RE: RE: RE: RE: RE: RE: KNB GER ClarificationDR you don't fit with the posters at KNB - you are reasonable and willing to consider differing opinions with an open mind. I agree the purchase of the project was fortunate and imo, as much a result of circumstance as it was management strategy. If they didn't happen to be involved in Corcoesto, they would never had had the opportunity to obtain this project so whether chance or shrewd, I will leave that to a matter of perspective. RNG was busy slimming down to wed and I don't think they were too concerned with what they got for the project as much as they were concerned with how much they were going to receive from their buyer. The suggestion to monetize this opportunity was presented far before this fiasco developed and before mangement started to dilute the project but most believed management would be able to execute and improve shareholder value. Execute - I would say since the purchase this has not happened and even managing the purchase (i.e. raising the funds for the purchase) was a joke, then we have the scoping...sigh; improve shareholder value - well we both know that has been a disappointment and even at a $1 we would have been better to seek out a sale when the suggestion was made before they entered into the NSR deal with Anglo. With the time that has gone by the only people that have benefited are management and insiders while they collected their salaries and issued themselves options and made purchases based on information that was not made public at the time. Do we continue to feed the fat cats or we try to maximize shareholder value? ORV's proposal is a good one, it just needs to be negotiated and given your justified reservations, KNB lacks the ability to effectively do so if at all. The pp is to make payroll and ensure they can continue to pay themselves and draw this out even longer. The strategic review was ridiculously slow and now they are intent on drawing this out. They should be negotiating feverishly to get ORV to raise their bid, not issue more shares and dilute existing shareholders so they can continue to collect their inflated salaries. How many times have they said they would not dilute or do not need to issue shares only to come out and announce a pp. The more shares they issue the less we as existing shareholders will receive which is why in the years that have gone by we as shareholders have seen little reward for our loyalty. I will be tendering my shares for the ORV bid and expect the price will improve as the shareholders of KNB realize their interests are best served by ensuring they get paid before management this time around. Good luck DR.