RE:WT Heckdapperden wrote: Anyone know why this is going down.We are close to a 52 week low with what I thot was a positive news release recently.
In looking at the chart we can see that the stock price has flat-lined or decreased in value since the beginning of the year. It especially took a hit in February, when K2 + Associates issued a report on the stock.
It would seem that the most recent press release may have corroborated the issue at the mine which they identified in that report.
Essentially the February K2 report identified that:
Asanko appears to have deviated from their initial mine plan by mining deeper than planned in the ore zones and reducing/falling behind on planned waste stripping cutbacks.
It would appear that the issues addressed in the February report were more serious than what may have originally been expected. This has resulted in continued erosion of the shareprice.
You can read the full report here:
https://www.asankoreport.com/