article, page-9

As an European Investor (Austrian), I am frequent reader of HC forum (almost on a daily base).

I am a long term investor since vulcan days.
Wallstreet-online (w-o) is the mainly used German information base. Gold invest is AC’s megaphone to his German investors.

Since last week, all relevant information according AOH has been published first on HC; mainly caused by the time shift but also as we European Investors are ranked secondly in the priority of the AOH PR.
The article linked by SOTR was the first time since I can remember, that a relatively important information has been released in Europe prior to HC.

IMO the only reason for this article was to place the information of an additional 2 month delay in the process of finding an investment partner/opportunity for Roseby. “…approximately additional one to two months” means “minimum 2 month” as we are all familiar with the AOH PR wording used in the last few years. I do not expect an announcement in regard of this matter before the end of September. Maybe as a well-timed PR action prior to the AGM to raise the spirit and avoid stock option discussions at the AGM ;-)

German investors identified in the top 20 list represent close to 14% not taking into account those not issued in the top 20. This is a significant number. I cannot speak for all of these investors but the mood here in Europe is getting worse. Several discussion at w-o are ongoing, regarding the PR behavior, the way Finland earnings are re-invested, the consistent delays in proceeding timeline to start the Little Eve project, the disproportional personal and administration costs (stock option program mainly for AC), …

Even though we have significant problems here in Europe I still believe in AOHs possibilities. It’s only a matter of management keeping the focus on shareholder value instead of option programs.

Cheers