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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.49+0.7%3:59 PM EST

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To: Dave R. Webb who wrote (2318)6/29/1998 11:59:00 AM
From: D. Bryan  Read Replies (1) of 4066
 
Sure Dave I'd be happy to give you my perspective!!!! From your things look pretty good. But after reading the front page of of the Financial Post on the weekend "SALTING SCAM HITS MONGOLIA GOLD" again makes me wonder about the Ship of Fools/Board of Directors that are running this outfit. I really can't help but think you people should have seen this type of thing coming, or has the Turnip Truck really just gone past, with the whole board just TUMBLING OFF!!!

Let me know if you people decide to get some truly effective people running this operation and I bet this company may have a chance. Until then I can't see investing one more cent on this farce you call Mongolia Gold!!

You mention in your previous post about "any idiot can see the down-side" well you're correct, that's about all I can see!!! Because I DON'T SEE ANY WINSTON CHURCHILLS RUNNING THIS COMPANY!! To be fair, this is probably your first time as President of a company, and I'm sure you are giving it your best shot. Well I just want to let you know that as an investor you are inspiring very little confidence. I suspect that this LACK of CONFIDENCE is similarily what is happening with GMD as the price of the stock finds new lows. If you could get some board members that know anything about business, I mean REAL Business, even GMD might have a chance. Your predecessor at GMD (while he did make a large mistake) ultimately did appear to inspire confidence in the stock, which is why it held its value so well.

I also don't really see the benefit of trying to get multiple ventures off the ground at once (GMD, Mongolia Gold, & Alberta Star) when you can't make one successfull by itself.

As for your reply to my last post I find that it did nothing to address the questions I had about Mongolia Gold.
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