animex announcement, page-9

Perhaps the delay in the announcement until after the start of a long weekend is a blessing with this result.

On initial viewing it is disappointing although a NPV of $1m for KEY's share of Kiliwani North appears quite pessimistic in my opinion.

The long weekend gives time for those with better experience/knowledge than myself to review the announcement in depth and so enter the market on Tuesday with a cool head rather than a knee jerk reaction.

Personally I'm awaiting Aminex's media presentation of their results for hopefully some mapping of the reserves.

I note that Aminex have clearly noted their next target within the Nyuni block, the Nyuni field itself presumably with drilling from Nyuni Island, thus keeping drilling costs down.