Akrokeri-Ashanti: "...Public companies cannot make a buck with placer deposits. This was a joke for years in Ghana.", roan wrote.
Why is this the case? Is it because of the unpredictability of the ore extensions? (Books on "Sedimentology" make it look complicated.) Or the great quantities of mud? Or what?
I liked the fact that the placer gold recovered (by panning the dark sand coming out of Knelson concentrators) was raw metallic gold dust, requiring no evil chemical treatments (arsenic, cyanide, mercury).
"It must have a Ghanaian sub that would probably still be in existance in Ghana, what happened to the assets?"
That's what I'm wondering too (I have some shares still; I bought a little and held -- largely because I was charmed by the web-page, I suppose, and I gambled unsuccessfully that the creditors would not want to close down the company). It had several other Ghanaian subsidiaries besides Bonte. Some of the other license assets in Ghana were pledged to creditors as collateral for loans for the equipment at Bonte, I believe, and the Bonte Mine subsidiary (if not Akrokeri-Ashanti itself) left a clean-up mess that might have lingering liabilities beyond the reclamation bond. I imagine that the galimseys (local artisanal miners) will swarm over the Bonte Mine now looking and digging for goodies. But maybe not quite all the Akrokeri assets were reached or pledged. Also, unless there are serious liabilities, any Toronto company might have some residual value as a "shell company" or vehicle for a new company to get listed.
I think maybe the AKR.H shares on the NEX exchange are subject to the same halt or "no trade" order that was issued for the Toronto Venture Exchange for AKR.V As an experiment, I tried buying some AKR.H shares online on Friday but got no execution. I doubt that my offering price was too low...
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