RE:BFS...CEO promises made, promises not deliveredThere is no difference between terms DFS & BFS according to CIM definition standard. Even it was BFS, nonsense, .. wasting money on that. Because no one willing to invest in STGO at the current. Only loans & debentures with high interest rates applicable under tight control of lender. So, personally i'm not concerning on definitions. More on:
1. If no gold sales, what will happen. They'll borrow more money with high interest to repay previous loan, debentures or stream. More borrow, more risky....In Mongolia, even Govt. doing that https://montsame.mn/en/read/238000 That's "Mongolian way"
2. How to achieve "positive" outstanding amount in bank account during no sales or low sales below break even season? Net cash -ve, of course...that's the net transaction deficit/or surplus...The way to keep that "positive" is not paying for mine contractors/subcontractors. They will claim that money, go to court, of course. But until judge make its decision, that process will took around 3-5 yrs. So, you have money till judges make decision..;) easy peasy
3. If that DFS for DRA & Phase-II, why Crusher came first? That new one is no relation to CIL plant? Interesting, in which class of assets (PPE) STGO put in loan collateral? And valuation of that assets by demostic banks. MNIF, TDBM, Capitron bank...
4. If all mine assets locked for loan collateral & gold dore for stream payment, what's left for TSX shareholders? Local banks lending money based on 50%-65% of collateral value.
5. STGO is hoping dual listing will increase "subscribers" & raise more money from MSE. But it will be try hard, again. Even institutional investors prefer invest based on kind of asset/collateral basis. Because it's risky.
What's beneath iceberg? ....