Ann: ARK to sell Mount Porter and Frances Creek Tenements, page-2

WOW

A bit to take in... Will need to re-read again shortly...

Seems we are selling Mt Porter to repay all outstanding debts, and use balance to fund Old Pirate ?  What will be total initial costs for Old Pirate (purchase, and initial start-up prior to production cash flows) ?


I do like this last bit though.  Good reminder that if this thing ever gets up, it will explode.  Should I say "WHEN" this thing gets up !


"Since listing AHK has resisted share issues that unnecessarily dilute shareholders. No options have ever been issued.

As a consequence of careful management of its share capital, AHK has maintained a very tight capital structure of less than 50M ordinary shares, which has intrinsic value to shareholders particularly when earnings are generated. "