Mongolia economy about to collapse ... same as STGO" ... Customers were informed by their banks that the central bank had set limits on foreign exchange transactions ...BoM suggested that individuals banks may have set their own limits on the amount of dollars that can be withdrawn, taking account of their internal reserves..."
https://www.intellinews.com/mongolia-s-central-bank-circles-wagons-around-reserves-as-ukraine-crisis-puts-economy-to-the-test-238899/ BoM - Bank of Mongolia (central bank) rose policy rate +2.5%
https://jargaldefacto.com/article/defacto-review-22-sh3-27 No dollar in the bank. People suspects dollar shortage relating to Russians visits in Mongolia, bought all reserves from open market in rubles....Mongolians protesting against Russian embassy for inadequate diplomatic behaviour & open harassment to the Democratic party supporters.
https://www.reuters.com/world/asia-pacific/mongolias-east-west-balancing-act-buffeted-by-russian-invasion-ukraine-2022-03-03/ Things going worst than ever, + STGO's mismanagement fuels potential "Gold producer" Co till zero....Crazy...No cash in the bank, even banks don't have dollars...HAH...."De-Gold-ification", "De-Expat-ification", "De-TSX-ification" special operation went successful...100% "Doing it in Mongolian way"....Old KGB (FSB) school failures....
What i am afraid is maybe Mongolian Govt. guys wake up one day & say, STGO pay $70M taxpayer's money back, or we'll "socialize" your property & build SOE-state owned enterprise.....
Like did it in before in "Salkhit" silver deposit. Mongolian Govt. repeated "de-privatization" again with "Khutul" cement production plant. Mongolia's largest cement producer previously held by private investors, but now turned into largest SOE...
https://www.reuters.com/article/uk-mongolia-politics-idUKKCN1TR3AL It'll be much helpful to the Co if STGO's mngmnt stop their daily nightparty & themselves submit their resignation letter to the shareholders at their own will....Now they became richer than Co they running. Whatelse they need from Co?