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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Luke12_15 who wrote (1947)6/10/1998 11:27:00 AM
From: Maher Sid-Ahmed  Read Replies (1) of 5206
 
The best thing to do is phone KRT at 604-681-0377 and ask for David Stone. Regarding the going concern statement made by the auditors that is the same statement you will find in most reports on speculative companies (that is why they are called speculative.) How KRT will come up with the necessary cash to continue either in the Falc or Clearwater is a mystery to me. Anyway, I raised that question, more than once, in the last year or so with KRT personal on the phone and I was told that the Falc has "buckets of diamonds" and they are not going to let that project slip away. David Stone told me that he personally has invested a lot and he has no intention of losing money on his shares. Some of his shares he said were bought at $4. Anyway, I had another company with money problems and a going concern clause made by their auditors and the share price jumped from $0.60 to $5 in a very short time for no obvious reason. No one knows how the market will react at any particular moment.

Maher
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