It is good to see that most contributors to this forum are so...

It is good to see that most contributors to this forum are so positive about the current management, but lets look at its track record and provide an alternative view.

In May 2012 the market capitalisation approximated $7 million and today after a cash injection of $12 million, currently sits around $6 million. Liquidity and interest in the stock still remains very low, the share market ignores this company and this is unlikley to change. Management can continue to present at irrelevant conferences, promote specialist minerals and put out statements to make shareholders feel warm and fuzzy, but that is all we should expect until the $12 million dwindles over the next couple of years.

If management believes in its strategy going forward then they should buy shares on the market (which they have never done to date) and get the share price to a level commensurate with the perceived value of the company. With the very low liquidity of this stock they should be able to get the price up without costing them much money. Why dont they put their money in to support the opimisim of their announcments.

Anyway, there is an alternative view of management, best of luck to all of us long suffering investors.

See below the progression of this company, in recent years.
0. May 2012 - Discussions to achieve Sale of Phosphate Assets well underway, preparatory work for mining lease significantly completed - just going through the Mines Department.

1.May 2012 - New management commences - Share Price 10-12 cents per share. Market Cap ~ $7 million
2. August 2012 - Korella Mining Lease Granted (all work for grant conducted by previous management)
3. August 2012 - Getax JV announced (This would have paralysed KRB).
4. Nov 2012 - KRB cash crisis does deal with Bergin (creates continuing overhang in the share price)
5. January 2013 - Luckily for KRU shareholder the Getax JV is terminated
6. January 2013 - Daton/ANB announce $12 m purchase
7. January 2013 - Share Price 9-10 cents per share. Market Cap ~ $6 million
8. March 2013 - Share Purchase Plan @ 7.65 cents per share
9. January 2014 - ANB deal completed. Share Price 6 cents per share. Market Cap ~ $5 million
10. January 2014 - Options issue announced (Puts a cap of approx 5 cents on KRB share price)Share Price 6 cents per share. Market Cap ~ $6 million (assuming fully diluted by new options).