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Matthew Piepenburg: The gold market's 'Why Me?' moment and the dark side of manipulation
12:55p ET Tuesday, August 10, 2021
Dear Friend of GATA and Gold:
Matterhorn Asset Management's Matthew Piepenburg, writing today at King World News, construes this week's flash crashing of gold as part of a scheme to help overextended bullion banks obtain metal on the cheap as they try to move into compliance with "Basel 3" regulations limiting exposure to derivatives.
Piepenburg's analysis is headlined "Gold Smash: The Gold Market's 'Why Me?' Moment and the Dark Side of Manipulation" and it's posted at King World News here:
https://kingworldnews.com/the-gold-markets-why-me-moment-and-the-dark-side-of-manipulation/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Asante Gold Announces Acquisition of Resolute's Bibiani Gold Mine in Ghana for US$90 Million
Company Announcement
via Globe Newswire, Omaha, Nebraska
Wednesday, August 4, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp (CSE:ASE / Frankfurt: 1A9 / U.S. OTC:ASGOF) announces that it has entered into an agreement with Resolute Mining Ltd. to purchase 100% of the Bibiani Gold Mine in Ghana.
Asante has agreed to buy all of Resolute's interest in Bibiani, through the purchase of 100% of the shares in Mensin Bibiani Pty Ltd., by paying to Resolute total cash consideration of US$90 million ...
The agreement has received ministerial consent, having been approved by the Ghanaian minister of lands and natural resources, with completion expected 10 days after the date of this announcement (subject only to no material adverse change over this period). ...
To fund the initial payment, start-up, and working capital, Asante has accepted subscription receipts from accredited investors for C$80 million, which on completion will convert to 118,857,143 Asante common shares at C$0.70 per share. A finder's fee of 4% of the total subscription receipts is payable in shares. No new control blocks will be created as a result of this financing. ...
... For the remainder of the announcement:
https://finance.yahoo.com/news/asante-gold-announces-acquisition-resolute-003100480.html
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New Orleans Investment Conference
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2 Poydras St., New Orleans, Louisiana
Tuesday-Friday, October 19-22, 2021
https://neworleansconference.com/wp-content/uploads/2021/08/NOIC2021_Powell.html
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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