This was mentioned in Yearly Report on Page 13. If it is 18 months agreement doesn't that mean that no need to renegotiate Toll as they are still within agreement timeframe?
On 18 August 2015 the Company entered into an 18‐month agreement with Newmarket Gold Inc. (“Newmarket”) and its 100%
owned Australian subsidiary Crocodile Gold Australia Operations Pty Ltd for the processing of Mt Porter ore into gold dore’ and selling
the gold dore’ on a monthly basis. Each party will deduct its costs from the cash flow generated by the gold sales, with Newmarket’s
processing costs agreed at $30 per ton. The residual cash flow is to be split 55% to Ark and 45% to Newmarket.
AHK Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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