Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Comment by Nick2021on Mar 29, 2024 3:13pm
102 Views
Post# 35960406

RE:RE:RE:It might be awhile

RE:RE:RE:It might be awhile I totally agree that this is possible, and in fact, I'm optimistic that that's the case; it's just that the pessimistic case is reserves not increasing.  

MND has had tremendously poor luck, in that when it FINALLY got rid of its onerous debt repayment and the hedge that crippled its ability to make money during the run-up in the price of gold, it simultaneously encountered 2 problems:  technical issues at Costerfield that really reduced profits, and it suddenly stopped hitting new reserves.  This is, simply, just too bad, and I really hope that both can be fixed.  If they can, it's going to coin money.

The one thing I simply do not understand about the company is why, when they've identified lack of stock liquidity as an issue holding the share price down, they've chosen to do a stock buyback instead of a dividend.  How does that make sense?  
<< Previous
Bullboard Posts
Next >>