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

To: Moe who wrote (1500)	4/1/1998 10:13:00 AM
From: BUDDY MOYNIHAN	Read Replies (1) \| Respond to of 5206

hello moe and all: eric - 1484 - actually it's not a waste of time in total.... debeers and uranerz (mostly debeers) thought the new drilling was the cat's.... but this proved them wrong.... two positives out of this release. first, debeers will do at most half of the analyzing of core taken out this year. this is great. the results will come back quicker. of course we'll still have the delays but the results won't be one of them. the second positive is the drilling will be the old fashion way. drill a hole and take out all of the core.... i should stick my head in tax returns for 2 weeks too.... - ducks - 1486 - miles has the inside scoop on the pp. i'll call today and find out. promotion will get this puppy going. i hope it starts soon... if a group of people just put in 400k i don't see why the stock will go down.... caveat, this is krt and it defies most logic... - lilian - 1488 - yes and no.... "rumor" has it they only took out 20% of the tracers which wasn't enough in their opinion. i would believe you multiply the actual results by 5 to get "believed" results.... of course debeers won't let this happen so imho the tracer program was a failure (for krt shareholders).... instead we get results (actual) while only 20% (rumor) of the simulants are found..... i asked if they thought the tracers were easier to get out (of the airblasted holes) than the diamonds. they weren't sure. we therefore could of only gotten 10% of the diamonds out or 30%..... the fact that my question went unanswered is why i determined it a failure.... it's just my thoughts... - t lamos - 1493 - might as well cross the toes while you are at it.... - miles - 1499 - if it is filled for the full 400k then i'll be very happy. i hope your source is good... - buddy

To: Moe who wrote (1500)	4/1/1998 5:08:00 PM
From: Miles	Read Replies (2) \| Respond to of 5206

I spoke with D.S yesterday and Cam G. today. Both told me that the pp is done and the money should be in their hands today or tomorrow. The VSE extended the deadline because they were playing with the warrants. The money will be used for promotion, also they are hiring some more office staff, like an official IR person etc. This company has had no money to promote in over a 1 1/2 so it will help. They are also about 80% finished their CD Rom. Flow through warrants will be used to fund the drill program(around $600,000) to be done around the end of the month or so. They are trying to get everything in place and hope to put out more news etc. I expressed my concern about the lack of news......I was told that after the pp and mgt announcements they will put out more than just a pitiful 6 news releases/yr like 97. Global is not the only house the insiders trade out of and they have been buying.....But enough talk.....more action...! Without any kind of promotion, especially on the VSE, a stock will go nowhere, so hopefully they put the money to good use! This is the first time in a long while the co. has had any money, and Debeers is finally allowing more freedom..I guess time will tell. Just a little side note, the VSE was down for a good part of the day if anyone was wondering, I guess technical problems.