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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: mf160 who wrote (1968)6/12/1998 11:40:00 AM
From: average joe  Read Replies (2) of 5206
 
Hello mf160 -

I still believe there is some small merit to the play.
There are still about ten kimberlites that have not been
drilled and these may yet produce larger stones.
The problem is there is nothing to trigger a development
in the joint venture between the parties like in most
normal exploration plays. Further, if there was and KRT
had to raise it's share of a development, ($175 million)
which I suppose is a good thing, because that would crater
KRT. Don't get your hopes up that DeBeer's would buy them
out, they would just ask them to ante up fast, when they did
not they would be knocked out of the JV back to la la land.
What a bunch of bloody incompetents!!!!

over and out - aj

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