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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK 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.


TSX:STGO - Post by User

Post by Jack79on May 04, 2021 11:23am
114 Views
Post# 33123428

3 musketeers of STGO castle

3 musketeers of STGO castle3 musketeers talking about everything fine at STGO castle...Again "positive" cash. The castle attacked from everyside. And 3 musketeers drunk & happy for their dream life. It's just cannot  "positive" unless STGO had so much debts, borrowing loans to support normal mining ops. 

So what's eating EBITDA naturally in terms of accounting? 1. Finance costs raised from debentures fair value revaluation..2. Forex realized loss...Both representing financial mismanagement. What if they just choose USD as a functional curr. once BoM paying them in USD for gold sales and use SWAP to avoid forex fluctuation risk? Most of STGO purchasing in USD or RMB, i guess...... In which currency they'll pay for DRA? MNT? 

Very short history can't put "at a glance" in their web, true....but why always lying "we have tons of dollars in our safe"..in YE2020, i guess no FCF generated from gold sales & -ve 5mio net cash. Of course they borrowed from someone to fill that -ve gap, bank account cannot be below zero. 

Just dislike for that "positive everyday". Who preparing financials & informing management? Again miscommuncation or management still discovering own business they conducting? "X files" - Truth is out there....

 
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