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 (2991)	1/9/1999 7:32:00 PM
From: d:oug	Read Replies (2) \| Respond to of 4066

Phil, I noted below two of your comments, and ask questions. (1) There's big potential in the talk between MGR and MAC/TD Bank. Now is best time for MGR to get a deal for all or a part of MAC's 51%. Question: I remember months ago reading a post here that the management of the Mongolia mine might not become the responsibility of MGR. Seemed to receive a favorable response on this thread. But if it was possible for Dave to get a settlement that gave MGR that 51% part, then would MGR own all the mine ? Seems like a good thing, but nothing is for free, so if happened, what would MGR have to do or use as payment ? Maby a percentage of future profits ? (2) With gold at current low, this is the best time for MGR to negotiate. Gold of US$320 and biggies as IPJ might start to talk to the TD Bank. Question: I don't know what IPJ is, but probably a big mine company or a company with big money able to buy things. If happens its seems that just so long that MGR is still holding its 49% then for MGR there will be less of possible profits but also the ability to obtain money for the mine will be easier if the IPJ has a lot. --- I wonder if Dave has help thru MGR to understand all these business and legal possibilities. Doug