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: Phil Jones who wrote (2426)	7/14/1998 11:05:00 PM
From: rdww	Read Replies (1) \| Respond to of 4066

sniff sniff sniff - I smell skunk out there! Webb has let the valuation kitty out of the bag and it ain't pretty is it. Ouch! Now where does the $$ come from to start this overpriced hunk of steel up? The painful part 2 of the saga!

To: Phil Jones who wrote (2426)	7/14/1998 11:47:00 PM
From: Bill Jackson	Respond to of 4066

Phil, Mac has no money and will get less and less for the asset as time goes by(unless gold rockets). Both MGR and MAC have seen their asset decrease to less than what they paid for it and there is nothing that can be done about that fact. The mine can operate if startup capital is given. MGR cannot/willnot provide that capital as it preserves the MAC fiction that it can get a free ride and the increase in gold and MGRs work will rescue it in the end. I have no doubt MGR could raise the capital to operate the mine it it owned 100% as it would be able to operate optimally and this would make the raising doable. With a deadwood like MAC why should MGR do anything? If it waits eventually it will run out of guard money and the place will be abandoned and all assets carted off by thieves for scrap metal. MAC also knows this and must show others that the asset is worth buying even though they will have to add operating capital as well as the money the pay MAC to get it. This means MAC will get only very lean offers, but better than zero offers which it will get if it waits too long. Bill