re: Ann: Quarterly Activities Report and Appe...
they have finally got the message imo. massive buy now imo.
"Further intensive drilling at Cummins Range, previously planned for Qtr 2, 2012, and aimed at upgrading the JORC compliant resource, has been placed on hold whilst metallurgical and mining studies that will contribute to the scoping study evaluation of the project are further advanced. KRE recognises the strategic value of its strong cash position in the current market environment, considerably enhancing the Company’s potential negotiating position in respect to its ongoing business development activities. Accordingly, KRE has re-balanced its expenditure, with a higher emphasis on the Malilongue heavy rare earth project, and intends to complete a preliminary economic evaluation on the Cummins Range project by July that will assist in focusing strategies to advance the project."
KRE Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
