RE:STGO reminds me of when the circus comes to town..completeHoly sh"t...yes, that's real sh't horror circus....FUD. Usually companies set 1 common goal to achieve it. But seems STGO management had different views & objectives...CFO said it's truly a Mongolian company, that's why its better to raise funds there. CEO said, we cannot deal with local banks, so better seek funds abroad....What a opposite positions, or inside "office politics"? micromanagement?
Jongleuring BoD members, some quickly elevated without background check, make money & left, some kicked off without proper reason. Then adding more more loans & debentures with abnormal higher interest than LIBOR+
Wrong partner or mismanagement? CFO noted in his interview..."in Mongolia, there are few well established gigant group of companies, such as MCS"....yes, seems everyone doing mining...
https://mcs.mn/en/business-structure/
https://monnis.com/companies/
This Q3 STGO about to release that "Kraken" (static crusher) and beat $4 SP, as they promising. Let's see....
Any news from MSE? so quiet...