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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.00-0.5%Dec 31 3:59 PM EST

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To: Phil Jones who wrote (2701)10/5/1998 7:52:00 PM
From: d:oug  Read Replies (1) of 4066
 
Phil, eventho Dave was up to speed with current events in Mongolia,
there was no way for anyone to predict the recent killing of the man
that was to help resolve the current government situation. Sad for
us that he was pro-democracy and pro-capitalism. Even with me saying
this, it has not yet been determined if these persons that did the deed
were acting for their own agenda or hired by an organized ploitical group.
I could argue many different possible angles, but back to MGR and I am
sure that Dave and other MGR officers were holding their shares, so to
me the good news is that the company MGR will do whats necessary to
protect the shareholders interest. In a way, with their big holding,
they are camped along with us and we can feel better than otherwise
because of that. The point I'am trying to make is that Dave and MGR
have to adjust to the new climate, eventho on the outside the same
persons in the Mongilia government remain, there must be a difference
in their current outlook and plans. So, with the "playing field" changed
and new rules upfront and not seened, Dave has to be careful what he
says on this thread. I would even recommend Dave not post, or give a
post that offends no side. The country needs money, and outside money
invested into the country is a good source. Even if the government goes
in the direction of government control all, there is enough recent
history from USSR to show that government controls long term do not
result in stability, unless the government is willing to rule with a
ruthless hand and crush forceability all opposed. With the current
world economic downness, it would be hard for Mongolia to go a strict
state rule path. Not any of that type around to help them. For example
Cuba lost USSR/Russia "money and goods allowence".
Doug
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