two weeks, page-13

Hotfire,

Sorry, I should have explained better but I was in a hurry - the comparison is that HGO is a couple of months' ahead of AOH at opening up a maiden copper mine of a similar size, grade and opex estimate, yet the reality has most definitely NOT lived up to the DFS. To the extent they've just had to raise capital on VERY unfavourable terms and shafted holders royally in the process. It's a good example of how risky it can be for the retail holder who is pretty much making investment decisions on what the company tells him/her.

Don't get me wrong, I'm not saying there is any direct implication on AOH - different company, different country, and most definitely different management. Just that I for one, and no doubt others, are keeping it in mind as we wait for the first few quarterlies to see how it's going.

AOH is definitely the better company IMO which is why I hold that and not HGO. Better management by far and much, much better follow-up prospects (Roseby vs a couple of rank exploration plays). But in this sort of market pessimism can be quite contagious - just hope it's not a case of HGO sneezes and AOH catches cold.

That's why I'm waiting for this quarterly with much anticipation and a little nervousness. As snooks said they won't be at steady state yet but we should be able to get an idea of how it's going. Some good news would go a long way towards setting my mind at rest, and no doubt others.