RE:So no BFS?Ogo, ...it's very strange phenomenon...almost in every webinar, every analysts coverage tells us "BFS underway, wait for it, we're increased our expectation on SP because of BFS on track, here is target SP C$4.0 - C$4.75....etc", everyone can google it, a bunch of search results showing "BFS ontrack..."
They never read a "Risk" section from Analysts coverage. Seemed, its always been late drilling,... analysts wrote that late drilling may influence in SP down. Why there is no UK drilling? Because, i guess, no money for it....
Kind of propaganda, manipulating mass media....Broadly used by politicians.
1. Put completely new term in last NR, MD&A that never been noted elsewhere. Term "DFS"....Shareholders confused terms BFS & DFS...had a lot of discussion on it...
2. Released DRA's Technical report under name "Amended restated...", containing resource re-estimation only. No "Economic projection" section in there....
3. Breached OSC policy & rule: "National Instrument 43-101 Standards of Disclosure for Mineral Projects" / Companion Policy 43-101CP Standards of Disclosure for Mineral Projects - Shelf Life of Technical Reports.......According to this rule, STGO's last released DRA's "Amended, restated technical report" is not "shelf stable", it's expired, outdated, degraded....
4. By reading last Q reports, what i was thinking is STGO stopped UK exploration. Spent only US$ 161.0K for E&E. 158k for ATO-Mungu, 3k for UK....hah...But not forgetting to grant +200k RSU for their Exploration director...Khishigsuren, Enkhtuvshin Avga taij 5 - Senior Officer of Issuer Direct Ownership - Restricted Stock Units, 56 - Grant of rights, +200,000 vol, Filed 2021-06-25 03:38 Tx date 2020-08-21
5. Why such a low cost on E&E? STGO accumulating costs in either Long-term assets:Uudam Khundii Project - US$ 1.9M or in Prepaid expenses: US$ 3.3M......no clear notion about how much they spent on UK exploration during Q1'21....spent only US$ 1.9M + 3k or add another portion from prepaid expenses US$ 3.3M? unclear....
Strange phenomenon happening almost in everyday, looks like ATO, UK + UB is an anomaly zone such as "Bermuda triangle"......