krb is def. undervalued.

(cash is often valued @ around 50% of market cap/share price)

asf 24/1/14

Good post asf and seems you are spot on re cmv of 7.4c
which is close to the 50% of the cash backing of 15c
per share.

We all know:

-Junior explorers are currently "off" with the market
and most down at least 75% from their peak share price.

This seems to be a "general"(not selective) opinion(eg no dividends,
cash diminishing with exploration and barely reduced
executive fat salaries.If cash is conserved then
exploration halts resulting in no discoveries.
Also slim chance of raising fresh capital in this climate.

HOWEVER
The market view of this sector appears in my opinion
to be quite "non selective" and ignores the quality(high or otherwise)
of the relative CEOs.
In my own (completely biased ofcourse) opinion KRB is one of these
companies where CEO Dr Allan Branch's exceptional negotiating skills appear not to have been given special consideration it deserves by the market.
His appointment is fairly recent(May 2012)but in that time
he has personally initiated or completed at least 3 difficult deals.
Recent key events of KRB

(a)3 May 2012 Appt. of new CEO Dr Allan Branch
(b)10 May* 2012 Appt of chairman-Sean Kelly
* my birthday(hooray)
(c)20/8/12 JV with Getax-JV with Indian/Singapore Coy.
Introduced by Tony Alston,founder prev.MD but
negotiated by Dr Branch.
(d)27/11/12 Bergen "critical" funding(Dr Branch)
(e)23/1/13-termination of JV with Getax due to
continued long delays# by Getax in their due diligence.
# a common occurence with Indian business men from
my own prior experience usually trying to effect
deal to their better advantage knowing KRB's critical
cash shortage.Correctly terminated by Dr Branch &
directors.
(f)23/1/13-New deal with Daton(Dr Branch)
Daton-ASX company owned by Chinese.
The Chinese also strike a hard bargain but to Dr Branch's
credit he won through eventually for the full $12m
on 23 Jan 2014.

All of this takes not only high skills but tenacity and
great charm.Dr Allan Branch has the lot.A sleeves up,hands on man who likes to run a tightly controlled company-he declined a personal salary increase even after the Daton success.

These comments are not to lessen the great contribution of
founder Tony Alston and replaced directors however KRB
now seems invigorated.

Surely,surely this is worth a modest premium over
the current price of 7.4c with cash backing of 15c per share

Come on guys/ladies-buy up big and get the KRB moving to
a realistic price.
We will soon have our Chairman's promised reward(options did you all say ?).