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3.03%

3.2¢ alara resources limited

Zinc, page-5

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mattdamon

3,618 Posts.

59

05/06/16

09:03

Post #: 17954218
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Originally posted by mowibble ↑

I wouldnt say it was the "plan", but what i would say is that, as with other companies sitting on resources in need of capital expenditure, there has been no real impetus or urgency to resolve matters while the margins were depleted.
An example in the details here is Nasser's decision to formalize his loyalty to Alara by taking a major holding - prior to that, he was evidently trying to remain discrete in his split loyalties, I guess because it benefited nobody if the project wasnt ready to advance. Now it seems that there is a gaping hole in the zinc market that needs filling, and in parallel, Khaiguiyah is burning a hole in their collective pockets while it sits there idling. Consequently, Nasser showed no hesitation when the RI was announced, and this in hindsight has clearly impacted the course of events with Manajem, because it was literally only a month later that the Breakthrough announcement came, and here we are a few months further and it sounds like an out of court settlement in our favour is a probable outcome.

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Was just kidding about the plan, but very well put. There was no rush and now there is.
5c by EOFY.

AUQ Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $22.97M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.2¢	$5.28K	165K

Buyers (Bids)

No.	Vol.	Price($)
5	380235	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	154500	2

View Market Depth

No.	Vol.	Price($)
5	380235	0.032
2	543841	0.031
1	200000	0.030
1	350000	0.028
1	50000	0.020

Price($)	Vol.	No.
0.033	154500	2
0.034	349970	1
0.036	28305	1
0.037	100000	1
0.042	200000	1

Last trade - 10.16am 14/11/2024 (20 minute delay)

AUQ (ASX) Chart