100% of my spec / junior companies have had a CR in the last 12...

100% of my spec / junior companies have had a CR in the last 12 months... all of them... none have been able to go on with their day to day working without a CR... WHY? because they are not generating revenue... and until revenue generation  is the norm and that too above spending, CR will be required... not just @ KNL but at almost the 2000 odd juniors listed on the ASX...

BHP & RIO and those type of businesses have the other problem - they are buying back shares issued earlier... and there are companies that don't do CRs - simply because they are generating $$$ from their business higher than their spending...

if CR is the only criteria to evaluate a business then you all need to look at how to approach this end of the town as there is no alternative to CRs... oh yes, there is one more but let's not go there - ask AUZ holders about their sp performance after their management went the path of  death spiral finance a couple of months ago - a CR would seem like a fairy tale option compared to that...