Well AMINEX are still very bullish. This from their latest press...

Well AMINEX are still very bullish. This from their latest press release after selling their Madagascar interest..



Aminex chairman Brian Hall commented:

"In Madagascar progress has been slower than anticipated and selling our interest at this time represents sensible management of our overall portfolio in the region. This will allow us to concentrate more of our available resources on other projects with a potentially more immediate impact. These include appraisal and commercialisation of our recent Kiliwani North discovery, exploration of the adjoining and newly-awarded Songo-Songo West permit and first drilling in the Ruvuma Basin, all in Tanzania. In Kenya we will progress work on Blocks L17 & 18, awarded late last year, while in Texas we anticipate spudding a significant new deep exploration well at Alta Loma in the next few days.

We have benefited from excellent co-operation with OMNIS, the state oil and mining concern in Madagascar and wish the Manja project well in the future."



Sounds to me like Kiliwani and Songo-Songo are Aminex's priority plays which will move the timeframe of production and further exploration up a notch or two.

If there were more KEY shares on offer I'd be tempted to sell my current holding and wait for further developments before I entered again. But watching the volumes trading in this share over the last week I'd most likely get locked out when the time came. The old risk/reward conundrum!