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 (2851)	11/19/1998 7:37:00 PM
From: Dave R. Webb	Respond to of 4066

In answer to your questions 1. Is MAC arms-length..... The best I can figure it, is to paraphrase a local Mongolia politician who described the sometimes very heated debates in Parliament. "Don't worry about things getting out of hand in parliament. It really is brothers against brothers.....they're all related to each other!" It's as arms-length as anything can be. 2. TD Bank sale.... The bank has not expressed a position on this to us yet. We are talking to them. 3. Buy the interest. Very complicated answer here, but the simple answer is we'd consider it if we felt it was good value for the shareholders. There may be a possibility of a better deal down the road. We'll look closely, and talk to some financial sources for their opinion. Any deal is likely to be non-recourse debt, so it would be the lender's comfort level of a rapid payback that best determines the price. And Bearcatbob, go ahead..... I think you can do better than "with what" anyways. Dave