{
  "docId": "019dd923-622c-750b-8b96-91b6b54834a7",
  "docSlug": "9776de5e0578",
  "documentTitle": "Asanko Gold Inc. (AKG)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-05-31 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 4,
  "pageCount": 43,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "executive_summary",
  "function": "frame_problem",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "The text serves as an executive summary for a short-seller research report.",
  "elementsJson": [
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-91b6b54834a7/4",
  "deckHref": "/decks/019dd923-622c-750b-8b96-91b6b54834a7",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-91b6b54834a7.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-91b6b54834a7#slide-4",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We are short Asanko Gold Inc. (\"AKG\") because it is highly likely to end up a Zero.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-203c-716b-be70-49625e2242ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.31
      },
      "kind": "paragraph",
      "text": "Nkran could be on the verge of two discrete, but related, calamities: Major wall collapse or \"pinching out\". Significant portions of Nkran have already collapsed.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28c71896-999a-4fff-ba82-7a749c4e2333",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.78,
        "x": 0.11,
        "y": 0.13
      },
      "kind": "paragraph",
      "text": "We are short Asanko Gold Inc. (\"AKG\") because it is highly likely to end up a Zero. Flawed geology led to investments in Nkran, Esaase, and various satellite deposits that in our view are unrecoverable.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c989ed8-5345-4f2b-bf87-1cccb9f2de0d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.55
      },
      "kind": "paragraph",
      "text": "Nkran might be about to \"pinch out\", in which case its remaining LoM could be less than six months, or just 25% of the original plan.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a23c3b71-5886-4dd0-98f0-8fb3fcf8c32f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.73
      },
      "kind": "source-note",
      "text": "1 AKG, Q1 2017, Earnings Conference Call\n2 The Kumasi region of Ghana...\n3 This is evident from the original 2015 Mine Plan...\n4 AKG, Technical Presentation, 2016-05-11, p.30.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "942a743f-1efb-4eaa-bd3a-d8e4c57ddf67",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.11,
        "y": 0.09
      },
      "kind": "title",
      "text": "Introduction: AKG is Highly Likely to End Up a Zero",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5b6479b4-99ce-4642-8b8e-033c5df4192b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}