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Opinions Charles Oliver, HBSc CFA
Asanko Gold IncAKG.TOCOMMENTMar 25, 2014
$2.35
Stock price when the opinion was issued
$1.60
As of May 04, 2020. Market Open.
precious metals
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PAST TOP PICK
(Top Pick Nov 16/09, Up 24%) Still a takeover name and they still own some. Maybe some day it will get taken over.
Peter HodsonOwned
precious metals
BUY
Could be a lot larger based on their recent drilling and there could continue to be more drilling news throughout the year that could double the NAV. If they get up to 5 million ounces it could become a $10 stock.
Lesley MarksOwned
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TOP PICK
Gold explorer in Africa. In the middle of a hot belt of gold fields. Based on recent metallurgical work and discoveries to date, NAV is about $12. Thinks the company will be taken over.
Peter HodsonOwned
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COMMENT
Have done a good job as an explorer as well as through growth and acquisition. Exploring for gold in Ghana. When value gets built, it gets built the fastest through exploration. Will likely have to do a financing in the next 3 or 4 months. Likes this company very much.
Rick RuleOwned
precious metals
Big believer in the story. Have a ton of cash. Recently acquired PMI Gold Corp, which has a property about 10 km away from their Asankrangwa project in Ghana. One of the nice things is that they are capitalized so they will be able to build their project. The asset they bought close by is in such close proximity that they could actually process the ore from that deposit at the same plant. This gives some economies of scale of putting 2 companies together. A couple of years ago, the management team bought into the company with about $20 million of their own personal money. Cheap.