Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

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Empty Nose

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13/09/22

14:35

Post #: 63672769
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Originally posted by BarryBSD: ↑

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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so all deals off the table, that's it for Saudi, goodbye, bye bye forever ?

ridiculously simplistic. wa wa woo.

hopefully management are not so basic.

there may be an incorporated jv entity in saudi that can continue to make something happen.
there is an in country manager.
there is a mining services jv trying to win contracts, hopefully including saudi.
there are other tenements coming up for bidding, for which alara jv is said to have been invited.

Last edited by Empty Nose: 13/09/22

AUQ Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

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