The uncertainty is almost all but removed as they have forward sold their gold and are so to say already in the money.
Commencement of mining is just confirmation for markets sake that they will continue to be in the money as their expanded deposit and others also come online. No need for CR or other dilutive means as they are presently well funded (This was the main risk which has been significantly removed).
So if anyone can recommend an ASX miner with sub $10M Market cap who has forward sold a couple $mill of gold and is in the money please advise. I sure know a lot of unfunded exploration companies with no money and imminent dilution with market caps greater than $20Mil so the value of AHK is in the pudding
Disclosure, i have been buying AHK on the dips where ever i can catch them.
AHK Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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