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