AUQ 1.79% 5.7¢ alara resources limited

Ann: Project Update, page-16

  1. 15,733 Posts.
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    Great to hear from you mate, hope you are well too.
    It took alot for me to buy back in because i was really unimpressed with the many missed milestones, but to be honest with you that would describe every mining company I've invested since 2007 and i am starting to appreciate that many of the bottlenecks were genuinely outside of their control. In hindsight they've possibly done a good job just to stay solvent and keep most of their T20 onboard.
    I am certain now that the saudi case was purely a gambling bluff designed to bankrupt them or make them fold, and this strategy appears to have failed. Also the licenses in Oman seem certain to be granted, hopefully in the next few weeks. And there is a $6m prepayment coming on the Stardome offtake agreement. So they are actually in a very strong position for such a tiny MC.
    I'm not expecting fireworks but can see them advancing these projects and possibly expanding operations with new licenses.
 
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