sp prediction, page-7

Hi Kalmsg,

Unfortunately, no matter how good or bad we believe 8bcf means for KEY, the market knows the following and this is why IMO we are still sitting at 11c:

We have no approval from Tanzanian authorities
We have no hook up to the pipeline
We have no customers to buy the gas

We have received so many updates and talk about the progress of the above, however IMO until these factors are removed we will continue to sit around the 11c mark.

As we all know Keys biggest immediate hurdle is cashflow.
Whilst our UK assets will provide some income, any decent exploration in Tanzania will require a substantial placement IMO, hence the continued manipulation going on with our sp.

Cheers
R