AO.A Message Board - Msg: 6383567

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Gold/Mining/Energy : AO.A

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To: M. Merriam who wrote (81)	11/11/1998 7:48:00 PM
From: Marty Leder	Read Replies (1) of 108

Well, here I am. I must admit that I was very, very surprised to see the 3rd qtr earnings. I cannot imagine what has happened in this period. I know that historically they do well in this period and then give some back in the last qtr. The news about CEO change was expected and welcome. I read the last few messages and also agree that at .46 CDN for a book value of at least $1.50, we have a bargain. But the bargain is only as good as the investors make it. I expected the investment community to react a lot better than it did with all the news just coming out. They didn't!! That still leaves me to believe they are waiting to see results over a sustained period. I noticed the rise to .60 and then immediate retreat to .46; with 5000shares traded. This is absolutely crazy. My opinion is that the community will wait to see the year end final results and then await a decent first quarter before they begin to give Algo any real attention. In the meanwhile, the hiring of a dynamic CEO will be critical to move this Company into the 21st Century. Perhaps we are now leaving the dungeon & heading for the Tower!! I shall wait along with you both... Good luck,, Marty

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