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

To: ruben azcona who wrote (2393)	7/30/1998 11:03:00 PM
From: Chad Barrett	Read Replies (2) \| Respond to of 5206

Well everyone.... I still hold plenty o'shares of KRT... waiting... and waiting... and waiting... I invested more in KRT than I did in any other junior mining company (man was I a sucker)... luckily my average is only around $1.00... I might average down on that at some point... (actually... I may blow out my shares sometime and then try to reposition when the stock bottoms out again...) I have watched the "activity" over the last few months... with the quick run to .65... and the slow fall back down.... I DO believe that was our "promotion" cycle for this year...unfortunately... There really isn't anything to push this stock higher right now... it is in BAD shape...waaaaaay too much uncertainty! Right now I am just waiting to hear that they have miraculously come up with the money for the drilling (which I do believe they will get... it is only $400,000'ish... not much in mining terms....) However, I will be curious to see how many shares we get to dilute us... (not that I think it really matters much at this point........ ) Soooooo.... although I would love for the "market" to suddenly have the revelation that most of us here have already had (that KRT is sitting on a future economic diamond mine at FALC)... this stock price will suffer! The drilling will start... we might get a bit of a blip there... (with the money being raised for it... but don't expect it to go up much before that... because whoever is forking out that money would want a low share price for their shares... right?) ... next along the line is a LONG wait for results... we know the drill there.... that will be the time when we might get a nice run again... it all depends on the results... We need some great results though... lets not kid ourselves! The "same" results just won't do it... they may be economic... but they won't SCREAM out that they are... We need to get some definite results... HEY!!! ISN'T THAT THE PHASE WE ARE SUPPOSED TO BE AT BY NOW????? DAVID STONE... ARE YOU LISTENING??? I WOULD LOVE TO KNOW IF THIS SEASONS DRILL PROGRAM IS ACTUALLY GOING TO BE A BULK SAMPLE FROM ONE (OR MORE) OF THE PIPES TO SEE IF IT IS ECONOMIC TO MINE... PERIOD! We have put holes in pretty much every kimberlite we have... (all but 1 I think?) I know our JV partners may not be in a hurry... but..... I honestly believe that until this project gets to the point where they finally test a pipe for economic feasibility... this stock may never "fly" again... just "blip" around.......... ... don't get me wrong... I'm going to keep following it know matter what... but... I also am wise enough to realize now that it could be years before they finally get to that point.... (if they ever do... ) Sorry for this rambling everyone... I haven't posted here in a while.. but I just looked at KRT's chart and I guess I had a moment of "Clarity"......... ? BUDDY - Since you probably know what the drill plans are for this season.... could you please let us know? (Or have they not really announced precisely what they are doing yet... ie. what pipes? what type of drilling? Are they finallyd doing a BULK sample that will be MEANINGFUL!!!) If nobody seems to have these answers... I would ask that someone PLEASE ask DS... I know some of you actually are priveledged enough to get him on the phone on occassion.......... Thanks to anyone who provides some useful facts about the companies upcoming plans....... Chad