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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII) -- Ignore unavailable to you. Want to Upgrade?

To: JOE TURMAINE who wrote (307)	5/6/1999 10:18:00 PM
From: eWhartHog	Respond to of 406

Joe, I'm not sure what you mean by a conspiracy. Do you know for certain if Trailmobile or Newcourt are guarantying the obligations of Mond, if this guaranty will be provided on a continuing basis, and if there is any cost for the guaranty? I've read nothing about a guaranty in recent press releases. Regardless of the long-term prospects of MII, they need credit from suppliers for their purchases in the short term. It's hard to get credit when you have a negative net worth and two years of losses. If Mond had a positive book value, Trailmobile might provide a guaranty for free, but they could require some incentive to guaranty debt when there already is an accumulated deficit of $7.45 million. Regards, John