…Asanko Gold (AKG) vs the Gold and Silver Miners Index (XAU), from June 28th 2016:
That date chosen because it’s the day K2 Associates announced its short position against the company. For all of 2016 there wasn’t much difference between the two squiggly lines, but we’re suddenly seeing the K2 position validated.
When the short was announced Canadian sell side queued up to mock K2 Assoc for its trade. They’re not laughing now and as K2 said at the time there’s a potential 90% downside for the stock, there could be more pain for the lapdog stuffed suits to come. Only halfway there so far.