Bob, if I was you I would ask your friend Phil to do a private sale
of his mgr shares to you. <<It's over. Phil>>
The price of gold and Bumbat are both being supressed in ways to make
a House Of Horrors envious.
Last week I did a 10,000 buy of mgr at USA 3 pennies. Cheap money one
should be able to lose for the possible gain ratio.
Mongolia has not released any information pertaining to Bumbat, which
leads me to believe that there is a power struggle of sort happening.
There are those in Mongolia that see their future more rewarding if the
MGR and MAC conflict can be handled in a way to shine a good light on
the way foreigm interests will be deal with under their rule of law.
If as you mentioned the Bumbat Mine can be started, and add in the
comments from Bill Jackson that the return might not be worth it if
the gold can be gotten later with a much higher price of gold, then
one possible outcome is for the structure of MGR and Bumbat and the
country Mongolia to put into place a settlement that will make each
side look better in others eyes.
This could happen at any time, and we all know the price of gold will
someday go to the level it was meant to be at, with "interest".
So Bob, the Mongolia situation could "turn on a dime", and if its a good
event for MGR, and with the price of gold still low with no end in sight,
then the share price of mgr could go from .03 to .30, an x10 just on
speculation of better days ahead.
Doug |
