KRE 0.00% 6.9¢ kimberley rare earths limited

look I can't see how KRE is in any where as bad position as NAV...

  1. 6,287 Posts.
    lightbulb Created with Sketch. 279
    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
 
watchlist Created with Sketch. Add KRE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.