Well, good news adding more more LOAN, a Gold-2 programmeGold-2: Good ideas poorly implementing...
https://www.asmhub.mn/en/news/gold-2-good-ideas-poorly-implementing $65M not an investment, its a loan. I was thinking how they planning to repay that loan? Financing source is Govt. budget, its Govt. money. Lended by under tight control & supervision. What if STGO can't pay monthly repayments on time? Well, i have no idea what enforcement action could be taken Govt. side. Will STGO repeat Salkhit silver deposit case?
"...Detained lawyer's death shakes Mongolia..."
https://www.pressreader.com/mongolia/the-ub-post/20190227/281522227377039 "...Salkhit silver mine, which was seized by the state from private Chinese investors during a special military operation at the end of 2018..."
https://www.reuters.com/article/mongolia-imf-idUSL4N29F2QP "...Chaos around Salkhit deposit..."
https://youtu.be/W66bFeK4yC4?t=590 My conclusion is:
1. Being a part of Gold-2 programme requires tight control over mining activity. Mongolian Govt. shall require comply with "Minerals law of Mongolia" means STGO can't do selective mining on high grade areas. It'll increase mining cost
2. $200.0M shelf prospectus, $65.0M is loan. Well, what's left? Debentures? It means STGO broke the road to MSE.
3. $65.0M loan from Gold-2 programme is good for current circumstances. But STGO have to move a's's & Git'r'done. I think Govt. of Mongolia will not listen webinar sh'ts explaining Covid was main reason why production delayed...Hah
Make it happen, STGO, or....