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

To: Bearcatbob who wrote (2675)	9/24/1998 10:28:00 PM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

Bearcatbob: I can't see the Mongolian Gov't being too happy if MAC was to go under in front of the world's resource companies. Wouldn't look too good. So maybe if push comes to shove, the Gov't will give MAC a helping hand (on the quiet, of course). Also, I would think the Bank might have to ask the Gov't before it petitioned MAC into bankruptcy, i.e. the banks surely depend on maintaining goodwill with the Gov't. So I don't see how action would be taken as quickly as would be the case if one of the cut-throat banks in a Western country were owed money. I get the feeling that MAC, its creditor bank, and everyone else in Mongolia are just sort of looking at each other, smiling, and then looking at each other some more -- and that's the way it may stay for quite a while. Of course I could be wrong. Hope I am.