Mandalay Resources Corp. T.MND

2023 -- MND's year

[Nick2021]

Well, we didn't quite make it back to $3.00 this week . . .  but I'll take a series of up-days, ending on +8% on good volume.  This is the year that MND is finally going to have a chance to show what it can do.  The company is unemcumbered, and the macro environment looks good for gold.  

The simple fact is, by June, MND is going to have a dividend.  In the past, they had an automatic dividend policy that set it at a certain percentage of free cash flow (can't remember the actual details); in practice, this came out to about 5%.  I doubt it will be that high again, since the company is being more aggressive at spending for exploration -- but given MND's revenue relative to its stock price it could be decent..  

MND has managed to achieve its current impressive exploration results while managing an ongoing quarterly payment of 3 million dollars, and a hedge that costs a million or two more.  Together, these easily added up to 15 million/year.  With 92 million shares out, MND could declare a yearly dividend of 16 cents a year solely from the revenue of their former debt service -- this would be twice Sandstorm's dividend (currently 2 cents a quarter) at a stock price that is 1/4 of Sandstorm's.  

And this dividend will come with whatever the company discovers in its drilling program, at one of the highest-grade mines in the world, geologically similar to Fosterville . . .  MND is a company that produces slightly more than Wesdome, with an EPS higher than Wesdome, and a stock price that is between 1/4 and 1/8 of Wesdome's.  I can't think of a more undervalued company just based on current metrics, not even thinking of its potential upside.  If re-instituting the dividend doesn't make the market notice it, I don't know what will.

[Nick2021]

One final comment -- in the past, a post about this company would get 20-30 views.  This post is almost up to 400, and it went up in the very early morning (of North America).   MND stock has sucked for a long time -- when I built a position in it, it was easy because the pressure came from the sell side (that's my problem -- I waste money by being early).  That might be

[Sherry35]

Your final comment post got 215 views right now!

[miscstuff]

Easy to do. For those who like to impress themselves, open up your post and continually hit the "refresh" key. Absolutely meaningless.

[Sherry35]

Arnie - Using another one of your multiple SH user accounts to scam people out of money. Stop pumping PGM to poor unssupecting souls. Have the exploration permits been straighten up?

[Sherry35]

It took you that long to figure it out or did your pals at SH tell you that.

[Nick2021]

Sure, it's easy to do.  However, I didn't do it  I guess it's possible that there's someone else who does it with posts on MND, but that seems like quite a waste of time.  

[ukrop13]

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