Phil, too strong and too broad was your post. Every country has foreign
investors getting the short end of the stick and even pushed off a cliff.
In the opposite direction every country has its share of being shafted by foreigners.
Presently, as was noted last year on this thread, Mongolia has been going thru
many changes in its government structure and leaders both in the government
and the private sector.
This MGR/MAC situation is not represenative of outsiders doing business there.
Many Mongolian citizens are very unhappy with the current state of affairs
between MGR and their country, and understand that a few persons in the
MAC group keep their money and power status using corrupt means, and at
the same time show no respect for their country of Mongolia thru their
public display of bring dishonor to it.
That is why, in my opinion, just so long as Dave Webb holds strong onto
the rule of law set down in the past by the Mongolian government, and the
fact that Mongolia wants good economic and commerce relationships with
other nations, that over time Mongolia will not let MAC obtain the Bumbat
mine without a settlement agreeable to MGR/Dave Webb.
Its possible that MAC's main focus is to get out free and clear of their
not legit dealings with the Mongolian bank.
Time is on our side in that we cannot loose any more than current, but we
can obtain very much more, especially if the GATA angle is for real.
In my opinion the MGR/MAC/bank mess is very much a current and ongoing
important issue/problem with with many important Mongolian citizens.
Once again, if the price of gold increases to a high level predict by
the current GATA thoughts, then this will influence this mess in a very
good way for all, including MAC.
Doug |
