Asanko Gold’s (TSE:AKG) Q2 Results Will Be One to Watch
SmallCapPower, 19 July 2016
Asanko Gold Inc. (TSE:AKG) is a gold junior that seemed to have been doing everything right. Yet, a Toronto-based hedge fund recently questioned the calculation of the Ghana gold miner’s resource. Asanko has yet to issue any news in response to these claims, so the release of its second-quarter production and conference call on Wednesday, July 20, 2016, should be an event of great interest to its shareholders.
On June 29, 2016, the Financial Post reported that K2 & Associates Investment Management alleged that Asanko’s gold resources “don’t add up” and appear to be over-inflated by a factor of two. It must be noted that K2 has a short position in Asanko and, thus, has much to gain if the Company’s stock price were to fall.
