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

To: average joe who wrote (1978)	6/12/1998 12:05:00 PM
From: Michael Mc Donough	Read Replies (1) \| Respond to of 5206

Canada Stockwatch - West Ed. Int'l News & Research Servic Page 1 of 1 Sequence Number : 80 Story Date : 98/06 1. 07:04 KRT KENSINGTON RESOURCES LTD Delinquent Filer Kensington Resources Ltd Shares issued 23,966,435 Jun 11 close $0.32 Fri 12 Jun 98 Delinquent Filer The superintendent of brokers advises that the company is delinquent for interim financials dated March 1998. Dir's: Jones George, Stone David H, Wescott Alfred Victor, deCarle Arthur (c) Copyright 1998 Canjex Publishing Ltd.

To: average joe who wrote (1978)	6/12/1998 12:30:00 PM
From: Miles	Read Replies (1) \| Respond to of 5206

You say <<the problem is there is nothing to trigger development in the JV>> I don't know how you come to that conclusion but give me a break. If they do prove an economic deposit, and make plans for a mine, do you really think they will have trouble raising money? I don't think so. Anyway, I don't think it would ever come to that. Debeers would most likely make an offer to buy them out before plans for a mine were even laid out on the table. They would want total control and would not risk giving some of it up to someone else. They would probably tender the offer early to possibly buy them out at a cheaper price, or so they would hope.