Hide & Seek - A psychological horror......What makes STGO looks so ugly...Hiding material facts & Seek personal outcome only. That's main reason why mngmnt looks like they have "dissociative identity disorder" & company itself looks so ugly....
OSC disclosure rules clearly defined how listed company to be fair to its shareholders....
https://www.osc.ca/en/industry/companies/continuous-disclosure .... WHAT IS MATERIAL: "Would a reasonable investor's decision whether or not to buy, sell or hold securities in your company likely be influenced or changed if the information in question was omitted or misstated? If so, the information is likely material."....."a change in the business, operations, or capital of a company that would have a significant effect on the market price or value of its securities.."
SP far below that ES baseline, $2.15 .... interesting, how STGO will present that difference in their Q2? by adding $1.0 billion "virtual cost" to Financial statement? Then no dividend again, -ve EPS....illogical when +EBITDA, +FCF then -ve EPS.....something not right in their financials, manipulating official disclosures numbers, which is illegal.....Why is that "dissociative identity disorder" is harmful for shareholders, here is why,....they working on both side, operations & presentation layer:
- Operations layer: Hiding material facts/events. Increasing CAPEX, which is good for them make some money for themselves, not for the company. Announced Long lead procurement plan which is not reasonable to achieve during covid lockdown period.
- Presentation layer: Usually misstatement or wrong translation into financial language. Seemed MNP auditors failed on that, then bring BDO. Confusing non-GAAP metrics with GAAP/IFRS standards. Means unprofessional attitude...At the beginning, CFO confused AISC with Cash costs...unbelievable
Why don't just tell the truth, set few easy targets & hit them. IMHO