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


To: Lilian Debray who wrote (1875)5/27/1998 7:41:00 PM
From: J.Mcguire  Read Replies (1) | Respond to of 5206
 
Hi Lilian, that may be true, but, what he didn't tell you was that
he probably sold 2 million dollars worth in May and June of 96.
By the way Walter, exactly which professional, competent
manager gave you all that great insider information?

JM



To: Lilian Debray who wrote (1875)5/27/1998 10:40:00 PM
From: Maher Sid-Ahmed  Read Replies (1) | Respond to of 5206
 
"David Stone said that he and friends/relatives have invested over a million dollars in KRT" " Do you have any evidence that this is true? "

None whatsoever except that in a phone conversation to DS in which I was expressing fear that the company may go under because of lack of cash, he responded with the statement you've referred to. This conversation took place a few months ago when the share price was in the low $0.30's and before it took a leap to $0.60+. He even stated that he has investors who understand the value of the Falc and are willing to assist the company financially. Maybe these are the ones who have been accumulating stocks lately - I don't know, I am just guessing. Anyway you can phone KRT and ask for DS yourself. You will find that he is an intelligent and easy person to talk to. I believe he is honest. I just don't understand why a manager who can describe the value of KRT so well is not taking any action when it comes to promotion or public news releases regarding the properties. At least he should refer to KRT's web site in a small advertisement in the Globe and Mail or FP indicating the potential of the Falc as a commercially viable diamond mine. Anyway, I am in a wait and see mode like everyone else. I don't dream of what could be. This is to me so far dead money and who knows miracles do happen and maybe one day soon the share price goes to over $1. I think there is a lot of worry on this thread - you know the old saying: "If you worry you die. If you don't worry you die. So why worry?" Keep the faith, there are commercially viable diamonds in the Falc otherwise DeBeers would not be involved.

Maher