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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Falcon095 who wrote (4870)6/29/2000 10:56:00 AM
From: Lilian Debray   of 5206
 
That article raises a few questions.

1) Why has De Beers made an offer for Winspear share of the Snap Lake Diamond Project if Fort A La Corne is such a great project?

2) Why is Kensington Resources capitalizing on work that it has not compensated for?

And with Kensington it is grudgingly admitting that steps are being taken to re-examine the entire 1997 tailings collection in view of recent results which transform the prospectivity of the Fort a la Corne project...

Kensington faces $105,100 suit
Kensington Resources Ltd KRT
Shares issued 24,670,435 2000-04-27 close $0.24
Thursday Apr 27 2000
by Brent Mudry
Kensington Resources faces a $105,100 suit from a geological contractor. In a statement of claim filed last week in the Supreme Court of British Columbia, De Carle Geological Consultants claims it invoiced $120,600 for work done from June of 1997 to December of 1999, primarily in relation to the "FalC," or Fort a la Corne diamond project.
Vancouver lawyer William Hopkins claims Kensington has only made payment of $15,500. The allegations have not yet been proven in court and a statement of defence has not yet been filed.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com.

3) Why can Kensington Resources only be financed by friends of management or prime trust groups whose members obviously do not have a clear understanding of the facts and of the risks involved nor much control over what happens to their money?
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