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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.45-0.2%3:47 PM EST
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To: rdww who wrote (2320)6/30/1998 10:09:00 AM
From: Dave R. Webb  Read Replies (1) of 4066
 
rdww

You may be on to something. In 1996 the original sampling was conducted. The check samples were collected in the spring of 1997 by MGR that eventually identified the problem. This was released in July 1997. Question? Why shouldn't we revisit this every year. Perhaps it's in the shareholder's best interests to have an annual miss-statement and rebuttal.

Perhaps because the thought process has gone something like this:

1. Northern Miner publishes a very biased article that to anyone familiar with the Company recognizes contains some significant errors.
2. Options are to drop all work, call in the lawyers and board, and draft up a response to the newspaper.....odds of a) response being published.. slim; b)consider suing Southam Communications...slimmer. Effect of exercise...waste of resources.
3. Draft up news release to restate 1996 and 1997 data....probably is a good way to accomplish the question from the first paragraph.
4. Financial Post publishes a similar article. More factual, a few seemingly insignificant errors with significant ramifications.

This said, it would seem that some shareholders, rdww included want to hear what has been posted here on SI, a rehash of the events with the company's perspective on it. Perhaps we'll do this.

Dave
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