AUQ 0.00% 2.9¢ alara resources limited

Originally posted by newforce So we are looking at a A$20m...

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    alara owns 51% of al hadeetha

    al hadeetha has executed the agreement.
    not alara.
    so perhaps the excess amount above the 60 million washihi capex is only available to al hadeetha in oman, and is unavailable to be spent in saudi for example, nonetheless a great deal.

    that leaves 40 million
    therefore i suspect alara does not need to add any further funds for the time being in oman.
    indeed, al hadeetha owes alara: 7 million plus any money borrowed from the recent 19% sale, up to 18 million in total.
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