Ann: Quarterly Activities Report & Appendix 5B- September 2014, page-2

"The cashflows reported above exclude amounts held in term deposits with reputable financial
institutions for terms greater than 3 months...

"At 30 September 2014 the Company had $9.1 million on term deposits with maturity periods of greater than 3
months. During the quarter the Company placed a further 4 million on term deposit for a period of
12 months."

That's $13.1m being looked after by the banks. Plus $1,746m cash at hand. Plus a $1m property.

$14.8m cash? Anyone else read this the same way?

Anyone who thinks KRB has gone wild in spending might think again. They have certainly taken measures to protect our cash, and interest gained should cover exploration costs.

If KRB needs more cash whilst the cash is maturing in the TD, they could offer further incentive/piggy back options (KRBOA?) to encourage people to cash in their KRBO's, and the company can continue to do what it is doing- exploration/drilling, and M&A considerations, or just corporate deals (with China on rare earths?) Meanwhile, there's probably a bunch of ASX-listed companies who are cash-starved, too, who might wish to take over this cash-rich minnow.

If you want to see a company where a Director is rewarding himself on a main asset sale, check out OGH, where a Director is awarding himself a huge amount of shares due to such an occasion. No such thing with KRB.

This story will play out. But our cash is safe. If a disgruntled holder sells out, it is more opportunity to buy.