The future, page-34

thanks amok, that is another fantastic insight, as always, and very much appreciated.
oh and brilliant picture of Oman, by the way, a genuine piece of art imo.

something interesting i read in the report i mentioned earlier was that Alara were, and still are, in a position to finance the project and begin construction. this is curious, because it flies in the face of the allegations by Manajem that Alara had failed to secure financing.

what i think it could mean is that there was a standoff between the two parties - Alara had the investors/offtake partners ready to sign off, but would not do so without the ML being transferred to the JV, and Manajem had the transfer letter ready to lodge but would not do so until the financing had been signed off.

this sort of standoff could easily have escalated to the alleged "breach of good faith". but as events have unfolded, Alara's contingency plans (Bayan JV) have demonstrated that they have a reserve parachute, which Manajem does not.

it seems to me that the only logical explanation for Manajem pursuing this course of action is, as you say, for the purpose of an alternative agenda, because they could not actually do anything with Khnaiguiyah anymore, as they have no DFS, no EP, and no financing. They would literally be starting from scratch if they somehow secured the mining license.