Mandalay Resources Corp. (TSX:MND) focus on building shareholders value -
Mandalay Resources Corp. is a Canadian-based natural resource company with producing assets in Sweden, Australia and producing and exploration projects in Chile. The company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia and the Americas to generate near-term cash flow and shareholder value.
Expert Comments: The Gold Report Interview with Chris Thompson (2/11/15) "One gold producer that we follow is Mandalay Resources Corp., a company that I like a lot based on its management team. . .Mandalay has big company expertise in a small company. It has acquired over the course of the last five or so years two distressed mines, Cerro Bayo and Costerfield, both of which are now producing cash flow. That is the sort of opportunity that the company has with Björkdal and Mandalay has the know-how to do the job. Björkdal is currently breaking even or making a bit of cash flow but it comes with a large resource base that needs to be refined. That is what Mandalay is good at. It is focused on economics and shareholder return. It wants to build a balance sheet and grow the company like a business." read more >
Mike Parkin, Desjardins Securities (1/19/15) "This morning after market open, we learned that Mandalay Resources Corp. sold its non-core Lupin and Ulu projects, which are both located in Nunavut, to WPC Resources Inc. In exchange for these two properties, Mandalay will receive CA$3M in cash upon closing (expected to close on May 15, 2015) as well as 18M WPC Resources common shares valued at ~CA$1M at the current trading price of CA$0.06/share to be paid to the company in three installments. . .we view this transaction as a positive for Mandalay as we do not give any value to the Lupin or Ulu properties in our model."
Mike Parkin, Desjardins Securities (1/13/15) "We met with Brad Mills, CEO and Executive Director of Mandalay Resources Corp. today, and came away with higher conviction in our Top Pick rating. The current 2015 guidance calls for a 14% year-over-year increase in production using the midpoint of the 167–185 Koz gold equivalent range, but the total cash cost guidance is not reflecting recent FX and oil price moves—management has locked-in on the oil side through derivatives, capping the price at $60/bbl while maintaining participation to the downside. At $60/bbl oil, the cost savings are about $7M year-over-year or about $40/oz gold equivalent at spot prices."
Chris Thompson, Raymond James (1/12/15) "We are maintaining our Strong Buy rating on Mandalay Resources Corp. and are increasing our target to $1.30 (from $1.20) following the release of stronger-than-expected Q4/14 production and sales. . .the company delivered 155 Koz Au eq in 2014, which met the upper end of its 141–156 Koz Au eq guidance range and represented a 22% increase over the 127 Koz Au eq delivered in 2013."
Benjamin Asuncion, Haywood Securities (1/12/15) "Mandalay Resources Corp. had a strong finish to 2014, with record production from Cerro Bayo and Costerfield. . .Cerro Bayo delivered production that significantly exceeded expectations (+17% higher on an Au eq basis) from what we estimate to be attributed to higher grades and, to a lesser extent, recoveries." Andrew Kaip
Andrew Kaip, BMO Capital Markets (1/12/15) "Mandalay Resources Corp. released Q4/14 saleable production of 31.6 Koz gold and 1,021.2 Koz silver, essentially ~6% and ~26% above our research forecasts of 29.9 Koz gold and 757.8 Koz silver, respectively. . .Q4/14 gold equivalent production of 52.6 Koz was ~10% above our forecast at 47.5 Koz." More Comments Experts Commenting on This Company
The Cure That Will Shock The World – Reset Gold Price To $5,000 or $10,000! Richard Russell Just Exposed A Coming Event That Is Going To Shock The World! - February 25, 2015
jsc52033 thank you, the TI Chart Point & Figure - P&F is made out automatically figured out by the computer based on the trading history of the issue it representing -
GOLD Chart TI P&F TA Bullish Price POG Obj. $1570.-/oz 1st Target -
CALVF Chart TI P&F TA Bullish price objective $4.38 per share 1st Target -
CALVF - Africa's lowest cost gold producer - doing very well - Ex. CALVF - NO DEBT - CASH >$27 million in London banks - CALVF - Paying 8% Dividend - CALVF - Gold produced @ $599/oz - CALVF - Sold 51% of Blanket Mines for >$30 million - - to mine workers and their community etc. - CALVF - collecting 10% on the >$30 mil. to payed in full - CALVF - Managing the Blanket Gold Mines -
Gold Price in South Africa per Ounce Charts - Go to Moon - when fiat$ fall down the cliff -
Barrons: Why Gold Will See $2,000 -
ANZ’s Warren Hogan and Victor Thianpiriya say central bank demand may drive the metal to new highs as China emerges as a gold trading hub. By WARREN HOGAN AND VICTOR THIANPIRIYA March 18, 2015 ASIA’S FINANCIAL TRANSFORMATION
The income effect implies that consumer purchasing power increases as real wages rise, and as such, the demand for gold will increase as more people can afford to buy it.
In Asia over the past few decades, the income effect has been dominant. The Asian economies (particularly China and India) have enjoyed strong growth, but still have a relatively tightly regulated and narrow financial system.
Gold has been a beneficiary of these challenges as it is largely not subject to the same regulations as the wider financial system.
Given that gold has also played a strong role in Asian cultures, the demand is even higher than purely financial factors would suggest.
China’s government is also actively pursuing greater participation in the gold market.
The SGE is working to open up the Chinese gold market to international investors by establishing the SGE International Board in the Shanghai Free Trade Zone (FTZ).
The opening up of China’s gold market to international investors could provide a sharp boost to trading volumes on the exchange.
The tendency of the Chinese market to trade at a discount or premium to the global spot price could also attract investors to the exchange, with the pricing of the contracts in RMB being another attractive aspect.
Tradepenny thank you, fiat Dollar Is Now Toilet Paper – ? - Get Ready -
when China back up their reserve currency with gold -
all Rothschild's banks have to follow -
they will confiscate the peoples gold - ex....
Effect of the order -
Executive Order 6102 Executive Order 6102 required all persons to deliver on or before May 1, 1933, [color=red]all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $376.58 today[4]) per troy ounce. Under the Trading With the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $182,185 today[4]) or up to ten years in prison, or both.[/color]
The people will hand over the gold to the Rothschild's banks - the people will NOT GO TO JAIL FOR 10yrs -
Rothschild has figured out how to get the peoples all gold for the fiat 666 poncy scheme - it worked for Rothschilds fed in 1933 - it will work again - crimminals often will repeat the crimes to they get to jail -
I don't buy physical and only Precious metal mines producers - they will be on 3shift / day / production - like Homestake was in 1933 -
dd.... CALVF Chart TI P&F TA Bullish price objective $4.38 per share 1st Target -
CALVF - Africa's lowest cost gold producer - doing very well - Ex. CALVF - NO DEBT - CASH >$27 million in London banks - CALVF - Paying 8% Dividend - CALVF - Gold produced @ $599/oz - CALVF - Sold 51% of Blanket Mines for >$30 million - - to mine workers and their community etc. - CALVF - collecting 10% on the >$30 mil. to payed in full - CALVF - Managing the Blanket Gold Mines -
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