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Microcap & Penny Stocks : Kenrich Mining
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To: robert b who wrote (13)8/10/1998 12:20:00 AM
From: Hank  Read Replies (2) of 36
 
I met with John Kowalchuck, exploration geologist for Kenrich. He's very positive on the properties and is heading up this week to report on the look of the core as it comes up. He doesn't think we'll see any lab results until next month, but figures if the cores are anything like Eskay, it won't be hard to tell if they have a mine or not. He thinks that there is at least one if not four mines potential mines on their properties. Why else is Homestake throwing millions at this. This may be the last chance to load up the shares.

I was also told that the reason behind the sell off of shares last week was that an institution, under new management, out of the US decided to unload "speculative" VSE shares. 400,000 shares that were purchased at over $1.00 were unloaded over a 5 day period. The market absorbed the entire bunch.

This looks like a smart bunch of guys who are going to either be bought out shortly by Homestake or Prime, or have a $10 share price very shortly. Here's hoping anyways.
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