Oh dear - KRE is buying a used gold mine. Shades of Navigator...

Oh dear - KRE is buying a used gold mine. Shades of Navigator Resources, from which KRE originated, and their Bronzewing mine...

Apart from the fact that the announcement needs a correction (it says due diligence has to be completed by 9th Feb 2012 - I presume they mean 2013), does anyone with any knowledge of the company have any comments as to whether this is a good thing or not?

Market seems to be ignoring the announcement so far...