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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Michael Mc Donough who wrote (2536)8/19/1998 9:24:00 PM
From: Sieg  Read Replies (2) of 5206
 
Hello all.

It seems that KRT is in no way being said to having done anything wrong by David Baines (sun Business Reporter), in his four Vancouver Sun submissions. He is bringing the reporting that Gary Stanhiser and maybe some associates are being investigated for alleged wrong doings.

It seems Mr Stanhiser may have illegally obtained money from investors and then invested this pooled money in a number of companies. One of these companies is KRT. This may be one of the reasons that we saw it trade for $4.90, a price that the market didn't feel too comfortable with.

In my opinion, since the Company and it's directors are not found to be involved, we should see it's trading price rebound when good news is brought forward. I hope the news of the drilling program, the completion of the funding requirements, and the promotion of the company facts are published soon. Unfortunately we, the investors, are learning patience the hard way. I do not think the VSE will drop much lower, certainly KRT can't.

Here's hoping that we will soon own shares in a genuine diamond mine. At this stage all investors, who have seen their net worth climb to multiples of $4.90, then fall to 2.65% of this, and now unhappily only 4.08%, are owed share values of at least $10.00 US.

It's hard to dream of $60.00 any more, but who knows?

Sieg
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