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 (3465)	5/1/1999 10:01:00 PM
From: d:oug	Read Replies (2) \| Respond to of 4066

Phil, I can still sell my mgr shares and get back near all my investment, but based on the information presented here on this thread by Dave Webb I am going to hold with the speculation that my current investment may still see the type of returns I initially hoped for. If so, then you will be able to reclaim in total your investment in MGR. And this is with the 20:1 consolidation being passed. Infact I now accept the fact that the Mongolian situation was never to be settled in a way satisfactory to MGR. Look at who is MAC, ... Mongol Alt Corp... appointed by the Mongolian Ministry of Mining and Geology ... government people putting their favorite friends into this comapny, and ability and experience not needed, just the ability to share the money made between all. As expected, it failed, and asking MAC to be punished is asking to also punish the Mongolian Ministry of Mining and Geology by exposing this type of poor activity by government people to help themselves of the countries riches, and to hell with its citizens. Did Dave Webb make a stupid mistake here because he thought the people in MAC were able to deliver ? I say no more than anyone dealing with a countries governemt, in that even in the USA and Canada and all the other countries, this is the way our high governmemt leaders do business. Not to say that those at the top are crooks, its just that the system under them is crooked, and for them to run the government they have to use the system in place. The following is from past posts, and at the end I answer anothers posters question directed to Dave Webb. George Malby Canadian Securities License from the Canadian Securities Institute, Real Estate Sales License from the Real Estate Council of British Columbia, Mortgage Brokers' License for the Province of British Columbia Alan Tambosso Association of Professional Engineers, Geologists and Geophysicists of Alberta his own private company which was recently merged with an ASE-listed company a senior Vice President and nominated as a director of this ASE-listed petroleum company. The extremely depressed state of the junior market has forced share prices well below net asset values for many companies. Just take a look at the number of listings under $0.20, under $0.15 on the VSE. There have been mineral resource projects wanting financing that under different situations would never be available. I don't know when the situation will change, but I'm fairly certain that it will sometime. Amazing how MGR president can be dancing on financing "other situations" and "projects" (note the plurality) and MGR itself cannot finance squat with regards to its own project(s). Sounds like bs to me Dave. (my reply) To above on presently MGR doesn't have the ability to take care of itself, and now wants a 20:1 to obtain others in trouble. Seems simple to me. Dave Webb gets the 20:1 and Dave Webb will bring in new money into MGR, enough to suck in other companies with potential, but hurting like MGR. Now why can MGR do this, get big new money, why not these other companies. Answer to me = MGR has Dave Webb. And to make my view clearer, this new money is big money, from people with access to big money looking to invest, and needed a person with know how to know good places, so they know Dave Webb has a "vision" better than other presidents, and just so a new name can reflect the new companies sucked in, then just get the 20:1 done so the new money can do it. They are willing to back Dave Webb, and Dave Webb brings along MGR. Bumbat failed, and even if restarted, MAC and Bank will limit its return to current shareholders. Presently mgr shares worth .05 now and later with Bumbat its .08, but a 20:1 can save your investment. Its like do a 20:1 for less value, but hold and later it will be more. I see no other logic to flow from the facts presented by Dave and MAC. Doug