Shareholder Alert – Investigation on Behalf of Asanko Gold Investors
On May 31, 2017, the investment research firm Muddy Waters, LLC published a report on Asanko asserting that: (1) Asanko made investments based on flawed geology in Ghana’s Nkran, Esaase mines that Muddy Waters believes “will never be recovered”; (2) Nkran is already experiencing a serious collapse of its west wall requiring a $75 – $115 million spend to keep mining, which is likely to cause Asanko to run out of liquidity in 2018; and (3) there are indications that some of Asanko’s resources models have been “smeared,” which would cause estimates of their ore contents to be inflated.
Following this news, the company’s share price plummeted more than 30% during intraday trading, causing significant harm to investors.
Asanko Gold Losses?
If you purchased Asanko Gold shares and would like to speak privately with a securities attorney to contribute to or learn more about the investigation, please complete the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of the Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.