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MFC Bancorp Ltd. (MXBIF) Message Board

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  • anonymouswizard anonymouswizard Jul 25, 2005 10:16 AM Flag

    blue earth sale

    Not sure dividend will help much on Blue Earth price. Its income stream is a short life pile of ore located in an unstable country. Compare its yield vs Canadian oil & gas royalty trusts and it doesn't appear that huge a bargain. It is, however, highly lelveraged to the price of Cobalt. This is the main influencer of future price action. If it goes to 4.50 a share, absent a large jump in cobalt prices, I will bail.

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    • I totally agree. I would think a dividend would be discounted at 15-20%, giving a 50-cent dividend a $2.50 to $3.00 capitalization. The only kicker is the Canadian assets, which could be a lot longer lived than the Ugandan refinery.

 

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