Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.33

0.0%

12:35 PM EST

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To: Bearcatbob who wrote (2630)	9/13/1998 11:55:00 AM
From: Phil Jones	of 4066

Bearcatbob: There's something going on in Ulanbaatar -- and all of our expectations are building. Dave wouldn't be staying on in Mongolia if a deal weren't close. I thought MGR might offer to buy MAC's share of Bumbat, but Dave told us that one of the three interested big mining companies is still talking with MAC -- with MGR lubricating the talks (does that mean supplying the booze?). Anyway, it seems that something will be happening soon on the Bumbat Mill. The price of gold is going up fast; it may be US$330 within 6 or 8 weeks. That will spur MAC to reach some deal -- either dilution or sale. We just have to hold on, and watch and wait. I own a lot of MGR -- but considered it too risky over recent months to load up more. But with the present environment, I'll load up more if I can find the funds.

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