AUQ 0.00% 5.2¢ alara resources limited

Ann: Approvals Received for Al Hadeetha Copper Project, page-45

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    hi mate

    there's a few different questions there between you and @taimoor164 so i'll try and address them all in one go.

    Expansion is 100% certain, this has been their key pitch for years now, hub and spoke model on multiple projects. Check savannah's last announcement for a good map of all the projects along the Semail Ophiolite belt in Oman.

    Your two Indian gentlemen are intimately involved at every level. Not just shareholders, but also directors and JV partners in a mining service company that will give Alara exposure to pretty much any project in the region that suits their strategic plan, which in a nutshell is to be a major copper player in Oman.

    The Savannah corporate transaction can't really be researched, but as it was the worst kept secret on the ASX and LSE it is pretty easy to get a reasonable amount of information from the CEO if you ask nicely, although there is still alot of confidentiality around the matter that indicates to me it is still "on hold" as opposed to "forfeited".

    Multiple levels of exposure happening for Alara, and this doesn't even touch on other projects which are likely to arise still out of the prolonged discussions with the MDO. Old US geological surveys which are available in the public domain indicate a wealth of untapped resource (including lithium brine, curiously enough).

    And then there are the other projects that our various partners in Oman own, all requiring mining services.

    Believe me, i've argued with 3 directors on and off over the years about this, and each of them have been adamant that Waishihi was just a way of tapping into a much much much bigger picture. The fact that they've toughed it out for so long and found novel ways to keep the company solvent in the process (long periods of unpaid directors fees, directors putting up their salaries as loans or major equity investments etc) suggests that they arent kidding, this is a bigger story than it appears to be.
 
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