I know a few here keep an eye on Aminex boards, the difference...

I know a few here keep an eye on Aminex boards, the difference in fortunes is significant.

Aminex have raised cash by a pretty large issue of shares.
There are pros and cons of all this, but they needed to do it and move on. However it does impact on the investment.

KEY however have been able to capitalise on a crappy market to pick up cashflow and still be able to meet comitments.

To buy these 2 producing wells a year or two ago would have cost a fortune as many would have been competing and higher values were the rule of the day.

KEY have managed cash and opportunity well in a pretty ordinary environment.

The other oportunity that is looking us in the face is the creation of serious gas infrastructure in East Africa.
Kenya, Tanzania in partnership to put up natural gas plant in Mombasa
http://www.businessdailyafrica.com/-/539444/617380/-/rvrw79/-/

Key points from Article..
- Kiliwania gets a mention.
- 90 Meg Power Plant in Kenya likely to purchase gas from Songo Songo.. (no price constraints on this one!).

The reality is that the market for gas, in East Africa, could grow significantly very quickly. As KEY is not comitted to price agreements they are in a great position to capitalise on this... Do we expect them to sign quickly and cheaply or hold out for a few more months to really milk it.. from my view it is a long term game and it is certainly in the company's interests to hold out for the longer term value.

I guess it boils down to what is an investment..
- For the company it must be long term,
- For us punters we have our choice..

We can say that we beat Warren Buffet's returns this year so we must be better investors... but my gut feel is we should not kid ourselves.. stamina wins the day imho.