Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (3701)	6/30/1999 10:23:00 PM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

Bob, my question exactly. The MAC/TD Bank agreement doesn't change anything between MGR and MAC. I could never see how it could. MAC still owns 51% of the Bumbat Company. How does the court decision help MGR get the extra payment needed from MAC for MAC's 51% share?

To: Bearcatbob who wrote (3701)	6/30/1999 11:28:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Bob, I'll let the words of the news release, written by Dave Webb, answer you question to the degree that you can wonder. << Mongolyn Alt Corporation ("MAC") has entered into a debt repayment schedule with the Trade and Development Bank in Mongolia to extend over the next 2 years.>> I bet that a prerequisite for this was that MAC had to show the bank that they have an income sufficient enough to do the payments. Now does anyone know if MAC has a source of money outside Bumbat ? If not, then they will be hot to trot to bet Bumbat up and running. <<The Company [MGR] is continuing its efforts to resolve issues surrounding their participation in the Bumbat Company Ltd. MAC had been trying to sell their interest in the Bumbat Company Ltd., but the outstanding loan issue had complicated the situation.>> Gee, maybe MGR could get the cash after the 20:1 to buy out the MAC 51% part of Bumbat. Or maybe cash and part of the profits for the next two years. doug