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

To: Ron Everest who wrote (3468)	5/2/1999 1:05:00 AM
From: DeplorableIrredeemableRedneck	Respond to of 4066

Toya Pravda Ron. I hate to say it but the only winners will be the shorts. One more bites the dust. No moula in the kitty, no JV's with a major sniffin at their heels. No good news. A no brainer.

To: Ron Everest who wrote (3468)	5/2/1999 3:39:00 AM
From: d:oug	Respond to of 4066

Ron, I totally agree with you and Darren and the other posters that say that MGR has sunk to the type of low that comes just before a total collapse. If the 20:1 consolidation does not hapeen, then Dave Webb would resign not so much because he failed MGR, but mainly because with no money in the bank to develope anything else under MGR, and the Bumbat Mine in Mongolia to stay in never-never land, then whats there for MGR employees to do ? Nothing except come by on friday and collect a paycheck. Other companies in Mongolia are probably ok because they got lucky and did not get involved with the MAC persons. I wouldn't be suprised if current and future foreign investments in Mongolia specify in strick terms that no MAC personnel be allowed in any way. So, no 20:1 and no Bumbat for days...weeks...months...years, along with no new money....shorts or not, MGR going to Chapter 7, and Dave Webb would be long gone before this, and Mongoloia gets back it Bumbat for the MAC people. Life in the big city, I guess. If the 20:1 does happen, and if Dave Webb does not have something already cooking ready to add to the pot, then the soup will be thin and weak. This would be a joke on us shareholders here if the 20:1 happens and MGR only has Bumbat to lure in new investments. So bad to me that I have taken it upon myself to spin a webb of good news waiting. If I'am wrong, then I loose all my investment, since I will hold. The wait is only a month or 2 away to find out if MGR is MGR or NEW or Ch.7. <<Around and around you go Doug A K but no matter what spin you try to put on this thing called MGR, it is about to be buried, dead and gone.>> Reminds me of when I was a boy and saw this girl on the merry-go-round and I wanted to get her attention, so I started to spin it but it did not move because another little boy also wanted to get her attention, and was pushing in the opposite direction. Here we were, each pushing and canceling out each others spin. After a while we noticed that the little girl got off and left because no round and round was happening. I have no idea if that story relates to MGR or not. Doug