Ron, you sold at .06 and could have brought at .01 on Monday May 10.
I see a bid/ask for that day at .03/.04 with no volume.
As for Dave Webb's investment into Mongolia being a disaster is true for
you who did a buy high and sell low, is true.
For others still holding, the outcome is not yet determined.
The next news might be to report on the 20:1 vote.
I still see a yes on the 20:1 to put pressure on Mongolia to settle the
MAC/Bank/Bumbat/MGR issue to the satisfaction of MGR. A no to the 20:1
will let Mongolia take no action for a resolution on Bumbat with the
expectation that MGR will dry up and wither away.
In my opinion, for current shareholders, a no on the 20:1 is like voting
yourself a consolidation of 10000000000000:1, so that MGR ceases.
I would rather vote for a 20:1 and give myself a chance, thru Dave Webb's
efforts, to bring in new money and have MGR get control of other companies
resources for a cash flow. Dave Webb knows mining and knows where the
already
proven minerals are. Would not take much for MGR to get a cash flow so as
to continue, and most important, wait for the price of gold to explode up,
knowing that Mongolia would move on the MAC issue if money could be made
from Bumbat.
A 20:1 lets us wait for price of gold to break away from the hold of those
who are running out of ways to keep it down.
To me, rather than say a 20:1 is a dilution, its a way to stay in the game
with MGR and Bumbat. Or you can sell now like Ron and loose most of your
investment, leaving the possibility of a change to the better.
Doug |
