Shareholder Alert: Girard Gibbs LLP Investigates Potential Securities Claims for Investors of Asanko Gold
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% on May 31, 2017, causing significant harm to investors.
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, visit our website or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
ContactsGirard Gibbs LLP
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Eileen Epstein, 510-350-9728
[email protected]
OAKLAND, Calif.–(BUSINESS WIRE)–Girard Gibbs LLP is investigating potential claims on behalf of
investors of Asanko Gold, Inc. (NYSE:AKG) involving possible securities
law violations.
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%
on May 31, 2017, causing significant harm to investors.
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, visit our website
or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing
individual and institutional investors in securities
litigation to correct abusive corporate governance practices,
breaches of fiduciary duty, and proxy violations. The firm has recovered
over a billion dollars for its clients against some of the world’s
largest corporations, and has earned Tier-1 rankings and been named in
the U.S.
Lawyers – Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Girard Gibbs LLP
Eileen Epstein, 510-350-9728
[email protected]
