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: Maher Sid-Ahmed who wrote (2351)	7/24/1998 11:11:00 AM
From: Michael Mc Donough	Read Replies (1) of 5206

Looks like everyone is getting a little testy out there! Remember a couple of things. 1. the VSE index has declined from 1472 (june 96) to 505 (july 98) that is a drop of 65%. so on average, if you had a stock of $2 in june of 96 it is worth .70 today. many of stories are worse...Arizona Star $17.50 to $1.21 (93%)...Barkhor .38 to .04 (89%)... I list these two because I have had some interest in them over the last two years...so Kensington is similar to a dime a dozen stories out there in the last two years...so any reference to Clive Newall being somekind of wonderkid during 1996 I roll my eyes at...he was simply in the right place at the right time...we could have had a monkey with a shovel running the company that year and investors could have made money (with apologies to D Stone) 2. 1996 was a hot junior market.. as evidenced by the prices of any junior in 1996 they were far more than what they were at today. A release of mediocore drill results brought a great deal of fanfare..today decent drill results get just a yawn from the market (shore gold) 3. financing (which we so desperately need for Krt) is hard to raise in this type of market...investors want to see returns and in this market it is tough to guarantee anything...no financing,no drilling, no drilling, no volume, no volume, no stock movment, no stock movement one group of angry shareholders 4. this market will turn...(honest) and if you believe the adage to buy when no one wants it and sell when everyone wants it..it is obvious from that standpoint what to do now (krt traded over 6 million shares in June 96 and 500K last month) true it may be dead money for six months maybe two years, but there is a chance to make a lot of money in this market..so if you are selling your shares here, you are following true market psychology... 5. if they don't raise the necessary funds and drill in Sept the above may all be a moot point regardless... MM as a sidenote, I am still intrigued by the block trades that seem to take place on a regular basis (100K shares traded Wed on four trades)..retail interest in this play seems to have died??!!

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