Post by
Jack79 on Jun 26, 2021 11:47pm
What kind of mismanagement is that?.....
Almost 2nd year of anniversary since STGO announced officially a gold production. But SP below IPO.....After 2 years since production startup at Gangsta's paradise, what have changed? .... Everything collateralized including produced gold itself, more debts + $ 50M cost increase, no drill UK, ERD result shows lower grade there, ATO rss doubled but gold under massive barren rock, Crusher crashed, later STGO knew it was a bottleneck, kicks off few insiders & welcoming corrupted advisor, whitewashing material events & turning into immaterial, production shutdwon during winter season & cyanide shortage, paying more interests but no dividend at all, said listing MSE will up SP, but later management themselves rejected it....
Seems, even management loosing their trust in company itself. That's why insiders buyback stopped.
I don't think all that mismanagement was just an accident. If they had more "sinister" reason....
Comment by
Ogopogo007 on Jun 27, 2021 6:28am
The type of mngmnt that awards themselves 3X salary + double bonus for quitting...over $1M each UFB