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Purpose Cash Management Fund Class A V.MNY


Primary Symbol: T.MNY

The fund seeks to earn a high rate of income To achieve its investment objectives the fund may invest in high-quality, short-term (one year or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances, high interest deposit accounts with one or more Canadian Chartered Banks and/or Canadian Credit Unions, asset-backed commercial paper and commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations and securities of money market funds. Investments made by the fund will be in the top two ratings categories of any of the designated rating organizations (as defined in NI 81-102).


TSX:MNY - Post by User

Comment by Geowatchon Feb 05, 2018 8:15pm
72 Views
Post# 27508002

RE:RE:SP

RE:RE:SPThe SP depends on the dilution needed to start operations. So a 3:1 rollback equate 20 million shares at say 10 cents. Then MNY must raise at least 2 million. 20 million more shares. 40 million shares outstanding. This considers only for one plant. If they buy the other plant dilution will be at least 50 million more shares. Lets leave that out.

But lets focus on the one plant they own and use Dynacor numbers. Montan's capacity 1/3 of Dynacor. So 26,000 ounces a year X $60 profit = $1,500,000 profit.

BUT! Mineral is purchased up front. That cost I do not know so I assume they need at least 50% of lets say 1/4 of 26,000 ounces X $650 = $4,225,000 US needed extra to start operations. I will look closely at the Dynacor financials for this number.

So $6 million is needed. Just my estimate. 60 million more shares.

Therefore 100 million shares outstanding. Dynacor trading 16 times cash flow. Use this for MNY.

Leaves MNY at a $24,000,000 market cap = 0.24 cents with a 3:1 rollback or 8 cents a share today.
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