Mandalay Resources Corp. T.MND

Frustrating Share Price

[Sherry35]

The price keeps getting hammered escpially after filing the SEDAR Preliminary Short Form Prospectus.

This company should be trading at $5.00 CDN with 30 cents on dollar buyout. Yet here we sit at $2.00 CDN. Somebody wants cheap shares in a forth coming placement. What ever is happening lets get it over before the Christmas effect on POG.

[AlfTanner]

Sherry35, thank you for mentioning the Short Form Prospectus.  I had not noticed that.  No wonder the stock price is dropping like a stone.   I find it very misleading that this was never mentioned in a press release.  Also, the "Why Invest" page on the web site says:   FULLY-FUNDED Cash position of $34.2M at 2020 year-end affords Mandalay with the

[Sherry35]

Lets hope the proceeds from the placements results in better acquisitions that surpass the previous CEO's purchases. For the past two years we've been divesting and moth balling his unique acquisitions. PD is smarter than the previous CEO. This company is sooooooooooooooooooo discounted based on the SP that Eric Sprott may take a position. If that's the case, perhaps he'll bring

[Nick2021]

I am not particularly heartened by this development -- first off, it might just be preliminary, or something that they want to do in the background so if an opportunity comes up, they can take advantage of it.  However . . . The best thing for shareholders right now is that the company is derisked by getting rid of its debt (well under way), that the company starts building up a healthy

[Sherry35]

I can not dispute the history of the company as stated in your post. As for the reserves, I've vocally expressed my opinion to the IR person about updating the reserves once a year.  That need to update it twice a year and show a 10 year reserve on Costerfield. They have the cash flow to issue reports twice a year. If this company was to bought out tomorrow, how much is it worth? It'