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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 (3012)	11/10/1998 9:29:00 AM
From: BUDDY MOYNIHAN	Read Replies (1) \| Respond to of 5206

hello michael and all: mm - 3012 - the holdup is an economic one mm. from what i understand (and someone i hope will correct me if my understanding is inaccurate) the investors get 45 days to put their money in to complete the pp. to date krt has received about 320k of the 398k. the drill program will be 315k (about) so now krt hands the money to cameco and the expected drilling is scheduled to start by early december, maybe earlier (late november would be the earliest). the investors want to put in their money closer to the 45 day date as this would mean their shares are not free trading (the aif has been approved as has the pp) for then 2.5 months as opposed to the full 4 months. of course i am waiting for a news release to verify the above. i hope it comes shortly, i hope this helps, buddy.