Investing

Dermot Desmond’s punt on African Gold teeters on the edge

The billionaire Irish sponsor of the blank cheque company stands to lose a significant amount of his investment as the gold firm has a mere two months to complete a major deal while also dealing with the fallout from a major embezzlement case

Dermot Desmond: African Gold Acquisition Corporation, a New York-listed blank cheque company sponsored by Desmond, has just two months left to complete a major acquisition. Picture: Getty