Author Topic: MND.TO - Mandalay Resources  (Read 10624 times)

DTEJD1997

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Re: MND.TO - Mandalay Resources
« Reply #30 on: July 19, 2017, 04:25:50 PM »
Cerro Bayo went to s*** in a flooding, creating lots of uncertainty. It appears like a temporary/containable situation but I'm only going off press release information, what the hell do I know. When Brad Mills left his CEO position, things started turning south. I think it's just a coincidence but the timing is as such.

Great opportunity to get in on the cheap, I'm considering adding but haven't decided yet.

Perhaps even more importantly than that...it is tragic that two miners lost their lives in that event.

They were frantically drilling for days in the hope that the miners made it to "safe space", but it appears the whole of the mine was flooded.

I would not be surprised if that mine is shut down or a total loss.

There will be a huge charge from this no matter what.

Stock might still be cheap as it is under $.30/share.  Hard business....


Patmo

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Re: MND.TO - Mandalay Resources
« Reply #31 on: July 19, 2017, 04:45:49 PM »
Cerro Bayo went to s*** in a flooding, creating lots of uncertainty. It appears like a temporary/containable situation but I'm only going off press release information, what the hell do I know. When Brad Mills left his CEO position, things started turning south. I think it's just a coincidence but the timing is as such.

Great opportunity to get in on the cheap, I'm considering adding but haven't decided yet.

Perhaps even more importantly than that...it is tragic that two miners lost their lives in that event.

They were frantically drilling for days in the hope that the miners made it to "safe space", but it appears the whole of the mine was flooded.

I would not be surprised if that mine is shut down or a total loss.

There will be a huge charge from this no matter what.

Stock might still be cheap as it is under $.30/share.  Hard business....

Totally, very tragic, and I bet you this could have been prevented. Hopefully, the company and other stakeholders will learn from this and the proper controls will be put in place to ensure an event like that doesn't happen again.

DTEJD1997

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Re: MND.TO - Mandalay Resources
« Reply #32 on: January 20, 2018, 02:07:26 PM »
Hey all:

I sold out of this quite a while ago.  The share price has gone down substantially.

I'm starting to look at it again.  It is trading for about 1/2 book value.  The cash flow is down substantially since Cerro Bayo was flooded and had the tragic accident.  If that mine can be partially re-opened, cash flow would improve substantially.

These guys are low cost operators and management is focused on returns/shareholders.

They have demonstrated knowledge/capability/execution in the past.  Can they do it in the future?

Anybody else aware/watching this?

Any thoughts?
« Last Edit: January 20, 2018, 02:29:00 PM by DTEJD1997 »

DTEJD1997

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Re: MND.TO - Mandalay Resources
« Reply #33 on: May 13, 2018, 01:09:35 PM »
Hey all:

Quarterly report came out the other day.  Almost break even, loss of $.00/share.

Cash flow looks strong.  Balance sheet looks reasonable.

They seem to be getting back some deposits from projects in Canada.  That should free up quite a bit of cash.

Bjorkdal mine appears to have been improved substantially since they took it over.  There also appear to be more improvements for this mine in the near future.

The Australian mine has made some discoveries that might extend the life of the mine.

There does not appear to be any news on the Chilean mine.  Still not operating.

They also appear to have sold off one of their exploration projects.

While MND is losing money, they are VERY close to being breakeven.  If the improvements go through at their two operating mines, they should be making a small profit.

What is going to be interesting is where this company is in a year or so.  Assuming gold & antimony prices stay stable, OR perhaps even go up AND the improvements go through, could this company be making $.02/share?

Could their Chilean mine reopen?  Could they take on another project/buy out a mine like Bjorkdal?

With a couple/few good developments, this company could be doing a LOT better?

Any thoughts?  Anybody watching this?

DTEJD1997

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Re: MND.TO - Mandalay Resources
« Reply #34 on: June 17, 2018, 05:18:45 PM »
hey all:

Time passes and MND.to hit a new low Friday.

I am seriously getting tempted to start a position again.

HOWEVER, CEO Mark Sander has resigned suddenly.  I wonder if he really resigned or was ousted by the board.  Dominic Duffy has replaced him as CEO.

Stock is down 90% in 2 years.

Anybody else following this?