Take physic, pomp

My favourite bit of the CIBC note on Asanko (AKG)…

…dated Sunday Feb 26th and using the Friday close price of CAD$4.00 as reference:

“Although concerns may remain, we see limited downside for AKG shares in the near term in light of the recent ~20% decline…”

Here we are three days later and AKG is another 12.5% down. This is the type of “must sponsor” company that’s at the very heart of the sell side brokerage racket. Denial is not a river in Egypt, Jeff Killeen.

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