Mandalay Resources Corp. T.MND

It might be awhile

[Lowcapmocap]

You never know with these things but it probably won't be until earnings come out that anybody will care about this stock. It's clearly way underpriced with minimal risk at this point and gold seems to be heading up no matter what. If we're lucky MND will be added to a gold fund/ETF next quarter.

It's crazy to see a company valuation so out of whack. I at least hope MND are buying up shares at this price if they where willing to buy over c$2 20.

With gold this high dividends should return no questions asked. It'd be sketchy at this point not to do so.

[Lowcapmocap]

Gold is up over 9% on the month and MND is up 4.2% while sitting near it's covid lows. It actually laughable. Make it make sense

[Nick2021]

When a gold mine stops replacing the depletion caused by production, investors notice.  Right now Costerfield has less than 3.5 years of mine life left, and no one's seen drill results suggesting that that is going to grow for about 2 years.  

[Lowcapmocap]

That is true and it's something I pointed out as something to watch out for in a previous post (to see if increased exploration spend actually yields results) however I don't believe that's what's keeping the price low. Unless I'm wrong but the company has had a 2-5 year range on the mine life for a long time so unless we dip below 2 it doesn't actually worry the the big

[Nick2021]

I totally agree that this is possible, and in fact, I'm optimistic that that's the case; it's just that the pessimistic case is reserves not increasing.   MND has had tremendously poor luck, in that when it FINALLY got rid of its onerous debt repayment and the hedge that crippled its ability to make money during the run-up in the price of gold, it simultaneously encountered

[coffeewiz]

clearly it doesnt make sense to us small shareholders.i havn,t checked the annual report recently, but the last time i looked 7 institutional shareholders controlled about 70% of the stock. does it support their interests?