Money for the VIPsWhen the mngmnt talking about shares repurchase programme, they always noted "we don't have money".....But when they dealing with VIPs, it's ok, whatever millions of dollars needed, no problem.
A real "double standard" ... I think TSX players will kick them in the a's's when they wish to accelerate next 2 projects, ION & ARJN...hah...that's the effect of boomerang....
So, why so hurry bought back MNIF debentures? Well, because of Development bank of Mongolia case is escalated. Prime minister and his party wants money back. The secretary of MPP - Mongolian People's party D.Amarbayasgalan classified borrowers as: 1. Normal, 2. Had trouble due covid, 3. Need to apply civil court and last one is he classified as "Real money laundering corruption case that needs special attention on it..." which Chinggis khan bank's case classified in this class of borrowers.
Seemed STGO's mngmnt is rich, they had a lot of money. Isn't it?