Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.38

-0.3%

3:59 PM EST

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To: d:oug who wrote (3707)	7/1/1999 8:13:00 AM
From: Phil Jones	of 4066

Stay with it, Doug. You're a believer. I really really hope for your sake that MGR pulls through. I put an awful lot of money into MGR, averaging down continuously. At some point you just give up, write it all off. Actually I admire Dave Webb for taking a chance on Mongolia and taking a chance on moving a mill lock, stock and barrel from the United States. It was an innovative idea that could have paid off well, except for two matters: (1) the POG has nose-dived to levels that no one could possibly have foreseen, and (2) MGR was dealing with Mongolian businessmen who were unethical. Dr. Webb's recent post said that his FAXes, letters, e-mails, etc. have gone unanswered. It seems obvious to me that the Mongolian partner has zero intention of paying the rest of its contribution. Anyway, my post wasn't meant in any way to insult Dave Webb but just to set out that I see the Bumbat Mill as a lost cause. End of my posts here.

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