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

To: Richard Cushnie who wrote (688)	11/14/1997 6:21:00 PM
From: Rick Seavey	Respond to of 5206

Sorry to sound dumb but I have been traveling since July and have been unable to keep up to date on the Kensington situation. In reading back through the thread the company seems to be woefully short of money and at the current share price can not raise much without severely diluting the worth of the company. Is there any exploratory work being done at the current time? Does anyone know what the other Fort a la Corne partners' attitude is to the cash situation at Kensington, especially cash rich Monopros? For instance, could the other partners vote to embark upon a 5 million dollar drilling project and when Kensington can"t come up with the money to pay their share, take over Kensington's ownership in the project? Somewhere back in the thread someone said that Monopros was eager to accelerate the exploratory process. Could this be the reason? If I were Monopros and believed that the project was for real, it sure would be tempting to obtain Kensington's share for nothing if such a scenario were possible.