Trailmobile Canada TMX (formerly MII) Message Board

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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII)

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To: Wizzer who wrote (91)	7/22/1998 3:25:00 PM
From: eWhartHog	Read Replies (2) of 406

According to the Financial Post, Mond has the second highest price/book ratio on the TSE. FP gives book value per share as one cent. canoe2.canoe.ca From the 1997 Mond annual report, the 1997 loss of $9.9 million reduced shareholders' equity to $450,020, and there is a "going concern" warning in the notes to the annual report. Earnings are more important than book value, but there seems to be considerable risk in MII if earnings falter since there is so little equity. Mond may or may not be worth buying, but investors should familiarize themselves with the financial statements to understand the risks.

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