CAPITAL MARKETS

Muddy Waters blues for gold miner Asanko

AUSTRALIAN gold miners and executives such as Peter Bradford and Ross Ashton could be watching on with more than a passing interest at events in Toronto where “short selling” firm Muddy Waters has put severe pressure on Asanko Gold, the West African gold producer that emerged three to four years ago when it joined forces with ASX-listed PMI Gold Corp in a scrip deal.

Michael Quinn
Muddy Waters blues for gold miner Asanko

Muddy Waters’ suggestion that Asanko “is highly likely to end up a zero” caused Asanko shares to fall 13% in early TSX trade Wednesday before trading was halted. The short selling firm made a number...

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