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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.65+1.0%3:53 PM EST

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To: Greg or e who wrote (3969)2/16/2000 7:06:00 PM
From: Dave R. Webb  Read Replies (1) of 4066
 
Greg

The problem (and the benefit) of the mining business is that nothing happens without word getting out to other people. Any time you talk to someone, a dozen or so other people will have seen you talking and start speculating that you're up to something.

Today is no different. Tyhee is not doing anything out of the ordinary, but we haven't locked the doors and pulled the shades either. We talk to investors, prospectors, contractors, promotors, and government officials each and every day. Sometimes one or two people will speculate that means that something is going on. Sometimes they'll be correct, sometimes not. The key word there is "speculate".

The price of many commodities are showing clear signs of strength, or at the very least, their prices have stopped dropping. Don't be surprised to see some price volatility, and potentially some price gapping in commodities, and commodity-based companies. Hopefully it will be to the upside and caused by investors, not speculators.

There is currently no news to report, and rest assured that the Company will report any material change or news promptly.

Dave
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