Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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

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To: Miles who wrote (2028)	6/16/1998 12:14:00 AM
From: average joe	Read Replies (1) of 5206

Hello Miles - No I am talking about the KRT interest in the FALC jv. Suppose KRT owns 1/3 interest right now and suppose they owe to the jv $500,000.00 for their share of current expense. How long do they have to pay their 1/3 share before they suffer dilution if they can't pay. In other words how soon do they have before their 1/3 third slips to a 1/4, etc.. This is the danger of a junior playing with majors, if they can't come up with the cash they are not bought out they are knocked out. I am worried that if they are delinquent for filing with the VSE they might be delinquent with the jv. over and out - aj

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