On February 26th 2017, Jeff Killeen of CIBC did his best to assuage any niggling doubts that may have been forming in the minds of those clients he and his firm has guided into Asanko gold (AKG) (AKG.to) by saying:
“Although concerns may remain, we see limited downside for AKG shares in the near term in light of the recent ~20% decline…”
On that date, AKG was a CAD$4.00 stock. So let’s see how things have got on since then:
Hmmm, CAD$2.59, down 27% (and the Gold/Silver index flat over the period). Looking forward to your next update on AKG, Jeff.