Muddy BS...lies and fabrications....AKG is a screaming buy!Sell....!!! Um....why?
1) AKG used $2,000 oz gold price in their financial projections! NOT. They used $1,300, the industry standard. Lie #1
2) Insiders knew what was coming and they dumped their shares! NOT. Insiders moved shares from indirect holdings to direct holdings.....rather positive don't you think? Lie #2
And here is the whopper....
3) $75M to $115M to repare collapses of the Western wall. NOT.....because....
Past SEDAR reports (see 31-Mar-2017) as well as mining expansion plans have already noted occurances of some collapses of the “Western wall”. However, this was known before AKG merged with PMI. There were often collapses on that side because the rock was soft. Why was it soft? Softer oxide......containing gold!
It has long been known that AKG's mine expansion plan included mining into the “Western wall” which makes any erosions or collapses meaningless…..they would be digging out that wall anyways as they continue to mine for gold. They do not need to spend $100M to fix the wall.....they are going to blast it out and mine it!
This is from the March 31, 2017 SEDAR report:
"Mining and processing costs are expected to decrease from current levels with the introduction of the softer oxide ores from Dynamite Hill from Q3 2017 onwards and with the commencement of the next pushback on the Western wall of the Nkran pit in Q2 2017 which will be in softer oxide material, along with increased throughput in the plant in Q4 once Project 5 Million is commissioned."
The real question is.....how big with the short squeeze be when this is made painfully obvious at Monday's meeting. Chances are that the Muddy fkrs will cover their short position prior to the weekend.....lest they be holding the bag Monday morning.