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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.51

-0.3%

Nov 14 9:30 AM EST

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To: Ron Everest who wrote (3387)	4/22/1999 7:36:00 PM
From: d:oug	Read Replies (1) of 4066

Ron, I agree with you in that with the Mongolian court not releasing a decision in the Bank and MAC matters, that MGR is in a very poor state. I will guess that if the Bumbat location is off limits for MGR to obtain a cash flow, that with MGR having no money to advance any other projects, along with the fact that these other projects are in the speculation phase, with no cash flow until cash inputted and then hope for a payoff, that MGR is probably today worth only one penny a share. Because your average is high, the numbers are in your favor to reduce your average, with this being possible only because of the extremely low share price of MGR being .06 and a drop of 5 cents to .01 being small but huge percentage increase thru a buy back. What I just typed in is only a repeat of what you posted, no new info here. But going from a .06 to .01 is dangerous to all. If it does, I hope you and others that brought over one dollar will see MGR share price go up thru good news, so that a selling at .06 and a rebuy at .01 will be the opposite experience currently un-enjoyed. Doug

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