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5.41%

17.5¢ ark mines limited

Ann: Quarterly Activities Report-AHK.AX, page-11

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Simo95

2,478 Posts.

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31/10/16

11:18

Post #: 20245793
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Originally posted by there-is-no-try ↑

No confirmation of starting mining yet, but wont be too far away IMO. All boxes ticked.

My gut tells me a few things:
1. Toll Treatment agreement wont be far away - could be held up with the Newmarket merger.
2. Toll Treatment will be with Newmarket @ Union Reefs as it is in both parties best interests.
3. IMO Its better to wait till end of wet season to start mining. Too many risks of cost overruns during wet season eating into the profits... It is only a few months away. Best to wait a bit and keep maximum cash profit potential.
4. Share price wont run away yet, which gives me time to finalise my SMSF so I can get a decent chunk at a great price.

Future news flow has the potential for great things. With free cash flow, plenty of exploration potential and continuation of mining operations after Mt Porter, we are on a winner here.

For me, downside risk in USD gold price (maybe as low as $1050), is offset in the most part by potential of lower AUD (say $0.60), keeping AUD gold well above $1650...

Upside could be much higher USD gold in the next few months which could really lift sentiment and drive share price hard... Really good risk/reward play IMO.

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decent 70k chunk for sale at 22c.... (not me by the way i'm in ahk for the bags!)

AHK Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.5¢		Change -0.010(5.41%)		Mkt cap ! $9.703M

Open	High	Low	Value	Volume
18.0¢	18.0¢	17.5¢	$4.459K	24.86K

Buyers (Bids)

No.	Vol.	Price($)
1	3500	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	139	1

View Market Depth

No.	Vol.	Price($)
1	3500	0.165
1	17437	0.150
1	30000	0.145
1	100000	0.140
1	4100	0.125

Price($)	Vol.	No.
0.185	29785	2
0.190	55596	2
0.195	6400	1
0.200	55834	2
0.250	47548	1

Last trade - 13.23pm 01/10/2024 (20 minute delay)

AHK (ASX) Chart

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