germanys wahrer wohlstand

English Translation (babel fish - yahoo)

In this short email telegram I would like you over that very positively run meetings with the large shareholder of west Australian Metals, Vladimir Nikolaenko, inform, that in Berlin took place yesterday and about 4 hours persisted. Large shareholder deplores slow rate of development After Nikolaenkos data west Australian Metals is its at present with distance most important participation, whereby it beside WAM in four further Exploration companies larger portions holds. General it is above all indirectly, thus over its different holding companies at enterprises taken part. On my question, on which height itself its participation with WAM , answered very stipulated he amounts. From the multiplicity of its statements to this point I estimate the portion of the society, controlled by him, however on over 40%. Main points of criticism Nikolaenkos at the present management concern:
- the strategy which are missing from its view as well as the nonamed of comprehensible plan sizes
- the extremely small exploration speed also too little drilling capacity
- the not taking place total estimate of the exploration area - the disappointing performance of the share
- the successfully not running search for strategic investors

Three new directors are to make pressure In order successfully to concern the task pallet, it becomes from there at the latest on the extraordinary general meeting in scarcely 4 weeks a three director designated by him into the board that Society bring in around Leon Reisgys and Rodger John clay/tone too „support “. Besides Nikolaenko hopes that Reisgys and John clay/tone already provide before the shareholder meeting for the change in the management, which would immediately be possible during their agreement to the three further directors. Criticism practiced Nikolaenko in particular at the dual function of Reisgys, which should not be active from its view mainly locally in Namibia in the project and exercise additionally numerous administrative tasks. Here a discharge must take place. The menace Reisgys Supplement the management to possibly withdraw, can do it in this connection do not shock at all. In the process of the discussion became me ever more clearly that Nikolaenko wants to lose at all no more time, it wants immediately the increased number of revolutions, completely different work speed and both Reisgys and John clay/tone stand for this project from its View rather in the way.

Share according to Nikolaenko substantial underestimates 2 This to slow rate of development is from Nikolaenkos view also the principal reason, why the course of the share is because of the ground. Last year, when the evaluations of comparable shares were still higher, from its view courses from 1,50 to 2.00 from $ would have already been possible, up-to-date playing 0.80 to 1.00 from $ per share. This evaluation clearance now it wants to lift strengthened, in whom it will also get contacts over its financial investors in the boat, but in addition needs it a more powerful troop and a higher evaluation, because WAM under all became at present Radar display screens of the professional investors fly, is from there due to the too small Stock exchange evaluation hardly interesting for these. Despite the up-to-date bad condition that Stock markets is problem-free possible a higher valuation for WAM in view of the exceptional case of the project, showed up it optimistically, particularly since Uranexplorer will be the group at speculative raw material shares, which would start the coming course upswing became.

An excessive Capitalwatering will not give it Nikolaenko sees the attempts of the executive committee in North America foot sceptical seizing at the current time. The problems during the recent capital increase would have shown that the Canadians would have to do enough at present with itself, in Australian Explorern hardly interested are. He imagine from there further a focusing on Germany and Australia. Here also the funds for the next capital increase are to come, a placement of further 10 million shares in Canada by Falco, how also for all other agreements with this society stand it rejecting opposite and from there as a shareholder of WAM of an appropriate Absegnung will not agree. At all it wants to keep the share capital of the society as close as possible and only absolutely necessary capital measures and option programs its agreement will give.

Result: Vladimir Nikolaenko worked very convincingly, very concrete plans regarding WAM, it saw realised wants around clearly higher courses with WAM to make possible. A conflict situation with the existing management does not disturb it, as a most important shareholder has it from its view enough time vertan, there arrives it on the few weeks of possible annoyance also not more on it. Naturally its statements are at present hardly verifiable to its intentions, which are congruent on the first view with those of the other shareholders. To firmly stand me that it will proceed from now very directly, the times of its pure background activities seem to be past might - and that does not have to be bad for WAM. The conflict is short term, if not fast by Reisgys and John clay/tone settled, however probably course-loading, because straight in up-to-date rather difficult stock exchange times wish themselves shareholders harmony and no discrepancies. In addition the Endfälligkeit of approximately 40 million Optionsscheinen, whose practice will rinse about 2 millions from $ into the cashes of the society, comes on the other hand however the course into August inside to load could. In view of the large number of its shares Nikolaenko in this conflict with the present management will from my point of view obsiegen and so fast it goes the development of it a genehme future with it genehmen persons initiating. At present regard I this variant as the best of all realistic alternatives, however also Nikolaenko must be based on its successes and its promised speed aggravation. For new (back) purchases is it