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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 (3568)3/20/1999 1:59:00 PM
From: Lilian Debray  Read Replies (2) | Respond to of 5206
 
I would not even try to figure out what the intentions behind that news release were. I just wish this is the last we see and hear of it. In the unlikely case KRT could purchase trading on the NASDAQ, how long would it keep it at this point?
Message 8395583

Trading on the NASDAQ will only work if it is earned, so my focus is on the stones KRT wants to recover and announcements that put it in a favourable light:
"Several modifications were made to the drilling system equipment and procedures to enhance the recovery of diamonds and reduce the stone breakage during the 1999 drilling operation. Planning of modifications to the minibulk processing plant equipment and procedures which will increase the diamond recovery efficiency is still in progress."

If there is to be dilution of the stock, IMO it should go towards what contributes to building real equity in the Company.