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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.44

+0.3%

Nov 25 3:55 PM EST

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To: rdww who wrote (1903)	3/24/1998 6:02:00 AM
From: Phil Jones	Read Replies (1) of 4066

rdww: I can only restate my earlier post. Dave Webb has been stating all through March that the re-opening was on schedule for the end of this month. According to the news release, he knew in February what he knows now. My conclusion is that MGR will re-open the Bumbat Mill at the end of this month, as Dave Webb has been stating all of March. If his position should change now, he would not have any credibility. I haven't met Dr. Webb, but his posts have been impressive and always fast in response. Those who have met him have posted favourably. The news release, as I read it, doesn't tie re-opening of the mill to the partner coming up with its share. Its share hasn't been there so far, and that hasn't been mentioned as a factor on re-opening. If it was a major factor, it would have been prominently mentioned by Dr. Webb.

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