AUQ 3.13% 3.3¢ alara resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-19

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  1. 256 Posts.
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    Ahead of schedule ?? which schedule are you talking about ? the latest revised schedule which is already 2-3 years behind schedule ??

    I'm waiting for the announcement that there will be some changes to the vesting conditions of MD's options to keep in line with creeping production schedule. He missed the 31/03/22 mark for his first lot. Current options target date is 28/02/23 for production. Last update had commissioning target date of April 2023 for the plant, so doesn't look like a lot of joy there for him for full exercise. He does conveniently have a sliding scale for exercise up to 4 months behind schedule, so let's hope he gets some otherwise we are looking at mid next year before we have anything to sell.

    There's light ahead, so hopefully now that the potential distraction of Saudi deal has gone we may have more energy invested in Oman. If they can achieve April production target then I'll take that


 
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