Don't know anything about AHK's history and don't know if the following will have anything to do with AHK.
Have been researching a private company - JKO Mining Limited - who recently purchased the Deutsche Rohstoff AG Gold Mine/CIP Plant at Georgetown, Qld, for $16m along with several nearby tenements from PNN for $850k.
AHK director, Roger Jackson, is also CEO/Founder of JKO Mining:-
Roger Jackson's Summary CEO at Ark Mines Limited
CEO and Founder of JKO Mining Pty Ltd Gold Mining and Processing. JKO Mining is a private company which owns and operates the Georgetown Gold CIP plant. The Plant is loactaed in Georgetown North Queensland. In 2013 the plant will be processing in excess of 100,000 tons with gold grades averaging 7 grams. JKO Mining has a gold Resource in excess of 450,000 ozs in the Georgetown, Forsayth and Croydon Gold Fields
Jackson is also a CEO of Bracken Resources Pty Ltd
Bracken Resources Pty Ltd recently entered into a ST arrangement with Straits to purchase the Hillgrove Antimony/Gold Mine.......
Hillgrove Antimony/Gold Mine
Straits has agreed to enter a short term, exclusive arrangement with Bracken Resources Pty Ltd. Under this arrangement, Bracken will have the right to complete its due diligence with a view to acquiring the Mine within 90 days. Bracken will pay non-refundable option fees of $1 million immediately, another $1 million after 45 days and $1 million on exercise, to continue this review. The arrangement will provide Bracken the option to purchase the mine for $27 million cash plus replacement of $4m in bonds, in addition to its option fee payments.
AHK mentioned last Qtr "The company is also actively exploring the potential to participate in gold mining opportunities in Australia with established JORC resources, in order to produce company revenues as soon as practicable"
AHK had around $1mio cash last Qtr, so not enough to take on anything like the above on their own - may have nothing to do with AHK.
One of AHK's Top 20 shareholders - ICHIYA Co
May, 2006 ICHIYA Co., Ltd.makes CHAMPION RESOURCES (the name changes to AUGUR RESOURCES Co., Ltd in August, 2006: an Australian company: the main business is mineral exploration) its equity method affiliate.March, 2007 Ark Mines Ltd. is established as the result of the demerger of Augur Resources Ltd
Jackson was also a founder of (now) HDX
AHK Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
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