Steppe Gold Ltd T.STGO

NR came, SP drop...As usual

[Jack79]

Great deal or Delaying Bankruptcy, which one is this? ... HAH. Hiding something horrible and major shareholders knew it. The Big Q is Who will manage ATO Phase-II CIL operation? Boroo's team or STGO team? 

What will be the level of participation of the financing bank in the future? mean Trade & Development bank.

[AlfTanner]

I do not think there is any chance of bankruptcy.  Boroo is a cash cow.  I do think ATO Phase 2 will require more than the expected $150M, but with Boroo cash flow, there should be plenty of funding available.  I do not think managing the ATO mine will be an issue. Overall, this combined company seems to be very undervaued.  I think this new company will eventually be

[Jack79]

HAH....Let dream come true. Why is Boroo hedged their 2025 production? Any idea? Do you have detailed info about Boroo's assets? Instead using general term "Boroo", what specific mining assets are we talking about?

[AlfTanner]

In order to secure terms for debt and leases, Boroo Gold hedged the majority of its 2024 gold production at $2,000. This hedge is expected to expire in Q1 2025. Established in 1997, Boroo Gold is a leading gold producer in Mongolia with an over 50,000 tons per day mining fleet, 5,500 tons per day mill and carbon-in-leach circuit gold processing plant, 3,000,000 tons per annum heap leach and