SI
SI
discoversearch

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 21.350.0%Dec 16 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (1977)4/2/1998 10:41:00 PM
From: Pete Schueler  Read Replies (1) of 4066
 
Bob, I suspect that MAC is a bunch of Mongolian crapshooters with a little money and some credit who thought they were going to get rich (like you and me)but reality caught them short and with no deep pockets. In today's market they cannot recover their investment. They need to downsize their % ownership(if this is OK with Mongolian Govt) or enlist more investors such as a PP offering. Stonewalling by MAC sinks the ship and we all go down.

Dave, It looks like you really should try to enlist the Govt to intercede here and expedite a solution. My preference is for MGR to fill the gap and recalibrate the ownership accordingly. Thanks for the prompt response on my questions.
Good Luck, Pete
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext