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

To: Bearcatbob who wrote (1977)	4/2/1998 10:27:00 PM
From: Phil Jones	Respond to of 4066

You're right, Bearcatbob. MAC has its own agenda. If it doesn't want to deal, it won't deal -- which seems to be the case. And nobody is interested in buying its 51% if it should try to sell -- as David S. pointed out. It's difficult to see what's going to change in this scenario with the current price of gold. If the gold price moves up, maybe the incentive to settle will move up too.

To: Bearcatbob who wrote (1977)	4/2/1998 10:41:00 PM
From: Pete Schueler	Read Replies (1) \| Respond to of 4066

Bob, I suspect that MAC is a bunch of Mongolian crapshooters with a little money and some credit who thought they were going to get rich (like you and me)but reality caught them short and with no deep pockets. In today's market they cannot recover their investment. They need to downsize their % ownership(if this is OK with Mongolian Govt) or enlist more investors such as a PP offering. Stonewalling by MAC sinks the ship and we all go down. Dave, It looks like you really should try to enlist the Govt to intercede here and expedite a solution. My preference is for MGR to fill the gap and recalibrate the ownership accordingly. Thanks for the prompt response on my questions. Good Luck, Pete