I honestly think KEY should tough it out in Tanzania.
I don't think a sale of our Tz assets will yield anywhere close to a reasonable $ figure, so why sell just because the assets are going nowhere fast?
If, and I agree it is a big if, things start progressing over there then the assets would instantly be worth multiples of the current value, whatever that is.
I suspect (hope!!!) we might be closer to a meaningful outcome.
Bottom line is Tanzania is a potential company maker, whilst the UK is definitely not. Italy might be, but is a long way behind even Tz at this stage.
So why sell just because things are moving so painfully slowly?
KEY Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held