Patmo Posted February 12, 2016 Author Share Posted February 12, 2016 Price of gold jumped up significantly recently, glad to see that. Link to comment Share on other sites More sharing options...
clutch Posted June 1, 2017 Share Posted June 1, 2017 Just wondering if anyone owns or is following this name? Their impairment of one of their mines (Cerro Bayo), along with the bad Q4 results last year, seem to be weighing down on the stock price. But the latest quarter results seemed promising... Link to comment Share on other sites More sharing options...
DTEJD1997 Posted June 1, 2017 Share Posted June 1, 2017 Just wondering if anyone owns or is following this name? Their impairment of one of their mines (Cerro Bayo), along with the bad Q4 results last year, seem to be weighing down on the stock price. But the latest quarter results seemed promising... This has fallen off my radar. I am surprised they have had poor results and the stock is as low as it is... I still think they are good operators and the stock might be a good deal at this level. Not sure though, will have to get back up to speed on it. I think CALVF is a better bet for gold though... Link to comment Share on other sites More sharing options...
influx Posted July 19, 2017 Share Posted July 19, 2017 Right, I don't see insiders being interested either which doesn't help to gain confidence and purchase shares Link to comment Share on other sites More sharing options...
Patmo Posted July 19, 2017 Author Share Posted July 19, 2017 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. Link to comment Share on other sites More sharing options...
DTEJD1997 Posted July 19, 2017 Share Posted July 19, 2017 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.... Link to comment Share on other sites More sharing options...
Patmo Posted July 19, 2017 Author Share Posted July 19, 2017 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. Link to comment Share on other sites More sharing options...
DTEJD1997 Posted January 20, 2018 Share Posted January 20, 2018 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? Link to comment Share on other sites More sharing options...
DTEJD1997 Posted May 13, 2018 Share Posted May 13, 2018 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? Link to comment Share on other sites More sharing options...
DTEJD1997 Posted June 18, 2018 Share Posted June 18, 2018 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? Link to comment Share on other sites More sharing options...
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