Mandalay Resources Corp. T.MND

what a joke

[Nick2021]

Boy, the market is sure making it clear what it thinks of this company . . .  in two weeks the hedge comes off and MND's revenue 'should' increase by more than $15,000,000.  It sure looks like everyone's fighting to own a little bit of that!

Here's the thing -- choosing a stock buyback over a dividend was a catastrophic choice.  The stock is already thinly traded; what's the point of reducing the float?  MND needs to make people want to hold it.  It could have paid a killer dividend with a fraction of the increased revenue alone.

[Lowcapmocap]

I wouldn't say it's catastrophic but a dividend is probably the more suitable choice of returning value to shareholders than buying the stock due to illiquid trading. I do like the ncib though since they can be more flexible in how much they spend on it. Issuing a dividend is best when they know they can keep it going with any hiccups. For example imagine they started the dividend at the