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  "docSlug": "9776de5e0578",
  "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 satellite imagery comparison of the SE corner of the pit.",
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      "text": "Our investigators in Ghana spoke with 21 sources who have extensive knowledge of the Nkran mining operation. These sources detailed serious concerns with the condition of the Nkran pit, where wall collapses have blocked access to the west ramp for over one month.",
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      "text": "SE Corner of Nkran Pit (After) March 2017",
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      "text": "SE Corner of Nkran Pit (Before) March 2016",
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      "text": "Our investigators in Ghana spoke with 21 sources who have extensive knowledge of the Nkran mining operation. These sources detailed serious concerns with the condition of the Nkran pit, where wall collapses have blocked access to the west ramp for over one month. This is a problem for AKG, which is now left with a single functioning ramp as it enters Ghana’s peak rainy season. The severity of this problem is magnified by cracks that have also appeared along the north, northeast, east, and southeast walls; and, which continue to present problems in the northwest and southwest corners. Further, there have been smaller collapses in the pit. Even in a scenario without additional wall failures, we estimate that Nkran may have as few as two benches of additional depth (at 18 meters per bench) that can be mined before “pinching out”.",
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      "text": "Ghana’s monsoon season has two peaks commonly falling in May/June and August/September. This year the heavy rains started in April. Based on our review of satellite imagery, there are at least three areas in the pit that experienced major failures due to the 2016 rains.",
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      "text": "Nkran is already experiencing serious wall collapses",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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