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Bullboard - Stock Discussion Forum Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern... see more

TSX:STGO - Post Discussion

Steppe Gold Ltd > What kind of mismanagement is that?.....
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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
Comment by Jack79 on Jun 27, 2021 7:07am
what i am wondering is, ... how Ontario's Securities Commission OSC checking regulatory documents they posting in sedar? Blind or have another reason? Seemed, in Mongolia kind of investigation & studies made before: 1. VULNERABILITY OF THE CAPITAL MARKET by https://jargaldefacto.com/article/vulnerability-of-the-capital-market     ........    " ...more  
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