joint venture alert., page-13

Hi dapper,
I posted earlier my thoughts on KN1 and the decision by KEY to divest.
If you were to ask me personally, I would prefer to wait for the development of KN1 as I believe in East Africa on several fronts (both our ability to supply into the future and the demand from EAC).
Again I am comfortable that this is possible in the near future. My beliefs are based on having been to East Africa and also talking to business people from there (just got rid of one who has been camped at our house for 2 weeks).

But the reality is that I can cover a couple of years in a stock without too much stress; for those that are like me the decision is possibly not to hard for those with a shorter view the decision may be different... but I cant speak for others..

A good example from my visitor...
He is quite successful and runs several businesses, (could probably buy KEY without bank loans) but in different industries. One of his plays is now paying dividends and accelerating quickly..
Two of us asked him, what influenced him to plant trees 20 years ago?...
His view was that 20 years was not a long time.. what stopped us from planting them 20 years ago?
I am 42, so planting them when I was 22 would have been pretty smart in hindsight..
These trees will generate between $500k and $1m (clear) per annum from here on... good money in Africa.
Predominately for electric poles and building... which is booming... (funnily enough most of the wood is Australian gums).

The link in the story of course is the demand to feed growth... Kenya is forecast to be one of the fastest growing economies this year..

KN1 is not far away...

So that is my take on KN1... as far as Italy goes, time may be an issue... but a JV partner announcement would add serious value for KEYsters... very quickly... but my view of Italy is more to feed the European demand... they will not forget what Putin did and KEY is in pretty good stead here.
For those that have seen my interest in ARU (for many years) they will realise the potential that European investors can see in Oz stocks (German investors bought 40% of the co). Italy offers this imho..

Now to clarify...

Yes I would like us to be commercialising KN1 today..

But I have to deal with the real world..