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


To: BUDDY MOYNIHAN who wrote (4496)12/14/1999 11:27:00 PM
From: Lilian Debray  Read Replies (2) | Respond to of 5206
 
Hmmm... that doesn't help the stock price any, now does it?. Well, maybe not as much as you would like, he does have control of it. Yet...

- He is not afraid of declaring his trading. Some investors like that. Makes a moot point of allegations of illegal insider trading and other defamatory accusations.
- Without a good man, how long would KRT have a share price? That may not be of any interest to people on this thread, they would be long out of it. That may interest buyers however.
- What work has backed KRT's promotion this year?
- Who would have done that work at what is IMO a substantial discount to the going rate for in-house geologists and with years in arrears to support the company?
- What is backing the promotion of other companies working in the area?

Maybe KRT shareholders don't appreciate enough how lucky they have been.

DIAMONDS

Fort a la Corne, Saskatchewan

Shane Resources holds approximately 50,000 acres in the Fort a la Corne district of Saskatchewan, which hosts one of the largest known clusters of diamondiferous kimberlite pipes in the world. Shane has recently acquired an airborne survey covering a portion of Shane's newly acquired ground that outlines several anomalies that exhibit similar features to other anomalies in the immediate vicinity that have been shown to be diamondiferous kimberlite pipes.

More importantly, recent information has been disseminated on the Fort a la Corne district indicating that up to 50% of the macrodiamonds may have been missed in the recovery process. Retesting of the tailings has commenced and results should be available by year-end. These results could completely alter the previous calculations of the economics of the numerous diamond pipes that have already been discovered in the Fort a la Corne district. The Company plans to conduct further ground geophysics over its Fort a la Corne properties in the near future, in order to properly prioritize the drilling targets.

Updated September 30, 1999