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

To: tom eland who wrote (3239)	1/28/1999 2:22:00 AM
From: Richard Cushnie	Read Replies (2) \| Respond to of 5206

The news release should be out any day. I believe the reason for the downdip today was to clean up the stock a bit before they do the big move. The time frame I believe (if I am wrong correct me please) is ~30 days to drill and then anywhere from 1-2 months for results. So they got a lot of time to get this thing to a support level and hold it there while they weed out the weak holders and then push it strongly to who knows where (>$1 maybe). I'm waiting for it to fall back to around the 27 support to get some more but am not sure if that will happen. It is possible that the news release of drilling this week could push it higher but I think that this recent run was for the anticipation of that release. So who knows eh!? What we all know is that they got millions of stock from pp and warrants at 15 cents that they need to sell into volume and that hasn't happened yet so we wait. Later