RE:Remember when mngmnt sold 39% for $8.3M ?Ogo..that's real fact....it must be well planned spec.ops rather rookie or inept. No wonder STGO good at Debt management, not the gold production. That's why MANAGEMENT still there, ...almost no difference hired/fired once they had "insurance" 3X salary + bonus.
Such an illusions created by STGO magicians. 115% Debt/Equity...still nothing from "niche" MSE, CEO MSE said, increase in SP + dividend, attractive. Local investors definitely will see that financials & say f'ck it..... Kick Mark Lewis, welcoming advisor from Chinggis Khan bank. That bank not even in the list best banks of mongolia by asiamoney, the banker magazine, euromoney...Then suddenly disappears from BoD, CEO bought back shares, as a "Fiduciary Duty" i guess.
What if just wash the gold, not the money....jmho
https://www.asiamoney.com/article/27y4zuo1kzz9nidyxbg8w/awards/best-bank-awards/best-bank-awards-2020-mongolia