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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 (2306)7/20/1998 10:02:00 AM
From: Michael Mc Donough  Read Replies (2) of 5206
 
Maher

Panic selling tends not to show up on the ask...they generally just
hit the bid prices.With the small volume trading I would not const-
itute this as "panic" selling.

With regards to the $20-30 price range...for this to happen you need
things to progress faster than the current rate of speed... it has
been done however, Aber in Oct 92 was trading at $1.50/ share and
two years later it was almost $15...and Southernera was a $1.50 at
that same time period and last year it was almost $21

Current depth

5000 .28 .29 2000
7000 .27 .38 12000
11000 .25 .40 2500
1000 .25 .60 5500
20000 .15 .61 5000

is it just me, or does there seem like a concerted effort to hold this
price in the .30 cent range...come on who would be offering 2000
shares at .29

MM
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