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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 (1222)2/24/1998 11:19:00 PM
From: Miles  Read Replies (1) of 5206
 
UPDATE

I don't quite understand why you feel the volume was a myth? There is obviously some good news on the way, or we would not have moved at all over the last 2 weeks. We should consolidate around this level, there doesn't seem to be any selling as the market is waiting to see some news. I just spoke with D Stone tonight and I pleaded with him that we need to get the results out quick. We should see something soon as they are being bounced back and forth between the companies. Each company has a copy of the results. It is not being put together solely by Monopros, it is a joint effort between the companies. An interesting note, as far as Cameco goes, I won't say too much but they are not officially out of the picture yet. It is also my understanding that the share price will be supported at these levels, and don't expect it to stay this low for too long, I totally agree with Richard that the market has positioned itself for a major run. If the news was to be bad, number one, we would not see a spike in volume or price, and if it was a myth, we would see some immediate selling pushing it back down to 30cents.
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