Very encouraging to see that there have now been 4 broker research reports on KRE in as many months...with all of them being extremely impressed with the company and recognising that it is extremely undervalued.
Cashed up, huge resource, near cash backing, word is definitely starting to get out about the inherent value in this company.
The buy depth looks particularly impressive in these markets and i suspect a significant push towards 50c will occur once the markets improve in July, August.
KRE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held