Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.48

+0.5%

Dec 26 9:30 AM EST

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To: marcos who wrote (2806)	11/15/1998 7:22:00 PM
From: Bearcatbob	Read Replies (3) of 4066

Marcos, Perhaps this question would be better directed to Dr. Dave, but here it is. It is real basic. Where does MGR get the capital to anytning until the Bumbat is resolved. I have not looked lately but I think there is little if any cash on hand and with a share price of about a nickel it is almost impossible to raise captal through an equity offering. So, without money this company is extremely limited in what it can do. If there were to be a roll back and then an equity offering the present shareholders would be wasted. So, I see that a resolution of Bumbat is required before this company can do anything that is beneficial to its shareholders. Perhaps I will check the web site to check $. I did and here it is. techstocks.com bob

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