I have been accumulating this stock recently, and i must say, i...

I have been accumulating this stock recently, and i must say, i am very very happy to be able to get it at these levels.

They say fear and panic drive the markets, well its also these two emotions which drive my bank account.

Its laughable that people are saying KRE will go to 10c let alone 5c, although people will do silly things when they lack knowledge and are scared.

Regardless of what happens to Navigator, KRE is set up to thrive. We have a bucket load of cash, cash backed at a whopping 13.5-14c.

We have a huge JORC compliant resource which has been reasonably valued at $12.5 billion and is currently being valued at LESS THAN ZERO!

NAV shareholders only have $1.5million worth of stock, thats only 11M at 13.5c... i have 1/5th of that myself. Selling at levels that the down-rampers are talking about would be tantamount to selling your home and paying the person who bought it from you.

At these levels, i would not be at all surprised if this is hunted aggressively by a fund looking for a low risk, heavily undervalued rare earths play.

Add to this the fact that tax loss selling is almost over, these insane prices won't last much longer.