{"id":4893,"date":"2014-10-22T12:43:45","date_gmt":"2014-10-22T12:43:45","guid":{"rendered":"\/?p=4893"},"modified":"2014-10-22T12:44:19","modified_gmt":"2014-10-22T12:44:19","slug":"mandalay-resources-corp-tsemnd-otcmktsmndjf-to-announce-q2-results-this-week-2","status":"publish","type":"post","link":"\/articles\/mandalay-resources-corp-tsemnd-otcmktsmndjf-to-announce-q2-results-this-week-2\/","title":{"rendered":"Mandalay Resources Corp. (TSE:MND), (OTCMKTS:MNDJF) to Announce Q2 Results This Week"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MND_chart.png\" border=\"0\" alt=\"MND_chart.png\" title=\"MND_chart.png\" width=\"450\" height=\"201\" \/>Just as trading hours ended on Friday, Mandalay Resources Corp. (TSE:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a>), (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=<a href=\">MND<\/a>JF&#8221;><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a>JF<\/a>) published a press release. The company informed that it will be releasing second quarter financial results later this week. <\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a> will release Q2 performance information this Wednesday, Aug 6, after the markets close. This will be followed by a conference call with CEO Mr. Mills to be hosted on the following morning. Over the previous quarter the company did reasonably well, publishing the following figures, in US dollars:<\/p>\n<ul>\n<li>$20 million in cash<\/li>\n<li>$23 million in current liabilities<\/li>\n<li>$38 million in Q1 revenues<\/li>\n<li>$5.7 million in Q1 net income, $7.3 million after currency translation adjustments<\/li>\n<\/ul>\n<p>Those numbers reflect a reasonable pace in the new year, when compared against the overall performance of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a> for 2013. The company clocked revenues of $166 million for the last fiscal year and the bottom line was net profit of $29 million.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MND_logo.jpg\" border=\"0\" alt=\"MND_logo.jpg\" title=\"MND_logo.jpg\" width=\"120\" height=\"45\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a> also published a press release on Thursday, informing of a C$5 million advance under the bridge loan to Elgin Mining announced earlier. The loan accumulates interest at the rate of 10% per year and can convert into Elgin common stock if <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a> so desires, at a price of C$0.157 per share.<\/p>\n<p>In Friday&#8217;s session <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MND\">MND<\/a> traded 316 thousand shares, or about half its monthly average, and closed flat, at C$1.16 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just as trading hours ended on Friday, Mandalay Resources Corp. (TSE:MND), (OTCMKTS:MNDJF&#8221;>MNDJF) published a press release. The company informed that it will be releasing second quarter financial results later this week. MND will release&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1460,1459],"class_list":["post-4893","post","type-post","status-publish","format-standard","hentry","category-news","tag-mnd","tag-mndjf"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4893"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4893\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}