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

To: BUDDY MOYNIHAN who wrote (2781)	9/23/1998 2:04:00 PM
From: average joe	Respond to of 5206

Here is a doozy!! "To: Judy Ryon Saturday, 14, 1996 11:45 ET From: Del L. Knowlton Judy, with you here there really isn't any need for me to say anything but after reading all the messages here for several months I can't resist any longer. My conversations with Don from Beijing were as clear as any call from across town but now I realize it was the flu that made him sound so different. He never mentioned anything so he is certainly working to his maximum to make all the meetings and travel comittments. Don's involvement in China will certainly open the window for further opportunities in this vast land that for so long has been in need of an injection of capital. It will be most interesting to see what comes along in the future. It has been exciting for me to see all the excitement that the Changma Diamond Mine has created among KRT investors. Our offices at Excel Asset Management have been flooded with calls from investors that have participated in the previous four private placements that we have raised for KRT. We are very bullish on Kensington and look forward to a continued strong relationship through current and future financings. The house that is short a few hundred thousand shares is trying to cover their position. It is unlikely that they will have to buy their total position off the open market even if the stock continues to be halted into the next year. This is a fairly large stock position but nothing that this house has not experienced before. Before we get too excited about the new found wealth from the Changma Mine let's do a little calculating. If we can somehow increase the yearly production to 250,000 carats from the current 45,000 or so the value of production will be in the order of $20 million US. By dividing 50% of the total production value (US$10M) by 58M shares (fully diluted) except for those from the current pp we get a cash flow of only US$0.17 per share. While we should not negate this value for it will provide cash flow that will be important to the total operation plan of KRT, it is important to understand that dividends are not likely! What is important to me and what I really feel will be the determining factor in KRT share value is the perception that 50% of diamond production is of much greater value that a 25% interest in some stones that are resting peacefully under the snows of Saskatchewan. Merry Christmas to all and won't this all be fun in '97. Del Knowlton" This is a hard one to understand, why would he point out that "dividends are not likely". The term "resting peacefully", sounds rather final. over and out - aj

To: BUDDY MOYNIHAN who wrote (2781)	9/23/1998 3:11:00 PM
From: zoli bognar	Respond to of 5206

Buddy,Our beloved dream Diamond Deposit so called KRT just slide to 12 cent. Well look like our new low will be 12 cent? The de Boer new mine my effect our share value? We have to wait until they open the diamond mine ? Will be open oct 15 1998. regards z/b