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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Maher Sid-Ahmed who wrote (2297)7/16/1998 2:28:00 PM
From: Lilian Debray   of 5206
 
The objective of posting that observation was mostly to reclaim this thread for the discussion of information on KRT. The conversation has been so sidetracked that it is not an easy task. Your post however raises some interesting points that deserve reflection. Here are a few of my thoughts at the moment.

It is true that the amount of money going into juniors in general, and mining in particular, is trivial at the moment. This is not a popular sector. Investors are in no hurry, especially during the summer months.

If we look back over the past year, KRT seems to have stuck to one plan for the past year: focusing on FALC and getting more people with credibility and the right background on board before looking for major financing. This has taken more time than originally anticipated. Parts of that plan were obviously dead ends. Some have worked out. Others are said to be in the works.

In the present market conditions, setting that order of priorities has likely been smart.

When you see so many aggressive junior and intermediate companies crushed by the conditions of their financing, being in no big hurry to do anything has turned out to be a blessing. That could account for the stability of KRT stock price which, as you say, would be free to bounce back on good news.

As the saying goes patience is usually rewarded? Anyway, this is one more good reason to spend more time enjoying the summer.
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