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

To: Dave R. Webb who wrote (3943)	1/12/2000 8:23:00 PM
From: d:oug	Read Replies (2) \| Respond to of 4066

Thanks for the update Dave, and eventhought past mgr shareholders lost most of their share value in the consolidation to tdc, it might be clearer now that without it and the present view of the Mongolian country not to respect and honor agreements created with a country like Canada, that a waiting for a Bumbat resolution by prior MGR would have accomplished the goals set by MAC to let MGR fall into bankruptcy. Eventhought I know of a reason that would have prevented MGR into an non existence for past shareholders, there was always that other possibility that would have supported MGR for a continuation, but most past shareholders would have had to cough up new money to stay on board for a different ride. Either way MAC would not have obtained Bumbat thru a waiting for MGR to go belly up, and ofcourse this current path you have taken us tells the MAC people that we can wait longer than they can wait, and when, not if, the price of gold increases for real, the pressure on MAC to settle will be greater than on TDC because for us and Bumbat its a win/win verses a lose/lose, so TDC will only accept a settlement that delivers what MGR/TDC has a right to thru formal and legal agreements with parties of the country Mongolia. Each day now TDC is closer to a cash flow. Each day MAC's hand for a MGR/TDC collapse grows weaker. Each day the gold market is closer to a GATA releasing. Hopefully in this year 2000 TDC will have a nice new and clean SI thread with new and interesting and promising posts about the good stuff TDC is doing in Canada. Doug