Ashanti Gold Corp. GULSF

RE: RE: RE: RE: RE: RE: RE: RE: Consolidation

[dyzc]

hi gashunter. Its pretty much the same company with two differences over the last weeks:

1.MNL didnt anounce a reverse split yet.
2. in the beginning of march the CFO bought 4 million shares in the public market. Average price of 0.015 cts.

My guess (for what its worth) is that they are trying to get a new financing together to drill Maria (by reverse splitting gul). If that works, then they do not have to do a reverse split for mnl. And mnl still owns a percentage of the maria block. Which could mean that the stock on mnl will rise without a reverse split. If it then rises, they could do a pp.

Then again. If this drill or financing doenst work out, they still have mnl to do a reverse split to get more financing.

Its just a guess.

Theres is also a lot to say about the company but summarized: they are really quit and do not respond on their email, so theres not much update on the company. I think that is a really really bad smell.