anyone's guess. Share price should at least hold as news is ok. Since many people are getting too excited re the news release, I thought I would be the bad guy and remind everyone there are always 2 sides to a coin. Bottom line : Yes you can win big, but be prepared to lose it all. Previous diamond companies I mentioned were at the large bulk tonnage sampling stage when the share prices becomes pennies.

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