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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

Post by Jack79on Sep 15, 2021 10:10pm
154 Views
Post# 33866890

Q3 nears...what they think about it?

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....
 

 
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