RE:RE:RE:RE:Stock price down again ...The Au hedge was the only bad move the executive team made. It upset a lot of retail investors knowing instiutions got an additional kick back. Lets hope those same instiutions buy up the stock and get the SP to $10 CDN given they are getting our dividend so to speak.
I did a quick Google search and found this PR:
Second Quarter 2021 Financial Summary
...
Mandalay generated adjusted EBITDA of $23.1 million in the second quarter of 2021, 9% higher compared to the Company’s adjusted EBITDA of $21.3 million in the year ago quarter. Adjusted net income was $11.5 million in the second quarter of 2021, which excludes the $6.3 million fair value loss related to the gold hedges associated with the Syndicated Facility and $0.4 million fair value loss related to mark to market adjustment, compared to an adjusted net income of $7.6 million in the second quarter of 2020. Consolidated net income was $4.8 million for the second quarter of 2021, versus a net loss of $2.4 million in the second quarter of 2020. Mandalay ended the second quarter of 2021 with $39.1 million in cash and cash equivalents.
You are absolutely right about the "the amount of money this company can make is sick" escpecially with the expiration of the hedge. Lets hope they don't get leveraged into one of those situations again.