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Mining investment legend Ned Goodman joins Asante Gold

Investment heavyweight Ned Goodman has joined the board of Asante Gold
Gold bullion bars
Goodman likes gold and Africa

As mining pedigrees go, it doesn’t come much better than Ned Goodman. Mr Goodman’s a former board member of Barrick Gold, one of the world’s biggest gold mining companies. He was one of the prime movers behind the discovery of the Hemlo gold mine as the biggest shareholder in International Corona, was also involved in the foundation of Kinross and Dundee Precious Metals, and had a hand in the growth and success of Quadra FNX.

All of these enterprises ended up as multi-million or billion dollar concerns. And it doesn’t end there. Mr Goodman’s interests outside mining are also extensive too, and include exposure to real estate and agriculture.

All-in-all a useful man to have around and a real feather in the cap for Asante Gold Corporation (CVE:ASE) that he’s elected add the chairmanship there as a further string to his bow.

What does it say about Asante that Goodman has joined?

It says that Goodman’s publicly stated new focus on Africa is gaining critical mass.

It says that Asante’s chief Doug MacQuarrie can make effective use of his rolodeck, following on from his previous successes with PMI Gold. And it says that Asante’s asset suite in Ghana has real promise, as it moves forward with plans to develop the Kubi project into a 30,000 to 40,000 ounce per year producer.

It also reinforces a view of Goodman’s that he’s put into the market before: “Gold is money and will become money, and all inflationary paths in the world lead to gold,” he said.

This year Asante has raised new funds through several small financings, and also paid off more than C$1 mln in trade debts through the issuance of shares.

 

 

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