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

To: Michael Mc Donough who wrote (2227)	7/8/1998 3:14:00 PM
From: Miles	Respond to of 5206

Michael, I would not would not take this as negative (oh no, here I go again being positive), if it was open market trading then I might worry but I spoke with Cam and David about this a while back. What I was told was that at times they are exercising options ( I believe there was still standing around 27cents or so) to build up the treasury, pay additional bills, and look at hiring office staff, new IR etc. The $115,000 from the pp just adds to this. With the drill program coming up they may be trying to provide a safety net for additional funds. That's my take?