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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.43

-0.4%

Nov 4 3:38 PM EST

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To: David R. Schaller who wrote (3873)	10/18/1999 4:40:00 AM
From: Phil Jones	Read Replies (1) of 4066

David, is that car sitting in front of the Bumbat Mill? No wonder there is no confidence in MGR/TDC! The only way I see TDC's price climbing and any real interest in the company being regained is if the Mongolian partner indicates that it will pay its debt and the Mill is re-opened. But that sure seems wishful thinking with the current Mongolian situation, i.e. no meaningful Rule Of Law means no meaningful legal actions can be undertaken in Mongolia - means that MGR/TDC is "out in the cold" (like its car) at present. What model car is that? Hard to tell with the tree being where the engine was. Were the engine and other parts plundered? If so, you can imagine that the Mill looks in the same condition (unless it still has the round-the-clock protection that Dave referred to way back)! :( Phil

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