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

To: Grant Baker who wrote (2730)9/17/1998 3:00:00 PM
From: joe minten  Read Replies (2) | Respond to of 5206
 
Hi Grant. I asked DS about this about a month ago. He was not sure how it would work out. He felt that the extra 10% should be split evenly amongst the jv partners. However, I have not heard anything as to a conclusion. My guess is that Cameco has 40% at this time, with the other 2 having 30% each. Even if they agree to split the 10%, where would KRT get the money to purchase their part? - Cameco wouldn't be expected to give it away. I, too, would like to see this resolved, and published along with, or prior to any drilling news. What are the chances? YUCK! Take care... joe



To: Grant Baker who wrote (2730)9/17/1998 9:59:00 PM
From: Lilian Debray  Respond to of 5206
 
Joe is right: 40% Cameco, 30% Kensington, 30% Monopros. It also means that, until other arrangements are made, Cameco will likely be the operator for any drilling at FALC.


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