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


To: Moe who wrote (3263)1/30/1999 1:39:00 PM
From: D. Dewar  Respond to of 5206
 
The problem here, and its the same with all these resource companies
is the shareholders don't know what the hell is going on. What drilling
is being done, what are future drilling plans, what are Debeers plans.
It's not that their lying to us, their just not telling us what the plans are.

DD



To: Moe who wrote (3263)1/30/1999 2:19:00 PM
From: tom eland  Read Replies (1) | Respond to of 5206
 
This Is a fair and just call. I advised my friends and knew like yourselves this stock would double or triple after the tax dumping of December. I believe and know some of us did and buy more in confidence. We also knew the drilling program would cause a run. I am not here to gain back a krt loss but find out what in the ground!!!!! I have been here for a year and trying to learn more about the wonderful expertise and abilities that has attracted me to this thread, that is why I still hold my shares and believe me we have a potential mine, if we are all wrong lets take our hard work and abilities and assets to another company and find our mine. I thank one and all for you support, help and friendship. Stone, I know totally ignores the share holders why???????? tom

P.S. Lilian and A.J.thanks for helping me in my quest of knowledge!!!! I will try and pay everyone back with learned experience and help!!! In your confidence.tom



To: Moe who wrote (3263)1/30/1999 4:48:00 PM
From: Lilian Debray  Read Replies (2) | Respond to of 5206
 
More than any other, this Company desperately needs to rebuilt trust and confidence in investors and creditors. This is surely not the best way to do it.

Nobody begrudges anyone the right to look out for number one, but isn't it poor judgement on the part of a President to establish a pattern showing him consistently among the very few privileged beneficiaries of the most favorable terms on options, debt settlements and private placements? Aren't those practices divisive and indicative of the fact that the Executive has the wrong focus?

The excellent points you raise seem only to confirm that:
- If it wasn't for those guys, would the Company have been placed in such predicament two years ago? Would it be continuously walking a tight rope and have so much difficulty attracting and keeping the right people and raising finances?
- Who will participate in a private placement at $.55 or even $.30 while the President waits for the share price to be driven down to $.15 through his own inaction?
- What incentive is there to work for a Company in which the President gets options at $.27 exercisable immediately while the rest of the crew has to wait until the stock price is run up again to get worthless options?
- What investor will buy shares on good news if two years of precedents have established that the President will let the price fall back again for his own benefit?
- Why is the stock being diluted at this extraordinary rate for a single loan when the Company surely needs money for other expenses?

Just thumbing quickly through public documents, I can understand the concerns and frustrations of those interested in the future of this Company. A few days ago, we got a glimpse of what Kensington Resources could be and do. If only the Executive could prove that it has the mettle to achieve it...