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  "documentTitle": "Asanko Gold Inc. (AKG)",
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  "authorName": "Carson C. Block",
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  "notes": "This is a research note page focusing on corporate governance and transparency issues regarding mining data.",
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      "text": "We do not take these explanations at face value. In our view, the company has had all the data it needs to perform the reconciliations.",
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      "text": "We do not take these explanations at face value. In our view, the company has had all the data it needs to perform the reconciliations. Satellite photos and drone footage show that grade control drilling has been ongoing in the pit. Our investigator interviewed 21 mine employees who confirmed that company’s trucks are equipped with GPS. The location of each load of ore and wastes origin from the pit and its delivery point in the stockpile has been collected. Nevertheless, the reconciliation has been delayed for over 12 months.",
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      "text": "Beginning in July 2016, AKG began providing dubious reasons for delaying releasing a full reconciliation of its original block model. The essence of ore grade reconciliation is to assess actual production versus the model. We suspect that reconciliation back to the original Nkran block model will demonstrate that flawed geology underpins the original Nkran MRE. Management has offered the following reasons for not releasing the reconciliation (emphasis added):",
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      "text": "Due to the complexity in planning a schedule for 11 different pits and the detailed design process, we now anticipate publishing the expansion feasibility study in Q2 2017. – February 2017",
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      "text": "We started to open up and now are getting into that main sandstones on to mineralization and the first month that we were mining that reconciliation was awful... But that now is moving towards the east more and more and its opening up nice and widely just like we predicated and I’m sure that that reconciliation will improve and that’s why we said to the market is we will give the market update and those reconciliations next Jan. – November 2016",
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      "text": "We will anticipate that this reconciliation will take another six months of mining in the main mineral domain to be able to clearly reconcile our mineral resource to grade control and our reserve estimate to plan feeds. – July 2016",
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      "text": "\"We will anticipate that this reconciliation will take another six months of mining in the main mineral domain to be able to clearly reconcile our mineral resource to grade control and our reserve estimate to plan feeds.\" — July 2016 (AKG, 2Q16 Earnings Call Transcript, 2060720). \"We started to open up and now are getting into that main sandstones on to mineralization and the first month that we were mining that reconciliation was awful...\" — November 2016. \"Due to the complexity in planning a schedule for 11 different pits and the detailed design process, we now anticipate publishing the expansion feasibility study in Q2 2017.\" — February 2017 (AKG, Press Release, 2017-02-24).",
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      "text": "124-128 Footnotes detailing conference calls, press releases, and technical definitions.",
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      "text": "AKG creates opacity by delaying release of its block model reconciliation for over one year",
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