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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

Comment by Jack79on Jun 14, 2021 2:17am
91 Views
Post# 33380307

RE:MC

RE:MCHah...that's real horror story, Ogo, when STGO moving company accordingly "Mongolian way". I heard that STGO activating MSE listing, sending analysts to mine site. But interesting thing is that analysts are mostly financial analysts, a brokers. What they will analyze? Whitewash real horror story & release nice "love drama" prospectus? That's the Q....

"....The report highlighted a 6 percent drop in newly issued loans. Only lending to non-mining and non-agricultural sectors increased...." the UBPost says,   https://theubposts.com/overview-of-pandemic-impact-on-banking-sector/

Which means mining sector considered as risky.  Local investors prefer leave their money in bank account. Or invest in other sectors than mining & agriculture. So, that's why deposits increased dramatically. ........ https://www.ceicdata.com/en/indicator/mongolia/total-deposits

Who will invest in STGO? Almost most of big banks announced IPO same time. Which is most profitable sector of Mongolia....Also some financial institutions (NBFI) announced their 2nd tranche bond issue, below

MSE noted: "...According to the Resolution No.: 200 of FRC, dated on May 27, 2021, FRC has listed and approved for trading the 200,000 units of debt instruments worth MNT 20.0 billion of 'Invescore NBFI' JSC, each instrument with 100,000 face value and 12-14% annual coupon rate...."     https://mse.mn/en/news/8591

ROI least 12-14%......How about STGO...:) -ve ROI won't attract investors, definetely....imo
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