SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: heavylifter who wrote (4449)11/27/1999 8:28:00 PM
From: Bob Walsh  Read Replies (1) of 5206
 
The article by Harvey Klatt - Staff Reporter raises an interesting question: Was this a screw-up or was it intentional? I have no knowledge of the facts and I am not attempting to accuse anyone but I believe that KRT owes it's shareholders the duty to thoroughly investigate why and how this happened.

One result of the apparent under-reporting of the numbers and value of diamonds was to depress and keep depressed the price of KRT, thereby injuring shareholders.

Another result was a delay of many years in producing diamonds from the Fort a la Corne diamond project thereby possibly reducing the quantity on the international market. Here the question is even if the Fort a la Corne diamond project was in high production would the output increase the international supply by any measurable amount??

Regards,
Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext