RE: Haywood Securities MDN Company ReviewIf this can't fire up this stock nothing will. May as well move our money to something that pays 3.5% interest.
Lets look at why this stock and this company is a dead duck.
When you see that insider and management ownership is only 4% you know they could care less what the company stock does. Its just a pay cheque and there is no insentive or passion to create another Kinross, TeckCom, GoldCorp or Barrick. Don't laugh, everyone of these companies started with the same solid asset foundation that MDN have. The difference was that their directors supported and held the stock allowing them to raise money anytime they needed it for expansion and project accumulation. Insiders of NDM obviously get their perks and dump them into the market rather than hold and buy more. 4% has got to be a big message here everyone. So they presently own 3.6 million shares, how sad is that. (Likely mostly Playfords) If they owned 12 million I would consider that a weak inside hand. 4% is anemic and lacks any degree of commitment on the part of the insiders. They think small so this company will stay small. If they thought big they would have never gotten involved with a debt ridden company like GBS, who by the way, now own 9% of this company. Stupid or what! GBX target $2.05, yeah right, in your dreams!!! I expect to see MDN at 0.65$, thanks to the brilliant management moves. GBX's biggest asset is MDN and MDN have 13.4 million GBX could use. GBX also have someone on the MDN board that could eat these MDN board members for breakfast.
Still wonder why this stock isn't moving?