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  "documentTitle": "Asanko Gold Inc. (AKG)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-05-31 00:00:00",
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  "notes": "The slide uses visual evidence of wall collapse to argue that the company is underestimating the cost and scale of necessary repairs.",
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      "text": "To stabilize the west wall and rebuild a new access ramp would require a large push at great expense.",
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      "text": "NE Corner of Nkran Pit (Before) May 2016",
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      "text": "SW Corner of Nkran Pit, May 2016",
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      "text": "The west wall collapse is a problem because it limits access to one functioning ramp even before the start of the peak rainy season. Several sections around the east wall above and below its ramp are also exhibiting signs of stress and being at a risk of further collapse. A failure along the east wall would be a severe issue for AKG because it would cut off access to the ore at the pit bottom. To stabilize the west wall and rebuild a new access ramp would require a large push at great expense. AKG has not publicly estimated the tonnage involved in moving the walls back, but we believe it would exceed 37 million tons in order to expand the surface area of the pit and continue to access new ore zones at Nkran.",
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      "text": "May 2016 satellite imagery shows that the southern section of the west wall appears also to have started to fail even earlier.",
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