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

To: Luke12_15 who wrote (1947)	6/10/1998 1:14:00 AM
From: Lilian Debray	Read Replies (1) \| Respond to of 5206

See Tue Mar 1 1994 News Release: Large Number of Shallow Anomalies Defined on Molanosa Arch Property CM Oliver (back in Feb '96) reported that Kensington has varying interests between 50 and 100% in the Molanosa Project: 180,000 hectares between Candle Lake and Montreal Lake, adjacent to the Kennecott/War Eagle and Mountain Province/Consolidated Pine Channel Gold Corp joint ventures. exchange2000.com " Most of the diamond properties are in an area running across the province between latitudes 53ø and 55ø which includes Fort-…-la-Corne (FALC), the Pasquia Hills, Molanosa Arch, and Candle, Sturgeon, Smoothstone, and Wapawekka lakes. Although the two largest 1996 drill projects tested the FALC kimberlite cluster and its north extension into the Candle Lake area, more than one dozen other companies have drilled or expect to drill in a total of nine joint venture programs." Saskatchewan Energy and Mines - 1997

To: Luke12_15 who wrote (1947)	6/10/1998 11:27:00 AM
From: Maher Sid-Ahmed	Read Replies (1) \| Respond to of 5206

The best thing to do is phone KRT at 604-681-0377 and ask for David Stone. Regarding the going concern statement made by the auditors that is the same statement you will find in most reports on speculative companies (that is why they are called speculative.) How KRT will come up with the necessary cash to continue either in the Falc or Clearwater is a mystery to me. Anyway, I raised that question, more than once, in the last year or so with KRT personal on the phone and I was told that the Falc has "buckets of diamonds" and they are not going to let that project slip away. David Stone told me that he personally has invested a lot and he has no intention of losing money on his shares. Some of his shares he said were bought at $4. Anyway, I had another company with money problems and a going concern clause made by their auditors and the share price jumped from $0.60 to $5 in a very short time for no obvious reason. No one knows how the market will react at any particular moment. Maher

To: Luke12_15 who wrote (1947)	6/10/1998 12:07:00 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 5206

The auditors report is standard for the Industry...if you have no Revenue and you depend on financings for exploration cash, you ARE a going concern.... China deal was a cash drain to the extreme, but it is a done deal, onward and upwards(?).....Last time I spoke to Stone about clearwater he indicated that they are likely to renegotiate the Clearwater JV earn-in as neither KRT or Cameco have much interest in it at this time...feasibilty and development? Who cares..way down the road...KRT needs cash and more drilling and some management improvements..other than that we are in good shape.... EW

To: Luke12_15 who wrote (1947)	6/13/1998 12:42:00 PM
From: Luke12_15	Read Replies (1) \| Respond to of 5206

Thanks to all who have responded to my post. Is KRT going to use some of the recent financing to fund a promo/hype??? Perhaps they will try and get the stock price up and generate enough interest in KRT to then do another PP at a higher price???? I suspect that is the only way they will have enough money to continue funding the drilling for this year. I just wonder if they are short on money how can they justify spending any on promotion unless they plan to try another PP???? hmmmmm more dilution. Who the hell cares if they are a day or two late filing some stupid paperwork!!! with the VSE. I say keep them waiting. God they have kept us all waiting in the past!! Ladies and gentleman there is only one real issue here that still needs to be proven! Carats per ton of kimberlite Despite the impressive size of FALC if those carat numbers don't improve we are in trouble. right now all we have is around a quarter carat per ton. YES that could be mined at a profit but only if all the variables remain the same. If any of those variables change ie if the price for diamonds goes down. Then the operation loses money. NO company is going to risk that. A company is only going to go into operation if the chance for failue is very very low. IE like if FALC had 2 or more carats per ton. Then we would all be rich i assure you. Untill/unless that happens KRT/we will struggle. Especially if it cant do a PP. I think we are all aware how problematical a PP for any resource company is right now. I believe KRT must also come up with around 600,000 dollars for the clearwater project on or before September 18 1998 .... that is very soon. Perhaps the PAR shares will be worth that much by then.... Hmmmmm note to self, short PAR in august. I sure hope our new lean board of dir. can keep us going through this years drilling program........ Oh yea is there any word on that yet?? We are definitely a "diamond in the rough" so here is my 2 cents I think KRT should promote and hype like crazy untill the price goes above $2.00 and then they should PP the hell out of it to get all the money they need to cover ALL costs at least for this year and some of next year. With any luck this years drilling will give us what we want. LOTS and lots of carats!! J. Steve J.