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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd. is engaged in the business of precious metals and minerals exploration sector. Its project includes Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, Uudam Khundii UK Project, and Tres Cruces Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. It also owns an interest in the Tres Cruces Gold Project located in Northern Peru.


TSX:STGO - Post by User

Comment by Jack79on May 20, 2021 8:50am
92 Views
Post# 33236538

RE:RE:RE:RE:Expanding capacity of loan collateral, not mine ops.

RE:RE:RE:RE:Expanding capacity of loan collateral, not mine ops. Ogo...STGO mainstream revenue will go through TDB bank now. Bank account locked for that. What happens to Triple Flag? They agreed that? I've seen early Triple Flag sold some shares. It's not easy working with a large monopoly bank in mongolia. https://jargaldefacto.com/article/erdenebilegism-ii-mongolia-s-next-corruption-episode?lang=en

citation "...The history of the Trade and Development Bank (TDB)’s privatization is connected to Prime Ministers.....Currently Erdenebileg owns 93 per cent of TDB via four different companies registered abroad, all of which are fully owned by him.....Justice Minister Ts. Nyamdorj declared that over 70 mining licenses are currently held by the two banks owned by D. Erdenebileg...."

More "forensics", more interesting facts. As you said Ogo, why not just normally borrow loan, draw it when needed without paying extra interest. Something horrible beneath iceberg....
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