look I can't see how KRE is in any where as bad position as NAV yes we do have NAV directors but dohave different CEO Tim dobson- General manager -Geoff collis that has nothing to do with NAV at anytime these guys are with KRE to make KRE the next major rare earth project As shareholders we can always vote against the NAV directors which I'msure if NAV fails will have even less say on the day to day running of KRE
At this point in Time KRE has 17mill+in cash And a 25% ownership of cummins range
If NAV goes belly up RMB will work with KRE an other parties to be get their credit returned so KRE could well end up in a much better position holding a much bigger stake in the cummin's range project as they already hold 25% Now if RMB had some else come knocking wanting to buy all of NAV assets i.e the rest of cummin range then this buyer would have to sit down with KRE and either buy out the 25% share or do a J.V the deal etc end of the day KRE aren't in anyway affected as bad as NAV if they can't pay theirs debts
I only people selling KRE at these levels are fearful fools that don't really have a clue ,if I had anymore spare cash I'd be buying truckloads at these levels
KRE Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held