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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII)
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To: eWhartHog who wrote (95)7/22/1998 4:27:00 PM
From: Philip Benson  Read Replies (1) of 406
 
Mr. Hog:

Your comments are well taken. Unlike a lot of companies that lease property/plant, MII owns theirs. Due to the unexpected difficulties experienced last year, the company will be restructuring its balance sheet by in effect selling its building/land and leasing it back (there is a fair amount of off balance sheet value in these assets). This will significantly strengthen their balance sheet, equity position and cash flow. I would expect this to be finalized by Labour Day.

FWIW
Philip
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