with good reason i'd say.
SWP have been in the country for a long time, going to meetings with Savannah, MDO, Al Tamman (ie Muscat Overseas Group), Al Hadeetha, PAM etc etc.
Then they decide to IPO and buy more mining equipment for expanding operations in the middle east.
Then they announce a HoA for a JV with Alara, which they own a major stake in.
Everyone's been fussing over getting Al Hadeetha started, but it looks to me as though Al Hadeetha has just been about demonstrating a "proof of concept" to the Omani's. They must be getting some positive feedback on this to warrant an IPO and JV.
Al Hadeetha is starting to look like the first tiny crack on a dam wall to me.
Ann: Joint Venture with South West Pinnacle Exploration, page-7
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