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Bullboard - Stock Discussion Forum Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for... see more

TSX:MND - Post Discussion

Mandalay Resources Corp. > lack of liquidity
View:
Post by coffeewiz on Mar 20, 2024 9:35pm

lack of liquidity

you have identified the prime cause of the stock price underperformance. that and that the company has consistently reported underwhelming resuls till now, so lets ask the company why they have chosen to buy back stock rather than pay out a dividend. even a cent a share would be better than reducing an already thin float
Comment by Lowcapmocap on Mar 21, 2024 4:20am
I'd prefer a dividend over buybacks too (I think a healthy dividend itself would bring much needed attention to the stock) but ultimately I think it's been down to being cautious with finances.  For anyone who's been around long enough they'll remember this company was on the brink of liquidating a mine to pay off the debts it owed only a few years ago (hence why the gold ...more  
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