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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.50

+0.3%

Nov 26 3:59 PM EST

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To: Dave R. Webb who wrote (1918)	3/25/1998 6:04:00 PM
From: Phil Jones	Read Replies (1) of 4066

Dr. Dave: I agree with David Schaller that if you can get somebody worthwhile as a partner instead of the Mongolian "Deadbeat" you've had so far, then things could really look bright. Only problem that I see is that I believe Mongolian law requires that the 51% owned by the current Deadbeat has to be sold to another Mongolian company. There's obviously no money in that economically-pathetic country, so just who is going to buy the Deadbeat's 51%? Is there any company in Mongolia that has the kind of money needed? I'd make sure that you don't get mixed up with another Deadbeat -- some company ready to sign papers but with few $$ to contribute.

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