RE:RE:Built a position today, very interesting. Any predictions? Yup....Agree with both of your assessments, and have been purrchasing over the last year (even after IPO at those higher levels....So I've significantly averaged down the price of my position over the last several months at the lower SP levels).
STGO Management is EXECUTING....everything exactly as they've said in all releases to date. I truly appreciate their upfront nature and information-filled releases...often more information than you would find in other similar company updates/releases. It just demonstrates they've made the plans, they've done the deliberate preparations, they've done the assessments (on the back of $30 mil in work done for them previously by Centerra) and now they've executed to build the plat up to the doorstep for production and soon to poor first gold! Any delays or issues to date have been pretty minor in nature and have all been overcome by the team is seems, so I can't imagine they'll have any issues with the Cyanide permits over the next few weeks....I have to think from that point on we'll quickly revisit the IPO share price (which is a double from today's SP), and then when into production...assuming no major unforecasted issues, we'll be sailing much higher from there.
Saw an Analyst 12-mo target from several months ago for $1.75....I would think that target will be revised upwards once they are in production - that's a game changer!
The fact that that they raised an additional 3 mil which they didn't need or plan to due to more than anticipated interest speaks volumes....and speaking of volumes, I think we're already starting to see volume of shares traded climbing with the recent news and SP climb.
$3 is easily visible, and if they're being "conservative" at all in their anticipated production rates, we could also see your $5.50 share price in the mid term....long term if the larger / long term deposit they're planning to develop goes as planned we're going to go even higher than that if they don't get taken out by a mid or major before then!
I think the whole country risk that some has sight is overborne - this team is a well-integrated part of the Mongolian community, political and economic landscape and know the "lay of the land" - I've heard them say in many of the interviews that the current Mongolian government is "open for business" so I don't think any real/perceived stability issues of years past is much of a consideration here.
Enjoy the ride folks! :0)