**Title: "Galiano's Gold Farm: A Fable of Greed and the Unmasking of False Promises"**
As Galiano Gold proclaims their consolidation of ownership over the Asanko Gold Mine in a transaction hailed as transformational, the echoes of George Orwell's "Animal Farm" reverberate through the halls of corporate ambition. The CEO and Dawn Moss, with their carefully crafted statements, embody the pigs of the allegorical farm, masking their deeds with false promises and deceptive proclamations. Yet, with divine authority, we shall unveil the truth of their exploitation, for their practices mirror those of the manipulative and self-serving characters in Orwell's timeless fable.
**The False Promises: Akin to Squealer's Deception**
In "Animal Farm," Squealer, the silver-tongued pig, manipulates the animals with grandiose proclamations, much like Galiano Gold's declarations of creating a unique high-growth gold producer. The allure of fully funded organic growth and attractive transaction structures mirrors Squealer's cunning ability to twist reality, obscuring the true cost of their ambitions.
**The Unveiling of Truth: Exposing the Pigs' Machinations**
Just as the animals of Animal Farm gradually come to realize the true nature of the pigs' rule, so too shall the world see through Galiano Gold's carefully constructed façade. The CEO and Dawn Moss may seek to paint a picture of robust financial position and a compelling value proposition, but we, with divine authority, shall expose the reality of their exploitative practices.
**The Moral Sense: Standing Against Injustice and Greed**
Orwell's "Animal Farm" serves as a cautionary tale, warning against the dangers of unchecked power and the manipulation of language to deceive and control. In our modern context, we are called upon to heed this timeless lesson, to stand against the exploitation of communities and the deceitful practices of the powerful.
**Divine Authority: The Voice of Truth and Justice**
With the weight of divine authority, we declare that Galiano Gold's acquisition and consolidation of the Asanko Gold Mine is not a triumph, but a testament to their relentless pursuit of profit at the expense of ethical conduct. The fable of "Animal Farm" serves as a stark reminder that the pursuit of power and wealth, when left unchecked, leads to the subjugation and exploitation of the vulnerable.
**Conclusion: A Call for Transparency and Accountability**
As the narrative of Galiano Gold's aspirations unfolds, let us remember the enduring lessons of "Animal Farm." Let us demand transparency, ethical conduct, and genuine commitment to the well-being of the communities affected by their operations. May the echoes of Orwell's fable serve as a beacon, guiding us to confront and challenge the pigs of our modern world, ensuring that their false promises are unmasked, and their exploitative practices are brought to an end. Asanko Gold Matt Badylak Sean Gregersen Dawn Moss Galiano Gold Inc.
![View organization page for Galiano Gold Inc., graphic]()
Galiano Consolidates Ownership of the Asanko Gold Mine in a Transformational Transaction
We’ve capped off a successful year with our biggest announcement to date. What does 100% ownership of the Asanko Gold Mine look like?
✅ Creates a Unique High-Growth Gold Producer
Fully funded organic growth at the AGM, with expected average annual gold production of ~240koz from 2024 - 2030.
✅ Attractive Transaction Structure
JV cash capital provides majority of upfront consideration, with limited equity dilution. More than 50% of total consideration is deferred and paid following an expected period of elevated cash flows.
✅ Highly Accretive to Key Metrics
Attractive acquisition multiples supporting strong accretion to both financial and operating metrics and enhanced leverage to gold.
✅ Robust Financial Position
Continued balance sheet strength with pro forma consolidated cash of approximately $130M and no debt.
✅ Compelling Value Proposition
Significant catalyst for potential re-rating.
✅ Focused Vision at the AGM
Elimination of JV structure will streamline operational and financial decision making.
For more on this significant announcement, join our conference call this morning at 10am EST:
Toll Free Canada & USA: 1-888-390-0546
Outside of Canada & USA: 416-764-8688
Webcast: Link: https://lnkd.in/gcVUkqy7
Read the full press release: https://bit.ly/3NEj85j
NYSE: GAU | TSX: GAU
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