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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.49+0.2%12:13 PM EST

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To: David R. Schaller who wrote (3699)6/30/1999 7:21:00 PM
From: d:oug  Read Replies (1) of 4066
 
David, thanks for this news. Now all thats needed, beside a nice increase
in the price of gold, is to see good business progress between MGR and
those in Mongolia so that mrg shareholders and the country of Mongolia
can both benefit with the mining and sale of gold.

Unless the price of gold falls to the level Phil expects it to, causing
a closing of all gold mines using old and not cheap methods, then this
MGR company should have a firm base for continued existence and possible
medium term growth.

Also, hopefully the Mongolian bank and the MAC company can both see their
agreement result with each having this experience as a learning example
so that each is stronger, and each a benefit to Mongolia.

(the official news release)

stockhouse.com

Doug
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