UNAUDITED Q3 Financials, as usual...nothing newDebt/Equity=102.1/41.3=2.5 (industry average 0.25),... AISC=$2,290 per oz (BFS shows AISC=$853), ....Total receivables and other assets=$7,701,000 as of Sep'30 2021 (December 31, 2020 was $3,372,000), ....No wonder financial key ratios & indicators worsening. It's a HEAEVN, no financial management & no internal control at all.
Most funniest part of this Q3 results is STGO already been chosen 10.5% as a Discount factor. "..discounted using a risk-free rate of 10.25%.. ." from page #13, Condensed interim financial statements. But BFS used 5%...HAH...Rejected by facts STGO's regulatory documents. What if use 10.25% as a WACC/Discount factor? IRR must be much lower than 24%...
+ Filename "Deveron - Dec.31.2015FS.cvw" on the top of document. Who did it? Exactly not the STGO's financial team.....HAH...COPs even can't do their FS correctly....