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  "documentTitle": "Asanko Gold Inc. (AKG)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2017-05-31 00:00:00",
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  "notes": "The slide uses a chronological list to build a case for management inconsistency and potential failure of specific mining assets.",
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      "text": "The subsequent demotion of the Adubiaso and the Nkran extensions imply their expected economics are poor.",
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      "text": "The subsequent demotion of the Adubiaso and the Nkran extensions imply their expected economics are poor. Neither Adubiaso nor the Nkran Extensions remain featured in the latest satellite deposit development plans, even though these are two of the original satellite pits. Their ultimate demotion in the schedule contradicts May 2016 claims that these deposits were “early successes”.",
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      "text": "Delays and changes to AKG's satellite deposits and expansion plans",
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      "text": "We theorize that the Adubiaso Extension no longer features in the mine plan because once AKG analyzed grade control drill results from Q3 2016, it realized the Extension likely did not contain significant amounts of gold. In October 2016, AKG stated it would be mining the Adubiaso extension in 4Q 2016. However, Satellite analysis shows that after grade control drilling the Adubiaso extension in Q3 2016, little to no further activity took place on site. AKG seems to have quietly walked away.",
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      "text": "The most recent change took place on May 23, 2017, when Dynamite Hill was postponed again and Akwasiso was advanced to the front of the schedule.",
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      "text": "Their ultimate demotion in the schedule contradicts May 2016 claims that these deposits were “early successes”. — AKG, Investor Presentation, 2016-05-02",
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      "text": "Footnotes 38, 39, 40 citing AKG Investor Presentations.",
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