Guys, I think the main problem with NAV was the natureof the...

Guys, I think the main problem with NAV was the nature
of the gold mining operation itself.

Brownzening is very low grade and steep, they had an issue with one part of the pit collapse from memory last year.

This probably led to most of their financial problems which doesn't help us in the respect of potential investors researching our management.

I can imagine the following convo.

Matt- Hey Mike what you think of KRE, below cash backing with growing resource, management going ahead at full steam hitting their stated goals, u reckon worth jumping into, its got NEGATIVE company entity value?

Mike- Don't trust their management.

Matt- What do you mean?

Mike- They're all buddies from NAV

Matt- NAV, what's that gotta do with KRE?

Mike- They almost put NAV into receivership, couldn't run a gold mine profitably during a time of record gold price, mate I reckon they're on the board just to suck another easy directorship fee for doing F*&$ all, why you think they floated KRE for.

Matt- Geez don't wanna get involved with shenadigans like that

Mike- Coudn't trust them with my money


Have a nice day