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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: Steve Rose who wrote (1351)3/19/1998 12:36:00 AM
From: Miles  Read Replies (1) of 5206
 
Bottom line, in the short term I expect to see an appreciation in the stock, how much I'm not all that sure. There may be a ways to go before anyone sees the true potential of the property but decent results and speculation will push it much higher. Look at Ashton, they have a loooooong ways to go before they prove anything, I don't think they have even had valuations done yet, and they are trading at $4+. If KRT lets an mining guru to get ahold of the results to do an independent write-up, the exposure will drive the market wild. I would not be surprised to see the stock trading above 80cents+ by the end of April. I like comparing us to the Alberta plays because I think it makes us look all the more attractive. When people realize that Debeers is going ahead with a major bulk sample, where would you want to have your money, in Montello that has found nothing yet (trading at the same price, or Ashton that has had good results but nothing to prove a mine and trading at 10 times KRT's price ). I think the risk reward is in KRT's favour. I feel pretty secure about this investment and thank my lucky stars that I was buying in the 17-42cent range. Lets think about this fact for a moment, if ScotiaMc is linked to D.S and they have been buying up stock over the last month or so, where do you think the stock is heading? Should be an easy answer.
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