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The Calandra Report: Mandalay, MND The Dividend

Thom Calandra Thom Calandra, www.thomcalandra.com
1 Comment| September 26, 2014

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September 24, 2014

TORONTO -- Sweden, Australia, Chile.

Two top executives own 8.5 percent of the shares.

Six percent of trailing revenue dividends to shareholders four times a year.

"No additional capital raising." That is a direct quotation. No debt raising either, the boss says.

Gold equivalent production will grow to 300,000 ounces from half that currently.

Mr. 60-year-old CEO seems to live the themes he touches before an audience of 150 experienced investors.

His name is Bradford Mills. The company is Mandalay Resources (TSX: MND, Stock Forum). His surname fits the resources business. The company ticker rhymes with find. The dividend word I am searching in my financial dictionary.

I own Mandalay because Mandalay bought Elgin Mining (TSX: ELG, Stock Forum), which merged with the company that owned the Sweden mine: Bjorkdal. I was fortunate to visit that 25-year-old mine 4 years ago. My coverage was for TCR, for Ticker Trax and for private clients.

More at Thomcalandra.com

THE CALANDRA REPORT: Subscribe

Now $129 yearly! My ass is on the line, too.

See: A thomcalandra.com home for our expanding TCR family.

THE CALANDRA REPORT

$129 yearly: Does Not Recur

THE CALANDRA REPORT

$129: Will Recur Yearly

www.thomcalandra.com



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