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

To: ORVADO who wrote (644)	10/30/1997 1:02:00 PM
From: Luke12_15	Read Replies (1) \| Respond to of 5206

Well said Orvado. If the market is driven by fear and greed then i would say KRT is being driven by fear right now. At its present rate of decline the share price will hit new lows untill MGMT does something. So what is the fear???????? #1 KRT might run out of money and lose its position in FALC. This is only valid if we assume FALC has any value otherwise who cares right. #2 FALC proves to have insignificant amounts or qualities of diamonds. If this is true then who cares about the money, cause it would be over. I find all this prattle about "shorts and sugerdaddies" to be totally superfluous. They do not control this market. Krt Share price is going down because KRT #1 has no money and #2 Can't prove up any good results from FALC. At least this what i can see. Oh and by the way if anyone out there is expecting any results from the 83000 tons of core samples before christmas your nuts. The last news release said late fall. That would place the release no earlier than december 22 and we all know how tardy KRT is with its news releases. So don't expect anything untill NOVEMBER 98 by which time I expect KRT will be DEAD unless MGMT can perform some cash miracle. Even if they do keep KRT alive I don't believe KRT can survive unless the next news/rombouts report PROVES that FALC is loaded. It is pointless for me to sell now. The difference between .20 cents and 0 cents is worth hanging on in hopes of a miracle. In short I will most likely lose my shirt. At least i still have my pants. Does anyone else out there feel like admitting to the reality which confronts us??? This has to be KRT's darkest hour. I guess i'll wait for the price to go to zero. At least then i will know we have hit bottom and the last great buying opportunity will begin. P.S. please don't kick me