I've never spoken to the man before, but I think I detected a touch of frustration in his voice when i asked him why Animex had already released info before Easter - almost as if it was meant to be a 'post-easter' announcement and had caught Key offguard and unable to 'co-release' Anyway, that is just how it felt over the phone.
I note that BUY still hasn't released anything yet either.
I found it interesting that Ken suggested KEY was making their own conclusions/opinions on the results. Granted, the project represents varying levels of interest to each party, but my experience with most JV's is that the operator is usually the dictator of what info is released to the market. Clearly this JV is not abiding by these principles. My gut feeling is that there are varying levels of what this project is worth and where it is going. Just M.O.
Cheers, Split
KEY Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held