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: maxed who wrote (2129)	6/27/1998 12:17:00 PM
From: Michael Mc Donough	Read Replies (2) of 5206

Those three trades for 120,000 shares were not put into the market. You and I had no opportunity to buy those shares nor to sell into that market at .33 I view Global primarily as a market maker. They do not aggressively buy shares, but they will scoop shares up by sellers at the bid price, and they will sometime uptick the stock at days end. My opinion is these shares were marketed to a buyer ahead of time. The fact the Global is the seller means probably the only place to get size is from Global. Anytime I see volume with an upward movement in price, I see that as a positive, but I have been so wrong with stock in the past....who really knows what's going on. What we really need is buyers to start picking off the ask prices. This has not been evident at all over the past month and given the light trading volume of Krt is a concern for me. Of interest is the trading pattern in Wsp over the last week. Shows how quick a stock can move from .45 (like Krt) to $1.60 (wishful thinking). Shows what working capital, John Kaiser and drill results can do. Anyone on this thread going to the AGM? MM

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