Juniors at ground floor and sleepers Message Board

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Gold/Mining/Energy : Juniors at ground floor and sleepers

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To: DON who wrote (108)	6/21/1997 3:38:00 PM
From: J.Mcguire	of 117

Hello all, thought i'd bring to your attention the undervalued price of Kensington ( v.krt ), hovering at about .40-.45 cents but getting a little more difficult to buy at these levels every day. The stock has run to a high of $4.90 ( May 96 ) and has now been shorted/manipulated down. Results on their massive kimberlite ore bodies have been good, they are a lot further along than Ashton is and have many more macrodiamonds as well. Ashton and Kensington's results to date have come from approx. 3 inch holes, Kensington is now in Phase 1 of the 97 drill campaign and are drilling large ( 12 and 17 inch ) holes which will provide large tonnage samples. Management has come under alot of pressure due to drop in stock price and is now being put back together again. For all those who like to roll the dice, this stock could produce the biggest multiple on one's investment over the next couple of month's. News should be out soon on new management, drilling update, etc... and could pop to .70 or .80 cent range soon, doesn't sound like a big deal but, you can only buy about half as much there. Keep a close eye and good luck! JM

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