Ann: Appeals lodged against Exploration Permit for Penikat, page-42

Please, some holders need to take a step back, breathe and relax.

I appreciate that it has not always been this way, but KRM currently is an early stage explorer/developer stock. Most of these type of companies, need many years to realise their potential across minefields of permits, exploratory drilling results, PFS's, DFS's and ultimately production.

Along the way, red-tape must be expected. In our case at present, this has come in the form of an environmental appeal. This cannot be any surprise, the system is set up to allow an environmental appeal to be submitted with a very low burden of proof. Naturally, any remotely organised environmental cause would use this process, (after all it is a free option) to delay and in their eyes maybe scupper an exploration/development program. In some cases it may well be justified (care for the environment IS important), although I am confident in KRM's case, the appeal has little merit.

Why am I pointing this out? Well apologies in advance, and far from me to tell anyone how or why they should take a position in a stock, but the nature of KRM, the stage they are at and the jurisdiction that they are operating in, just translates to me that this is a speculate long-term hold as a small % of an overall stock portfolio. And at current price levels I am very happy to have KRM in my portfolio.

Management is trustworthy, robust and conservative. They are clearly well respected and highly regarded (imagine the competition for the BHP Xplorer program!) and the fact that BHP will fund much of the early stage costs which can tend to bleed a small cap explorer into extinction is really quite an achievement.

Of course I understand frustration at the current share price, I too would prefer it to be at 50c! However, I know this is a long term hold and as such, I don't hold short-term expectations of a multi-bag increase, Those that have those expectations may be need to manage them accordingly......

All the above said with much respect to all, I just wanted to remind people of the wider picture, as the chat is getting pushed down a very narrow perspective of disappointment but nothing that has occurred (IMO) is outside of normal expectations.

Finally, I would like to say thanks to the regular posters here for all their opinions and thoughts, positive or negative. All very much appreciated!

Okay, I'll put the soap box back in the shed and hope all can have a good rest of the weekend!