Asanko Gold Inc

AKG-T

Analysis and Opinions about AKG-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 16, 2019
An open pit facility in Guyana. As gold prices go up it benefits as it is a high beta stock. He is not too keen on this one as the grade of resource was not what he was looking for.
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Asanko Gold Inc (AKG-T)
October 16, 2019
An open pit facility in Guyana. As gold prices go up it benefits as it is a high beta stock. He is not too keen on this one as the grade of resource was not what he was looking for.
COMMENT
COMMENT
March 25, 2014

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.

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Asanko Gold Inc (AKG-T)
March 25, 2014

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.

TOP PICK
TOP PICK
December 11, 2013

Market Cap is about the same as its cash. Came out with a feasibility project in Ghana with about a $286 million CapX to produce 200 million. Just announced financing and will be breaking ground early next year.

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Asanko Gold Inc (AKG-T)
December 11, 2013

Market Cap is about the same as its cash. Came out with a feasibility project in Ghana with about a $286 million CapX to produce 200 million. Just announced financing and will be breaking ground early next year.

COMMENT
COMMENT
July 26, 2012
Trading just above its cash value right now. This is the name that he will revisit again. Changed their CEO. Trying to optimize their project. Thinks there are a number of potential catalysts that will come. You should be able to sleep at night knowing the cash is there.
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Trading just above its cash value right now. This is the name that he will revisit again. Changed their CEO. Trying to optimize their project. Thinks there are a number of potential catalysts that will come. You should be able to sleep at night knowing the cash is there.
BUY
BUY
May 17, 2012
This shows how depressed the gold equities have gotten. Thinks ultimately this company will get taken out. As company keeps advancing the mine to production it will be more attractive. A reasonable price would be 50% higher than where the stock is now.
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This shows how depressed the gold equities have gotten. Thinks ultimately this company will get taken out. As company keeps advancing the mine to production it will be more attractive. A reasonable price would be 50% higher than where the stock is now.
PAST TOP PICK
PAST TOP PICK
October 19, 2010
(Top Pick Nov 16/09, Up 24%) Still a takeover name and they still own some. Maybe some day it will get taken over.
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Asanko Gold Inc (AKG-T)
October 19, 2010
(Top Pick Nov 16/09, Up 24%) Still a takeover name and they still own some. Maybe some day it will get taken over.
BUY
BUY
July 27, 2010
Ghana, 2 projects. Hopefully will be in production in 3 years, but still doing drilling and expanding the size of it. It will probably continue to grind away here. Still some significant upside.
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Ghana, 2 projects. Hopefully will be in production in 3 years, but still doing drilling and expanding the size of it. It will probably continue to grind away here. Still some significant upside.
BUY
BUY
April 7, 2010
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.
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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.
COMMENT
COMMENT
March 11, 2010
Run by some very good, competent people. Main zone is very good grade but as you move along the trend, it seems to be offset and driving deep so they are losing the grade and continuity to some degree.
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Asanko Gold Inc (AKG-T)
March 11, 2010
Run by some very good, competent people. Main zone is very good grade but as you move along the trend, it seems to be offset and driving deep so they are losing the grade and continuity to some degree.
TOP PICK
TOP PICK
January 12, 2010
Currently drilling project in Ghana. Doing environmental baseline studies right now. Will be at 5 million oz by end of year. Open pit mine. Just completed financing so they are cashed up.
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Asanko Gold Inc (AKG-T)
January 12, 2010
Currently drilling project in Ghana. Doing environmental baseline studies right now. Will be at 5 million oz by end of year. Open pit mine. Just completed financing so they are cashed up.
BUY
BUY
November 30, 2009
Gold development in Africa. Growing resource quite significantly and will be a strong takeover target.
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Asanko Gold Inc (AKG-T)
November 30, 2009
Gold development in Africa. Growing resource quite significantly and will be a strong takeover target.
TOP PICK
TOP PICK
November 16, 2009
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.
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Asanko Gold Inc (AKG-T)
November 16, 2009
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.
COMMENT
COMMENT
March 3, 2009
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.
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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.
COMMENT
COMMENT
February 18, 2009
Gold exploration in Ghana. Have deposits fairly close to Newmont’s land (NMC-T). Currently have 1.7 million ounces. Supposed to have a resource update in the next 1 or 2 weeks. Targeting a resource of about 3 million ounces. Could be an acquisition in the next few years.
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Asanko Gold Inc (AKG-T)
February 18, 2009
Gold exploration in Ghana. Have deposits fairly close to Newmont’s land (NMC-T). Currently have 1.7 million ounces. Supposed to have a resource update in the next 1 or 2 weeks. Targeting a resource of about 3 million ounces. Could be an acquisition in the next few years.
BUY
BUY
April 20, 2007
Active in Ghana. Had some interesting readings on trench results. Thinks there will be some relatively positive findings when they get into the drill results.
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Asanko Gold Inc (AKG-T)
April 20, 2007
Active in Ghana. Had some interesting readings on trench results. Thinks there will be some relatively positive findings when they get into the drill results.
Showing 1 to 15 of 17 entries

Asanko Gold Inc(AKG-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Asanko Gold Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Asanko Gold Inc(AKG-T) Frequently Asked Questions

What is Asanko Gold Inc stock symbol?

Asanko Gold Inc is a Canadian stock, trading under the symbol AKG-T on the Toronto Stock Exchange (AKG-CT). It is usually referred to as TSX:AKG or AKG-T

Is Asanko Gold Inc a buy or a sell?

In the last year, 1 stock analyst published opinions about AKG-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Asanko Gold Inc.

Is Asanko Gold Inc a good investment or a top pick?

Asanko Gold Inc was recommended as a Top Pick by Joe Mazumdar on 2019-10-16. Read the latest stock experts ratings for Asanko Gold Inc.

Why is Asanko Gold Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Asanko Gold Inc worth watching?

1 stock analyst on Stockchase covered Asanko Gold Inc In the last year. It is a trending stock that is worth watching.

What is Asanko Gold Inc stock price?

On 2020-05-04, Asanko Gold Inc (AKG-T) stock closed at a price of $1.6.