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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (440)	7/20/2000 11:15:09 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Anyone want to venture a guess as to when distributions will be reinstituted, and how much? My own preference would be that they announce that distributions will be reinstituted when debt/cash-flow is reduced to 1 (persumbably in another 4-5 months). Whatever the distribution, the simple fact that there is a distribution should help MXT to start to trade at a price/cash-flow ratio closer to the other oil and gas royalty trusts. These days that's about 4.5/1. At a cash-flow of $1.40/share that translates into a unit price of $6.30. We'll see.