This one has done nothing and is just fading away.
Despite the rare earths story, I suspect it is largely due to two things:
1. Investors are realising that it takes years to bring a deposit like Cummins Range to actual production, by which time the boat is likely to have been well and truly missed, and
2. The association with NAV and the disastrous mess that has been made of their gold mining operations, plus the involvement of Patersons, tending to give KRE a bad name due to the involvement of directors and management in common.
I said all along that Cummins Range should have been kept by NAV and could potentially have been the jewel in the crown for them, but they floated it off. And now the jewel is fading rapidly.
Unless something puts a spark underneath KRE, it is likely to sink into oblivion.
KRE Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
