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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Michael Mc Donough who wrote (1010)1/27/1998 1:58:00 AM
From: Richard Cushnie  Read Replies (1) of 5206
 
I hear results have already been sent and received back from Rombouts
and that the JV meeting on Feb 4th will decide on how to word it in a
news release. 2nd week of february was an estimate given. Given
previous actions I would highly doubt that the news release would
come this soon.
Remember 1996? I believe they had to bounce that news release
around the different offices of Debeers in South Africa and London
and then back here for approval and then do it all again if something
was changed. But who knows maybe this time it will be different.
Assuming that the results are back and they have them in front of
them now then you would think that the party who is doing the
financing would know whether they want to do it or not right? If
you take a look at the stock it is moving up with buying every day at
the close by insiders. (look at today's last trade). In my opinion
something is definitely going to happen here to the positive side in a
major way sometime within the next 3 months. It is really hard to
predict though because of DeBeers stranglehold on KRT's News release
process.

Also, I was at the Resource show on Sunday and while there was a lot
of talk about diamonds there was absolutely no mention of diamonds in
Saskatchewan. Maybe if these results are good that will change. I
talked to the MPV lady about DeBeers' involvement with her company
and she said that they have done nothing but good and are constantly
pushing to do more work. A total contrast from what seems to be
happening here with KRT.

My chance to win the diamond necklace at the auction that evening was
to no avail but boy was it fun! The diamonds they had on auction were
sooooo cheap. You don't understand the prices they were giving these
rocks away at! And most of them didn't even get bought! I couldn't
believe it. When a 1.25ct emerald cut flawless stone is open for bid
at $7800 that is an incredible buy! If only I had the money. Or of
course if KRT comes through then we'lll all have them. ha

Any Comments?

01/26/98 - 16 Trades for KRT

Ex Time Price Change Volume Buyer Seller Marks

V Jan 26 13:25 0.31 0.01 2000 031 Global 009 Green Line T
V Jan 26 13:16 0.29 -0.01 5000 085 ScotiaMcLeod 035 Canaccord T
V Jan 26 12:35 0.25 0.01 300 077 Union 012 Nesbitt E
V Jan 26 12:35 0.31 0.01 1000 085 ScotiaMcLeod 009 Green Line T
V Jan 26 12:35 0.31 0.01 7500 085 ScotiaMcLeod 040 Majendie T
V Jan 26 12:35 0.31 0.01 500 085 ScotiaMcLeod 040 Majendie T
V Jan 26 12:35 0.30 0.01 1000 085 ScotiaMcLeod 012 Nesbitt T
V Jan 26 12:35 0.30 0.01 1500 085 ScotiaMcLeod 016 Yorkton T
V Jan 26 12:27 0.30 0.00 19000 016 Yorkton 016 Yorkton T
V Jan 26 12:24 0.30 0.00 3500 016 Yorkton 016 Yorkton T
V Jan 26 12:14 0.25 -0.02 100 077 Union 052 McDermid E
V Jan 26 12:14 0.25 -0.02 400 087 Wolverton 052 McDermid E
V Jan 26 12:14 0.28 -0.02 2000 031 Global 052 McDermid T
V Jan 26 12:14 0.28 -0.02 3000 031 Global 052 McDermid T
V Jan 26 11:52 0.28 -0.02 2000 052 McDermid 052 McDermid T
V Jan 26 11:49 0.30 0.00 1000 009 Green Line 016 Yorkton TW
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