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

To: Ron Everest who wrote (3494)	5/12/1999 2:52:00 AM
From: d:oug	Read Replies (1) \| Respond to of 4066

Ron, you sold at .06 and could have brought at .01 on Monday May 10. I see a bid/ask for that day at .03/.04 with no volume. As for Dave Webb's investment into Mongolia being a disaster is true for you who did a buy high and sell low, is true. For others still holding, the outcome is not yet determined. The next news might be to report on the 20:1 vote. I still see a yes on the 20:1 to put pressure on Mongolia to settle the MAC/Bank/Bumbat/MGR issue to the satisfaction of MGR. A no to the 20:1 will let Mongolia take no action for a resolution on Bumbat with the expectation that MGR will dry up and wither away. In my opinion, for current shareholders, a no on the 20:1 is like voting yourself a consolidation of 10000000000000:1, so that MGR ceases. I would rather vote for a 20:1 and give myself a chance, thru Dave Webb's efforts, to bring in new money and have MGR get control of other companies resources for a cash flow. Dave Webb knows mining and knows where the already proven minerals are. Would not take much for MGR to get a cash flow so as to continue, and most important, wait for the price of gold to explode up, knowing that Mongolia would move on the MAC issue if money could be made from Bumbat. A 20:1 lets us wait for price of gold to break away from the hold of those who are running out of ways to keep it down. To me, rather than say a 20:1 is a dilution, its a way to stay in the game with MGR and Bumbat. Or you can sell now like Ron and loose most of your investment, leaving the possibility of a change to the better. Doug