reduction in tanzania interests, page-4

This is NOT a good outcome. In my view, KEY have given away the one asset which held any promise for the future (and for long suffereing shareholders to recover some of the significant losses they have had to wear from the dilution caused by capital raisings which never resulted in any capital investments of consequence).

Lets be clear :

1. We do not have any major European assets to focus on (the Italian promise has long since dissipated; the UK horizontal drill has been funded TWICE and still has not happened)
2. The farm-in to the Dongara asset was at best a knee jerk reaction - There has never been any mention about STRATEGIC Australian or STRATEGIC UK focus before .... they have recently become STREATEGIC - becuase there is nothing else STRATEGIC to focus on.

I have long listened to AMER express his displeasure at KEY Management and have been prepared to give them the benefit of the doubt - no more - they are are pathetic bunch of incompetents ... I suspect that given a brewery and instruction of how to organise a p*ss up, they would find some way to turn the beer into water. (or better still ... sell the brewery to the Irish who appear to have a far better appreciation and good taste for quality beer rather than the crap which KEY management continues to dish out to long suffering shareholders)

I will continue to hold ... and thats only because it may give me the opportunity to support an initiative to rid the company of the current management blight
Regards
G