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  "documentTitle": "Asanko Gold Inc. (AKG)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-05-31 00:00:00",
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  "notes": "Includes a table detailing 2018 production assumptions by mine site.",
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      "text": "When we carry the AKG's excess liquidity into 2018, and include the company's amortization of the loan and second phase of the wall pushback, we project the company has a cash shortfall ranging from -$43 million to -$129 million.",
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      "text": "AISC Cost and AISC Margin ($/oz)",
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      "text": "Production guidance reiterated for 2017; Cost guidance updated for 2017; Gold price assumption $1,200/oz",
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      "text": "excess liquidity: -$129 million",
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      "text": "Assumptions for 2018 Sources and Uses Case: Production Assumption: Production of 176,156 ounces on the high end and 111,364 ounces on the low end.",
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      "text": "AISC Assumption: We assume AISC drops to $777/oz, which is substantially lower than their 2017 guidance and where the company have been averaging.",
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