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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Metals & Mining Gold
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

Steppe Gold Ltd
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Post by Jack79on Jan 04, 2022 2:24am
298 Views
Post# 34280686

Debt vs Equity financing. Which one is better?

Debt vs Equity financing. Which one is better?Answer is: "..The majority of MPs who attended the plenary session have supported two proposals: to not incur additional debts to Erdenes Oyu Tolgoi LLC, and not receive additional loan from shareholders of Oyu Tolgoi LLC and third parties..." 
https://www.montsame.mn/en/read/285550

Mongolian Parliament prefer Equity financing than Debt. Any other debt instruments prohibited for Oyu tolgoi project. Good decision...But how about STGO? Found a way how to repay Mongolian taxpayer's money? Almost reached $90M loan from Govt....Or drive crazy till crash then wait for law enforcement? 

$65M "Financial package"...HA-HA-HA...sounds like "Short term investment"...borrow own money paying extra 3.2% interest but hiding it under "Short term investment" in Balance sheet...

Why listing in MSE failed? Any idea?
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