Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Barber From Seville who wrote (3675)	4/26/1999 12:13:00 AM
From: High Grader	Read Replies (1) \| Respond to of 5206

I have been lurking around the KRT thread for a while and thought I would share an Elliott Wave chart. EW often works very well and even though KRT is a penny stock, it may be developing a nice pattern that can be useful to all concerned. The Fibonacci target levels are often points where the stock stops reverses then moves up again. If KRT moves up and goes above the red wave "I" label in the chart then the action should be fairly close to what the chart projects. As Fibonacci levels are penetrated look for the next one as a target. The 1.62 level at 1.97 is a likely target for wave three. Timing it is bit more complex, but look for the Aug 18 date for some sort of pivot, give or take a day or two. Please read my disclaimer and trade the market, not the forecast. Good luck all. Chart is available at elkvalley.net

To: Barber From Seville who wrote (3675)	4/26/1999 2:33:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

Babs - here is a comparison between your PAR find and FALC. Comparisons With Canada: "Mining of diamonds from primary sources is carried out since 1958 in Siberia and in China since 1970. Considering professional prospection had started about at the same time in (40-50's), Canadian performance is obviously delayed. Nonetheless, through the proficiency of principally three geo- logists, two outstanding discoveries were finally registered in regions separated by 1,200 km. Remarkably however, the time and the means spent on these discovery paths were vastly different. As we were told, the first pipe in NWT was traced up for eight years by following the indicator minerals and some secretive drill-sites as well. In contrast the 70 kimberlite targets in the Fort a'la Corne field (FALC), all became available suddenly and simultaneously within five days (!) by my interpre- tation of 20-year-old government maps without the use of indicators and in the region preferently far away from then celebrated site tended by reputable operator. While the methodics and the exemplary perseverance on demanding trail of NWT were as traditional and prodigious, in the FALC, the approach was definitely pioneering and also the most effective departure worldwide from textbooks and case histories by applying a vigorous shortcut, by using directly airborne magnetic maps regardless of being pretty old and with the lines flown one mile apart and 300 m high. In short, Her Majesty's maps, generated through Canadian taxpayer money and then available to anyone for $5.00, became perfect on all accounts. As a result, operators and multitude of others were actually offered a new region in NWT, while in the FALC, a new region on top, most of existing targets, all virtually received without spending about $100 million on the initial pathways before the discoveries. Recently, the most advanced operator in NWT carries out bulk testing of five kimberlite bodies. At such promising and exuberant times, an observation from a man who found two out of seven mines in Siberia would illustrate the essentials of such a gigantic task. If you ask Mr. Shchukin what makes a kimberlite mineable, he might tell you: "...it must be the richer, the larger and the closer one". While pondering these parameters, we should also contemplate that, with very few exceptions, all diamond bearing kimberlites and mines in Siberia and China were uncovered prior to the introduction of the G-10 garnets sophistication....Dr. J. G. Strnad 1995"