Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 20.98

-1.4%

Dec 4 3:57 PM EST

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To: Dave R. Webb who wrote (1937)	3/29/1998 10:55:00 AM
From: Phil Jones	of 4066

Dave, thanks for your posts. I guess that the investors out here will have to just watch and wait. Do you know if the 51% Mongolian partner has the money or access to the money to make its contribution? It can be withholding its payment: (1) because it wants a better deal, or (2) because it hasn't got any money. If (2), what's the point of talking with it any further -- unless it's to get the partner to lower its 51% interest to 40% or some other amount to match its financial input thus far. And if it should agree to lower its interest in the company to, say 40%, it still wouldn't give you cash -- though I suppose you could then look for a buyer for the 11% (51%-40%). I know it takes time to settle these matters, but if the POG starts going up, will you be in a position to re-open the Mill even without a settlement?

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