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

To: Dave R. Webb who wrote (3744)	7/31/1999 7:31:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

I agree with your understanding of MGR's current situation Dave, and especially with your approach as its President to get both MGR the company and long term shareholders a chance to escape from a possible bankruptcy chapter 11 to 7. In my opinion, there was more than one roadblock to prevent MGR from reaching the end of that road where the last exit was into the courts. Also in my opinion, this current off-ramp you have taken MGR is a good one because "go big or go home" attitude is NOT appropriate for MGR as in the simple fact that MGR does not yet have a positive cash flow to warrent a share price to return to Phil his investment with the 20 to 1 consolidation factored in. <<elephants are easier to spot than mice, even though there are many more mice out there>> Also I might say that eventho a mouse might be smaller in value, it should cost less to capture, and the risk of a mouse to turn on the one to pick it up is less than that of an elephant. But just remember, the mouse is more likely to bite you, and the elephant's step is worst than it's bite. So in this hunt follow the small dropping of many, and let others follow the big dropping of those few. <<I am presented many projects, from different people, and...of which are profitably being mined in the same type of geological environment. This is a good bet, and warrants a bit more time to review.>> Once you collect enough mice, then you will be allowed to hunt for bigger game since your "ammo" of cash reserves of this company will allow you to speculate. Until then, just enough to carry thru the dry spell and the damage those Mongolian business people did. Doug