Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Falcon095 who wrote (4870)	6/29/2000 12:31:00 AM
From: average joe	Respond to of 5206

Thanks for that link. DeBeers is fully vested at FALC. Remember Falcon that Uranerz discovered FALC, Cameco had a right to earn an interest, Monopros/DeBeers came along after and then later when the partners kept getting what they felt was sub-economic results they decided to let KRT in.

To: Falcon095 who wrote (4870)	6/29/2000 12:58:00 AM
From: gunhyun	Read Replies (1) \| Respond to of 5206

Does this article support the idea that Debeers/Mono are trying to keep a cap on the growing Canadian diamond industry for its own monopoly? It appears so because what world class company can search for 40 years and find nothing as did Debeers in Canada? In addition doesn't Kensington have a Debeers dude on the helm? I wonder if thats good or bad?

To: Falcon095 who wrote (4870)	6/29/2000 10:56:00 AM
From: Lilian Debray	Respond to of 5206

That article raises a few questions. 1) Why has De Beers made an offer for Winspear share of the Snap Lake Diamond Project if Fort A La Corne is such a great project? 2) Why is Kensington Resources capitalizing on work that it has not compensated for? And with Kensington it is grudgingly admitting that steps are being taken to re-examine the entire 1997 tailings collection in view of recent results which transform the prospectivity of the Fort a la Corne project... Kensington faces $105,100 suit Kensington Resources Ltd KRT Shares issued 24,670,435 2000-04-27 close $0.24 Thursday Apr 27 2000 by Brent Mudry Kensington Resources faces a $105,100 suit from a geological contractor. In a statement of claim filed last week in the Supreme Court of British Columbia, De Carle Geological Consultants claims it invoiced $120,600 for work done from June of 1997 to December of 1999, primarily in relation to the "FalC," or Fort a la Corne diamond project. Vancouver lawyer William Hopkins claims Kensington has only made payment of $15,500. The allegations have not yet been proven in court and a statement of defence has not yet been filed. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com. 3) Why can Kensington Resources only be financed by friends of management or prime trust groups whose members obviously do not have a clear understanding of the facts and of the risks involved nor much control over what happens to their money?