Steppe Gold Ltd T.STGO

New Mongolian PP at $1.60?

[GripnRip]

Little over a year ago, STGO had a NR that included this

The convertible debentures will be convertible at the option of the holder into common shares of the Company (the “Common Shares”) at any time prior to maturity at a conversion price of C$0.90 per Common Share. 

Then when deal closed it was this

As a result of higher investor interest,  the Company intends to accommodate  additional  orders  in  a  further  tranche  of  US$2.0  million,  to  close  following  receipt of shareholder and regulatory approvals.  The Debentures will bear interest from the date of closing at 10% per annum,  calculated and payable semiannually in arrears on June 30 and December 31 in  each year, commencing on December 31, 2019 and will mature on July 2, 2021.  The  Debentures  will  be  unsecured  obligations  of  the  Company  and  rank pari  passu  in  right  of  payment  of  principal and  interest with all  other Debentures  issued under the Offering.  The Debentures will  be  convertible at  the  option  of  the  holder  into  common  shares of the Company at any time prior to the close of business on the maturity  date at a conversion price of US$0.52 (Approx. C$0.70) per common share. 

AKA the "Mongolian discount", so if it's a flat 20 cents CDN off, do the math.....$1.60-$1.66, if it's a % discount , 22% discount so $1.56 . Must be nice to be a Mongolian investor, CDN ones...even ES get screwed
JMHO based on what's happened in the past here

[KushiMonster]

There you go talking to yourself again.  The las 4 posts have been you talking to the voices in your head and countless more in the last 2 weeks  Get a life Dougie!! Go back to supervising maintenance. That is your day job isn't it?  You come on here pretending to be a major playor in the investing game but you're a nobody. Anyway for the real investors out there, as far

[GripnRip]

Kluelass kushie...shilling for the house again. Coming from a poster who posts almost 100% on STGO BB. Remember posting this? You're just guy with a keyboard behind a screen, at least managment working their butts off to build a mid-tier producer do mid-tier producers cut production by almost 50% a couple of months after claiming all is fine with plant and mine? No discount for financing..

[KushiMonster]

You're a fool. You have no idea when I invested... you think that invested at a better price than me? Lol.Your foolishness is amazing! I invested prior to the company even being public. Stop trying to fool people on these Boards that you're a somebody and that you have any real knowledge. Yes it's true that I don't post all over the place like you do. I only post to clear up the

[GripnRip]

Lookie, lookie....TRUE CONFESSION.... you are shilling for the house ! Get your koolaid delivered by pipeline instead of tanker truck? Gulliable little guppy you are, swallow every miss after miss after miss, year after year. if you are a shareholder...which I doubt, why didn't you sell at $3? The stupid ones here, like yourself, full on cognitive bias.  if you don't like reading

[Ogopogo007]

As Larry the Cable Guy would say...that right there is funny...Kushi outing himself as an insider. Reminds me of a while back on Barkerville Gold BB, one poster was pumping so hard...was blown up like Goodyear Blimp. Anyone with 1/2 a brain could figure out the scam there...using OPM to drill, drill, drill then drive SP into the gound so the buyout didn't cost as much. This was after mngmnt

[KushiMonster]

Once again, there you go with your lies.  Never once did I say i was an insider. I AM NOT AN INSIDER.  The company did MULTIPLE OFFERINGS as a private entity.  Obviously you are an fool who just make up facts.  Please us your tiny floor-sweeper brain to go back to the post and show me where I said I was an insider.  I am an early investor, yes, not an insider. You have

[DanLevy]

Or they can just transfer shares to Mongolian market. That would not need issuing shares