AUQ 3.13% 3.3¢ alara resources limited

Copper spokes and wheels, page-11

  1. 12,407 Posts.
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    Considering what you know about KSA already, you give undue emphasis to what it could translate to. Even if we get the green light tomorrow, it will still make Oman look like a walk in the park imo.


    FWIW it wasn't just a signature that took so long to secure. There were multiple revisions to the agreement which needed to be made to ensure that a solid foundation had been laid for the larger vision of Oman once again becoming a major Copper producing nation, as was once their heritage.


    We aren't very patient in the west. We like our food in 15 minutes, our coffee in 5 minutes, we have self serve and drive through everything due to our impatience. The cost of all of this impatience has been a lack of endurance in most of our ventures. Throw away society. 


    These ancient Arab countries are looking for ways to survive the end of oil. That isn't a band-aid fix, you cant use magic spray and expect to survive another few thousand years. So they are being ultra conservative in rolling out their vision. A stitch in time etc. 


    I will be surprised if Oman does not exceed everybodies expectation, but it will take time, and if you have a short term plan for this investment then you probably invested in the wrong place, unfortunately.


    I honestly do wish you well and hope that you manage to get your money out and move on, it is painful being invested in something that doesn't move at McDonalds service speed if you were only looking for a trade, but that should have been evident if you had done a bit of due diligence.


    But dont make the mistake of thinking that this has been slow compared to western projects. Go have a look at AAR if you want to see slow realization of a base metal or gold project. WA at its finest.



 
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