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.
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