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Asanko Gold Inc
Symbol AKG
Shares Issued 196,995,607
Close 2015-10-09 C$ 2.11
Market Cap C$ 415,660,731
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Lundin says buy Asanko Gold

2015-10-09 20:52 ET - In the News

Brien Lundin, in the October, 2015, edition of the Gold Newsletter, says buy Asanko Gold Inc., recently $1.94. Mr. Lundin said buy Asanko 16 times between November, 2005, and February, 2015, at prices ranging from $1.04 to $8.27. Assuming a $1,000 investment for each of the 16 buys, the $16,000 position is now worth $11,630. The newsletter editor says Asanko Gold is a near-term gold producer that fits nicely into his current investment theme of building positions in companies with established assets. The company is developing its open-pit gold assets in Ghana in two phases. It has already started a phase 1 program, which should make Asanko Gold profitable at current prices. It also has a multimillion-ounce phase II program that exists as an option on rising gold prices. The newsletter editor says that the phase I program is 75 per cent complete, with 2,400 employees and contractors on site. When complete, the phase I operation will generate 190,000 ounces of gold a year. Mr. Lundin tells his readers that Asanko Gold continues to offer upside leverage to rising gold prices, and the stock continues to be a buy at current levels.

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