Considering the continuing decline of the KBX share price, it's reassuring to know that at worst, we have 30-odd cents of pain remaining.

This debacle cannot be entirely dismissed as merely part of a general malaise among juniors. Kimber management greased the skids by consistently putting out deadlines for updates then disregarding them. The revolving door on the front office doesn't help the image, either.

The result is an unhappy confluence of poor market conditions and poor management execution. It's a killer.