Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.46

-0.9%

Oct 31 3:59 PM EST

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To: d:oug who wrote (4041)	5/8/2000 7:19:00 AM
From: Phil Jones	Read Replies (1) of 4066

Doug, I'd love for MGR/TDC to buy out the 51%. I guess the problem is: Where is a broke company going to get the $$$? If the POG were at the $320 range or above, maybe it would be possible. But not at the current pathetic level. It could be a great opportunity with the current POG, however, for MGR/TDC to offer a lower amount for the 51%. Do you know if Dave Webb is doing anything at all about Bumbat at present??? I assume not. Seeing as the Mongolian partner owes MGR/TDC $800K, what would be the lowest extra funds that MGR/TDC would have to put up for the 51%??? I see an opportunity there, but MGR/TDC is apparently so broke that even $10K would be a hard struggle at present. Phil

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