Mandalay Resources Corp. T.MND

acquisition

[ontheroad1]

Hey folks accumulating slowly for the past month. At these level of production and cash flows, I have to assume, we are only going higher. At this rate, it's not hard to see the company at $100 million in cash by year end. If that's the case, than the new CEO should consider buying an asset that compliments the portfolio, instead of a merger. Maybe we can get some help from the market, and the stock finally moves. i have to wonder though, these 4 large investors can't be too happy about the past performance. There is no liquidity and on the OTC market hardly any? Has anyone asked why they don't do an uplisting?

[Nick2021]

I've been a long-time shareholder of MND (starting in 2017), and I thought for almost all of that time that the company has a huge upside.  However, this upside never materialized, and now, when it looks like gold is in one of its rare-but-violent upswings, I've decided to reduce my exposure to this company and invest it in other stocks that have more potential.  I don't want

[ontheroad1]

Nick hello, thanks for the detailed reply, the company has a colorful history, no doubt. It makes you wonder why the 4 large investors have stuck around. Has the new CEO been brought in to finally create shareholders value? I think so! Also, were the last couple of years used by prior management to prep the 2 assets to finally generate good cashflows? It looks that way to me! Barring any

[ontheroad1]

</hence, i commented on here that if we get a little help from the market and we end up with $100 million plus in cash by year end 2024, should the ceo not consider an acquisition versus a merger? i do appreciate your input nick and let's continue to share info. cheers!>

[ontheroad1]

Nick, one last thing. In his latest presentation, the CEO mentions that Costerville is never going to double in size: it's just the nature of the ore body. Extending the mine life is all that they can do.

[Nick2021]

 It makes you wonder why the 4 large investors have stuck around. Same here!  I do wonder this -- MND is unusual in that it has 4 very large shareholders and minimal liquidity.  I don't understand what they get out of holding it, and have a few thoughts. 1)  They screwed up, and didn't realize that they wouldn't be able to get out without cratering the stock. 2)