GOOD NEWS!!! 55.7 kilos of gold sold to Central Bank of Mongolia by JAVA GOLD's subsidiary Zaamar Goldfields Co. Ltd. in 1999, and the central bank ("Mongol Bank") paid 510,450,400 Tugriks, which at present exchange rate is 495,582.91 USD - say 0.5$m at last year's exchange rate.
Our team in Mongolia has a copy of the documentation of the Mongol Bank. Interesting reading. So where is the cash?
Why have the 3 extant Directors of Java Gold Corporation - Andrew Chater (of Teddy Bear Valley Mines TBV), Bernard Kraft (of Canadian Shield Resources CSP, Luxmar Resources LUX)and Gary German (of Nevsun Resources NSU) not reported this 0.5$m fact to the Java shareholders, not held any Java shareholders' meetings, not submitted any Annual Returns for Java since 1998 and not replaced Armand Beaudoin, the Java President and Director who died on 5th July 1999?
I am sure that the 3 Java Directors will correct this, um er, oversight, once they are reminded and are not too busy and not too stressed out with their other business and leisure interests.
Robin Grayson
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