I recall STGO selling same gold more than once. No wonder such a muddled financial mess when STGO can't even "keep gold straight"
Webinar gold much easier than producing & selling gold. Too much Koolaid at HQ ?
perhaps the marmot stew has "cooked the books"
From MD&A filed Aug 2021 The Company does not have sufficient funds to meet its current operating obligations. The Company defines capital as total debt less cash and equivalents and it is managed by management subject to approved policies and limits by the Board of Directors.
from other filings As disclosed in note 14, the Company is required to sell 30% of its gold produced throughout the financing period to Capitron. However, the Company is required to sell all of gold produced throughout the financing period to TDB related to the loan agreement signed on September 18, 2020. Such event triggered the repayable on demand clause in the loan agreement with both TDB and Capitron. Subsequent to the reporting period, the Company has obtained waiver from both TDB and Capitron that they will waive the current and past event for the breach of the sales requirement
If Auditors can't understand the tangled web Steppe has wove...how can shareholders?
JMHO