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. "
AHK Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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