NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Asanko Gold Inc. (NYSEMKT: AKG) concerning possible violations of federal securities laws.
On May 31, 2017, the investment research firm Muddy Waters, LLC published a report on Asanko asserting that: (1) Asanko made investments based on flawed geology in Ghana’s Nkran, Esaase mines that Muddy Waters believes “will never be recovered;” (2) Nkran is already experiencing a serious collapse of its west wall requiring a $75 – $115 million spend to keep mining, which is likely to cause Asanko to run out of liquidity in 2018; and (3) there are indications that some of Asanko’s resources models have been “smeared,” which would cause estimates of their ore contents to be inflated.
If you suffered a loss in Asanko and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/AKG-Info-Request-Form-157.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.