A Race to Bankruptcy, Fall winter's fall in SP continues...The management says everything delays because of Covid impact, then CEO buys at $1.64...where is the Sprott's baseline $2.15? Or management instructing locals to buy below $1.64 at MSE? What sinister plan might have behind Covid? Was there a real covid impact on gold sector ?
https://thediplomat.com/2021/04/mismanagement-fuels-mongolias-covid-19-spike/ ..... "..Meanwhile, because of the snap decision to close the borders and cancel international flights
in March 2020...Throughout the pandemic, the MPP government has earned a reputation for
indecisive actions, inconsistent decisions, and mixed messaging" ... it was obvious from the beginning, in March'20's already been closed borders.....Then STGO said in Q2'20 as : "...The COVID-19 pandemic has not, to date, resulted in
any material impact on Steppe Gold’s operations and the Company currently does not expect it will materially impact its 2020 production..."
2020's was a full of lockdowns & high covid risk year. But BoM announced a recorded high gold purchasing year. "..As of December 28, the central bank had secured
23 tons of gold, breaking the
previous record of 22 tons in 2018 and increasing by 7.8 tons compared to the previous year..." ....
https://resourcegovernance.org/analysis-tools/publications/mongolia-updated-assessment-coronavirus-extractive ..... "The pandemic’s impact on gold extraction may be positive as gold prices have increased, and the
government prioritizes this sector." .... Mongolian Government supporting gold sector, therefore providing financial aids, which STGO already participated in this aids by borrowing around US$ 10.M loan from TDB bank......
Q2'21 on 16th'Aug....let's see what's in there.....