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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: BUDDY MOYNIHAN who wrote (3069)12/1/1998 10:34:00 PM
From: E. Dita  Read Replies (3) of 5206
 
I emailed KRT and this is what they said...
>
> I have been holding this stock for now over 2 years. I was so convinced this company was going places. What is exactly going on with KRT. When will we begin to see a change for good? I'm almost convinced the dollars I invested way back is kind of lost. Do you think someone there can give me some truth?

dita

Dear Dita

Kensington is alive and well. We begin our drilling program in a few weeks. The operator of the drilling program has been changed to Monopros from Uranerz. We have drilled over 170 test holes over the past years and have very good results. Please understand that a diamond mine takes about 10 years on average to be put into production and we are in the 9th year. We expect enhanced results this year and believe that the project will turn out to be economical. The market at the moment in our opinion does not reflect the true value of Kensington. We believe that the results of this drilling
program will be reflected in higher market values. DeBeers and Cameco (our partners) are fully committed to the Fort a la Corne project as are we.
Please examine our web page (www.Kensington-Resources.com) for more
information. Thank you for your note.
Your truly

Murray Tildesley
Director

Any comments anyone???
awwwwwwwwwwwwww,
diTa
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