Mandalay Resources creates exceptional shareholder value through the acquisition of undervalued assets that can rapidly become cash generative, self fund exploration, establish and maintain high operating margins and return cash to shareholders within a planned period of time. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.
Mandalay Resources CEO says it aims to be debt free by year end
Wednesday, April 11, 2012
Brad Mills, CEO of Mandalay Resources (TSX:MND) tells Proactiveinvestors that the company will continue with the current strategy of self funded organic growth, something he says is not typical of a junior miner where there is rapidly expanding production to get cash to buy assets to raise production and continue the cycle. Brad also talks about the cash generation and the aim to be debt free by year end. If the company is in the situation of not being able to find an internal use for the cash, Brad talks of the possibility for a return to shareholders.
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