I am one of the top 20 shareholders, I am so proud of the company’s progress now. 20 million USD has been drown down from the loan without diluting the shareholders one bit, that is huge progress.
I have been reading the comments here in the past few years and I understand the shareholders frustrations back then. But remember getting a 60 million dollar loan when the company does not have a significant market cap is not easy also getting it from an Omani bank where they don’t understand mining very well and they are typically risk averse is a huge challenge. Hats off to Alara’s management for pulling it off and to our local Omani partners for helping us get the Loan.
Now that the biggest challenge ie (the loan) is over. Its only upside from here.
Mohammed Alshaikh
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