confused about MandalayOk, I normally just read Stockhouse and comment on Seeking Alpha, but I'm so confused about MND that I created an account to ask some questions. How is this company so insanely undervalued?
- it's increasing production in a positive gold environment
- it has 59 million in debt
- at the end of Q3 it had 33 million in cash
- it has free cash flow of 17 million in Q3, and its production in Q4 was higher than Q3 so its cash position is likely to be ~50 million (at least) as of January 1st.
- it's going to be net debt free by the end of February at the latest
When I look at the P/E ratio going forward (can't do TTM because it wasn't profitable in 2019), it literally has the second lowest of EVERY COMPANY TRADED IN CANADA that has a positive P/E ratio -- 2.6 if you can believe that. This for a company that is currently bringing in FCF of .05 per share per quarter.
I understand it's been through quite a bit, but the only downside I see is the life of the Australian mine -- but they're drilling intensively to build that up. Are there other negatives I'm not seeing here? To me the company looks like Wesdome 5 years ago.