Danger close to the SOE....Let turn on red lights at TSX... It's not a joke. Corruption scandal escalating....Why is STGO needed SOE partnership? What's behind the scene? How much they get from Mongolian Govt.? Is the big Q and not a joke.....Can't; manage their Co? HAH....TSX shareholders just can't see future in ATO, WHY? Because:
1. Oxide zone is running-out
2. Digged deeper and found base metals only. They said it wonderful "Z"inc metal
3. It's not a low cost mine anymore.....With US$200.0, anybody can build whatever mine in everywhere.
4. Sulfide (fresh rock) ore they talking about is too costly for processing. Seemed they opened time travelling quantum portal and in-out from there...HAH...so paranormal
5. No internal control at all. COP's heaven, Gangsta's paradise....Posting sh't disclosures in sedar. Who will trust in their numbers and words now?
6. For UK, something unusual behaviour in there. What they hiding i've no idea. Must be something horrible, i guess.
Well, nothing for TSX shareholders in this YE. But, the management of the company is probably sitting in their big house watching the dance of snow girls....yelling: HAPPY CHRISTMAS
In parallel with the rise of corruption scandal, the Mongolian government is starting to intensify the restructuring of state-owned companies.
Thousands Protest Inflation, Corruption in Mongolia’s Coal Industry
https://www.statecraft.co.in/article/thousands-protest-inflation-corruption-in-mongolia-s-coal-industry Partnership with state-owned Erdenes Alt Resource LLC.....
https://steppegold.com/news/12334/ STATE-OWNED COMPANIES WILL COMPLETELY CHANGE
https://www.mongolianminingjournal.com/a/72223 "...On June 29, the Cabinet made a decision to offer the shares of 25 state-owned enterprises to the public through the stock exchange in 2022-2023, approving the list of the enterprises...."
https://montsame.mn/en/read/299996 "... the Prime Minister made the following statement: “We would use electronic signatures if four sets of laws on e-development are adopted. If a ministry does not conduct the necessary procedure for the digital transition, it will be assumed that the said ministry is not supporting the Prime Minister's anti-corruption efforts. The government will fight against officials who have taken bribes as well as the underlying causes of corruption. Also, the government will solve false declaration of assets and income of public officials by receiving the declaration digitally....”
https://www.iaac.mn/old/news/mongolia-state-owned-companies-need-to-be-restructured-to-reduce-corruption?lang=en "...Mining SOEs’ poor financial health is due to the combination of quasi-fiscal activity financing, poor project selection and management, and inadequate legislation and control mechanisms for new debt issuance...."
https://resourcegovernance.org/analysis-tools/publications/debt-policy-state-owned-mining-enterprises-mongolia