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

To: Ron Everest who wrote (3393)	4/22/1999 11:07:00 PM
From: d:oug	Respond to of 4066

Ron E, your post reminds me of something BearCatBob keep on saying, in that even if the Mongolia MAC situation is cleared up without any winners or loosers, just lots of compromises, lots of wasted time and effort. For example, a settlement: MAC will not have to pay those penalties to MGR MAC is released of all possible legal troubles from the Bank with MAC giving all its Bumbat claims to the Bank along with an agreement from MGR that upfront profits will be used to pay off the MAC loan from the bank For this ending of the conflict, the Bank gets it money back, and MAC will get away with poor business dealings. As for MGR, it will have lost the forward progress and income from the Bumbat mine being closed. Also for MGR will be a forfeit of money and claim of damages from MAC. What does MGR, us shareholders get ? This settlement agreed upon by MGR will let it develope Bumbat, but most important it will take away the very good possibility that MGR's share price going to .01 and the 1:20 consolidation not resulting in any new money for MGR. Dave Webb is counting on the 1:20 consolidation to raise money for MGR because he has heard or read in books that it does happen. Ok, but under what conditions does a 1:20 consolidation work, and under what condition has it not. I doubt Dave Webb can answer these questions except in general terms. So I say to Dave Webb, the Mongolian people, especially those in MAC, have outsmarted you, and it happened years ago. They have MGR in a loose all or loose most situation. Picking one will happen, if not now, then later, unless you get the 1:20 consolidation to work, and if it does not, then MGR will cease and the Mongolian Bank and MAC get Bumbat. Doug Well, Doug, If I am right that the 1:20 consolidation will cause MGR to again have a lot of air under it, then it will fall dramatically or over time and if there is merit, I can postpone my 2 trips and buy back cheaply. Hope you are not into this one too deep, Best regards, Ron E