word is beginning to get around, page-4

Right so KRE is going to go lower than cash value??which they already have with what 14-15c in cash per share.
NAV is going to crash yet KRE have a contract on the cummins range to 80% ownership if they take to DFS an spend the cash they have planned too.
Know I'm not expert But if NAV falls RMB will still hold and continue to deal with KRE onthe cummin range...

ENCUMBRANCES ON TITLE
RMB Resources Limited currently holds a fixed and floating charge over the Tenement. Transfer of a 25% interest in the Tenement and KRE?s earn-in rights under the Joint Venture Agreement are conditional upon RMB Resources Limited providing its consent and releasing its charge over KRE?s interest in the Tenement.
RMB Resources Limited will retain the charge over Navigator?s interest in the Tenement (45% once KRE?s minimum funding obligations have been met). There is a risk that, in the event Navigator defaults on the terms of its funding arrangements with RMB, RMB may enforce its charge. As a result, the Company may have to proceed with the Joint Venture with a partner other than Navigator, and whose business priorities may differ to those of Navigator.