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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: tom eland who wrote (4030)	6/22/1999 2:24:00 PM
From: Ross Mickey	Read Replies (2) \| Respond to of 5206

Some questions which came up as I read the annual report. Who is CDS with 19,641,623 shares or 66.9% of outstanding? Who is CEDE & CO. with 6,551,676 shares or 22.3% of outstanding? Did I miss the announcement of KRT abandoning the Clearwater project and writeoff of $901,140? Is it true that KRT still owes $108,647 to the operator for the 1999 drill program or has that been paid? I thought the mini-bulk samples were being analyzed in Canada but the annual report states that DeBeers S.A. will be doing the microdiamond recoveries. And I love these statements..."The Company has incurred losses since inception and had a working capital deficiency of $258,589. These factors create significant doubt as to the ability of the Company to continue as a going concern." Best of Luck, Ross