Q3 nears...what they think about it?Still no f'cking gold, no sh't DFS...Worst than Q2 results, i guess...COP parasites sucking company's potential. BDO refused to accepts Q2 Financials. Nothing happened since 2020 when STGO announced cross listing in MSE, $2M fundraise there....
Just after 2 weeks Q3 ends...But STGO's management dreaming about $200.0M. Borrow own money paying extra 3.6% to local bank. While i'm carefully watching what UK PM Boris's brother Max's interview, he told that he suspesting local bank's involvement for such money laundering schema. Including state owned Development bank of Mongolia. Everyone can google it under query "Max Johnson case Mongolia", a lot of news there.
So, as he said, how that laundering schema works. At the first Mongolians was very kind, confident for getting FDI. Raised $19M. Then they wants add more more debts/loans for nonsense like STGO did before. Welcomed Chinggis khaan bank's advisor as BoD member, which later found very bad news about that bank.
MNIF is the daughter company of Development bank of Mongolia. Which STGO held MNIF debentures. They deposited $5M as savings, but disclosed it as short term investment in Capitron bank with 3% interest pa. Later they borrowed own money, paid extra 3.6%....So that's looks kind of schema as Max told, i guess.
And all this was under CFO's eyes. Unbelievable....