Asanko / Galiano Gold

Galiano Gold (GAU) overlooked.

Formerly known as “Asanko Gold Inc.” This is a company with strong management, is debt free, has a lot of cash on hand, and is conducting its mining operations in Asanko Gold mine land package (Miradani North, Akwasiso, Nkran Cut 3, Abore).

Great 4th Quarter numbers!!

- Produced 65,571 gold ounces

- Sold 60,655 ounces of gold in Q4 2020 at an average realized gold price of $1,828/oz for record total gold sales proceeds of $110.9 million

- Exceeded top end of production guidance for 2nd consecutive year

- An updated Mineral Resource and Reserve Estimate effective June 30, 2021 is expected to be released in Q3 2021à this is exciting considering the positive results of Nikran Cut 3.

This company is debt free and has 65 million dollars in cash and receivables. GAU is also reducing the cost to mine an ounce of gold from the ground by $100/oz.

GAU is undervalued at its current cost $1.10 per share, has bottomed in the range of 1.03 and 1.06.

This is not financial advice and I am no financial planner or expert.

/r/u_charavaaha Thread