Post by
Nick2021 on Apr 16, 2022 9:26pm
An actual article about Mandalay . . .
Well, here's a first -- an actual article about Mandalay, not in the useless paid press, but by an actual analyst. Sure, it's the Motley Fool, but it's still something:
https://www.fool.ca/2022/04/15/2-gold-stocks-to-buy-if-you-think-a-pullback-is-coming/
I'm still dumbfounded by the extent to which Mandalay is simply ignored -- this extends to the goldbug analysts who are always publishing their various little graphs on mining twitter; these constantly have graphs of all the small gold miners that don't include Mandalay. No idea why not, it's as valid a company as Wesdome, who everyone includes.
Comment by
Sherry35 on Apr 18, 2022 4:01pm
It's hard to recommend a stock that has a very lean float (illiquid). The investor package shows the instiutions owning 100% of the O/S. Retailers would pay a premium for the shares out of the public market.
Comment by
Nick2021 on Apr 18, 2022 8:01pm
I kind of agree -- I've sometimes wondered how the institutions plan on making their money with Mandalay . . . none of the big holders can really sell out, since that would crater the price; are they counting on some kind of takeover? This is why the company really needs to institute the dividend again, give retail traders a reason to fight for the shares.