Trevor, good to hear from you, and before I type in any more I would like
to make clear what my point of reference will be in this post.
At times I find it useful to do just the opposite of coming from a strong
point of reference, where reference represents knowledge of the subject matter.
Because I have decided to trust Dave Webb in the transfer of value of the
MGR company into that of the TDC, I have decided not to gain any information
outside this thread and news releases.
I have no problem with the above because I feel Dave Webb wants to protect
both MGR shareholders and the new money and risk needed for TDC.
It is very possible that the men and women who decide public policy for
their country in how it deals with foreign business partners will let those
elements behind the politically correct diplomatic faces and words render
the Bumbat Mine null and void and flush the MGR/MAC situation down the toilet,
along with the Mongolian spirit.
From the above possibility Dave Webb could have placed MGR into Bankruptcy
and the new money could have obtained it at a lesser cost, including the
Bumbat situation.
I feel that Dave Webb months ago took this approach with the understanding
for new money that a consolidation of MGR will be included rather than a
clean slate. I base this on the fact that remove Bumbat from MGR and there
would be no reason to obtain MGR.
That MGR shareholders still have shares rather than worthless paper,
at present probably 1 cents on the dollar for those who invested at the
high and never averaged down. But if TDC happens good in the Canadian soil,
then 10 cents on the dollar, and if Bumbat then get back all investment.
Very possible under another President's leadership a TDC would have happened
after a chapter 7 bankrupted MGR. To me Dave Webb kept us still in the game,
and eventhough very low, its at least the bottom.
<<As good as the Bumbat may be, it is in Mongolia and not North America.
It is a LONG way from home.>>
As far as I'am concerned it could be on the planet Mars 50 million miles
from Earth and all will be ok just so those who we do business with are
honest and not corrupted or corruptable.
<<I am serious when I discuss this VMS property TDC now holds in the NWT.
Not too many companies have an attractive unexplored property on hand.>>
I invested in MGR understanding it was high on the speculation level because
of the unknowned Mongolian MGR/MAC factor. I would rather take another
speculation route like "unexplored property" and either win big or lose all.
<<Regardless of peoples' opinions, TDC is looking more and more attractive.
There is not a whole bunch of paper out there.>>
By paper I take it indebth and extensive and modern technical studies.
Good, maybe Dave can find something everyone else missed by not looking
in all the wrong places for "love", and someday Dave can do an Ed Sullivan
tv introduction of "Got a Really Big Show'ing for you Shareholders".
<<Once loose ends are tucked away TDC and the VMS will be very attractive.>>
MGR/TDC Battle Cry - Tuck'em Away Dave, or We Got A Tuck'ing Dave
<<Sure dilution did occur and no one likes to be diluted.
However, I for one would opt for dilution over a dead company.
I have experienced that before. When a company dies the investment
is diluted to ZERO. In a roll back we, at least, have a chance.>>
I agree and feel good about TDC [The Dave Connection].
<<I hope TDC continues to acquire attractive North American prospects.
Actually, my preference is for Canadian property located in the NWT.>>
Put your name on the next company ballot for Board of Directors.
<<The price of gold may someday be the salvation of the Bumbat, but I
for one am very happy to see TDC is not just waiting for that day.>>
And I for one am glad that my connection to Bumbat is still intact thru
shares in TDC. Paper money and wealth currently in play in today's
world economies are not in balance with credit and debt, and the ability
to continue as such is near a reality check point.
Doug |
