AOH 0.00% 12.0¢ altona mining limited

The Finnish OK massive sulphide keeps giving .This important...

  1. 499 Posts.
    The Finnish OK massive sulphide keeps giving .This important news makes it all the more necessary to focus on Finland and the OK region, consolidate and cut the Australian based overheads . Time and time again the news has been positive out of Finland but no amount of good news is able to move the share price on the ASX . This means that management has to change focus away from the lost time and company resources in Australia . I have gone over all the arguments in prior posts . An AIM listing in London combined with a Nordic listing will give more spread and liquidity to the SP . Some of the top 10 shareholders are playing games with this share and Cowden is comfortable with milking Finland for enriching management with its high overhead cost structure in Australia . AOH has about 100 employees in Finland and very competent Nordic management . The Oz overheads need to be discarded and a new strategy set in place to unlock value for shareholders . It seems that a takeover will be the only means to deliver this outcome for over 50 % of shareholders .
 
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Currently unlisted public company.

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