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

To: Zeev Hed who wrote (1576)	4/13/1998 12:49:00 AM
From: mf160	Respond to of 5206

If I may We are at 40 cents and were as low as 15 cents for two simple reasons Neither of which had to do with the value of the property. The reasons were 1)Money - for a time it looked like KRT was not going to have the cash to proceed and the possibility of losing FALC was very real even though no one really talked about it. As a matter of fact there is still some question of money as we have seen with this delayed PP announcement. 2)Management - the have performed like total amateurs and have been screwed around for over two years because the diamond dream got to their head and they wanted to be the next diamet. This was demonstrated by the deal with the Par shares Krt could have done plenty to protect our 1 mil once they realized we were going to get paper. Instead they started dreaming of diamonds again and now our Mil is worth approximately 1/10 th. Which in turn contributed to point #1. Once they show that their focus is on FALC and FALC alone and that financing is in hand and not being wasted we will move up KRT has been its worst enemy, they have shot their foot completely off and have not died so the recovery is next if not happening as we type. good luck Moreno