Mongolia Gold Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.56

+0.3%

Nov 28 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pete Schueler who wrote (1926)	3/27/1998 5:29:00 AM
From: Phil Jones	Read Replies (1) of 4066

Dave: Pete raises some interesting points about the Mill deteriorating if you don't re-open it soon. What state is the Mill in? Did you get all of the overhaul finished, i.e. new grinding surfaces installed, etc.? Did the ore stockpile get replenished? On the agreement with MAC, doesn't it have a clause that MAC loses its rights if it defaults on payment/contribution? All legal agreements have a clause along those lines, i.e. mortgages have a power-of-sale clause. Can't you simply offer MAC's share to another, and act as if MAC no longer existed? You could take MAC to court for lack of fulfillment of its obligations, but why bother. That just seems a side show to the bigger picture, i.e. to get the Mill back on its feet by bringing in a new partner. Or, as Pete or somebody else put in a recent post, why don't you just carry on as if MGR now owns 100% of the Mill, advertise that fact, and offer new shares on that basis. Seems to me it was the lack of certainty about MAC's position/contribution that has held some investors back.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next