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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 > Borrow own savings paying extra 3.6% interest...
View:
Post by Jack79 on Sep 04, 2021 4:44pm

Borrow own savings paying extra 3.6% interest...

That's quite interesting logic... No f'cking gold, no sh't DFS...CFO went crazy while dreaming about $200.0M fundraise. WTF happened to MSE? Where all analysts gone? BDO auditors refused to accept STGO's disclosures, Gold is 100% collateralized in 2 local banks, MSE listing failed due to poor financial performance, Deficit in cash but STGO invested in local bank $5.0M then borrow own invested money paying additional 3.6% pa interest. Abnormal managing style of financials. ... ERD stock jumped to next level. Announced tier-2 stocks trading at MSE....Why others performing much better than STGO?
Comment by GripnRip on Sep 05, 2021 7:13am
Believe the gold is 130% collateralized. HTF did that happen? More to come? Wonder where all the PumpTards have gone? Still feeling great about paying $2.80 per share? Insider has paid almost $2/sh in recent filing Maybe Steppe should open a barbershop/restaurant haircuts to go along with marmot stew...lol
Comment by Jack79 on Sep 05, 2021 12:25pm
Found base metals instead gold right on ATO's deeper undeground. I don't think they'll move on fresk rock (sulphide zone) until oxide zone's open pit mining became profitable. At least current mining ops shall generate cashflow to cover all the debts.  And i don't believe in MSE. It's better mine crypto instead gold. Especially for losers like STGO who wants invest in ...more  
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