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

To: Phil Jones who wrote (1973)4/2/1998 8:00:00 PM
From: David R. Schaller  Read Replies (1) | Respond to of 4066
 
Phil, I can't believe that MGR will accept anything that doesn't include a large monetary settlement. We need the cash. Who wants a deadbeat 40% partner anymore than a deadbeat 51% partner. They need to go.

At the same time, I suspect MAC is going to have a problem selling their share of Bumbat for anything approaching what they have invested. MGR's market cap is evidence of the problem. No one is going to invest millions of dollars in a mill that is barely breaking even. What sense would it make? Anyone smart enough to direct the investment of millions of dollars is smart enough to steer clear of this deal.

I doubt MAC will get enough out of the sale of their 51% to pay the 1.2mil they owe MGR. Sorry for the pessimism but Mongolian reality has shown herself to be a cruel teacher of expensive lessons.

Dave



To: Phil Jones who wrote (1973)4/2/1998 9:35:00 PM
From: Bearcatbob  Read Replies (2) | Respond to of 4066
 
Now, if I were Mac, I might feel like Clinton, I have gotten away with it for so long -why should I get concerned now. What financial pain do they incur by delay. How is their life affected. They are not paying their bills and so far have found a guardian angle. Do we even know who Mac is and what their motives or business are. Without this knowledge this discussion is pure speculation.

Bob


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