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: Lilian Debray who wrote (2295)	7/15/1998 6:28:00 PM
From: Maher Sid-Ahmed	Read Replies (2) of 5206

Re: "House Positions for KRT from 06/29/98 to 07/14/98." The amount of money invested by these houses in KRT is trivial relative to what institutional buyers would normally go for. It seems the market is indifferent to mining companies especially the ones with weak cash position and no clear plan. Look at BGO down to $1.80 from $14, PUG down to $0.11 (taking reverse 5:1 split into account) from a high of $0.55, LSE down to $0.02 from a high of $1.40, etc. These are the ones I follow, but I am sure they represent the general state of the market for penny stocks. On the other hand most large cap stocks have tripled or quadrupled in the last year. KRT has management which seem to be in no hurry to do anything. In spite of that KRT share price has held its value around $0.30 which is down from a high of $4.90. If management does a good promotional job and come-up with convincing statements regarding future financing of upcoming cash calls on the Falc, then we may see $1 before the end of summer, otherwise the share price will go no where. Maher

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