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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I am trying to understand Mandalay's US$50 million of senior exchangeable bonds on their balance sheet (see below).
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US$50 million of senior exchangeable bonds issued April 29, 2014.
The Bonds, which will have a maturity date of five years from the issue date, will be issued at par and carry a coupon of 5.875% per annum payable quarterly in arrears. The Bonds will be exchangeable into ordinary shares of the NYSE Arca listed SPDR GOLD exchange tradable fund (the "GLD Shares") at an initial exchange price of US$149.99 which is a premium of 20% above the VWAP of GLD Shares on April 29, 2014 (currently equivalent to a gold price of approximately $1,556 per oz). Further details regarding the terms of the Bonds and the Loan Agreements, subject to the revised terms described herein are set out in the Company's press release of April 23, 2014.
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Could you comment on whether this bond issue is still a good deal for Mandalay given the huge drops in the SPDR price and the Cdn dollar.
Any help simplifying and interpreting this deal for me would be much appreciated - it seems very complicated !!
Read Answer Asked by Ralph on November 09, 2015
Q: Hi guys
I love your site and all the information you make available for investors my question today is on rubicon I always like to have a couple of small positions worth of cash to take advantage of certain situations do you see rubicon as down and out now or is it more likely a good buyout opportunity for a company like gold corp as rubicons market cap has been significantly slashed with the last couple of news releases do you believe this makes rubicon currently undervalued or a company to stay as far away from
Read Answer Asked by Richard on November 05, 2015
Q: looks like another great quarter. I am thinking of selling the dud Goldcorp and using the proceeds to put into CRJ. Thoughts ???
Read Answer Asked by blake on November 05, 2015
Q: This project seems to be progressing nicely on budget and on time. What are your thoughts for a longer-term speculative buy. Apparently the major owners are looking for this to provide dividends -- at quite a high rate -- versus growth. Clearly we will not know until it is up and running if they can do that. Micheal Smedley just rated it as a buy. Thoughts?
Read Answer Asked by MARK on November 02, 2015
Q: Hello 5i, Would you please comment on large miss and the markets reaction. It would seem management is 'between a rock and a hard place'. What should a 2% holder do as am -30%?
Read Answer Asked by gordon on October 30, 2015
Q: Interested in your thoughts surrounding Palladium and what play would you recommend?
Thank you
Janice
Read Answer Asked by Janice on October 30, 2015
Q: Lakeshore seems to have a very nice 3rd quarter report today. What are your thoughts?
Read Answer Asked by Bradley on October 30, 2015
Q: I own a 1% position in new gold. Reported earnings. Should I continue to hold or should I sell and move to AEM. ( looks like Sean Boyd) is a better manager.
Read Answer Asked by blake on October 29, 2015
Q: with it's increase of production and lower cost why is this ice doing better is it the hold price dragging it down
Read Answer Asked by Pierre on October 29, 2015
Q: For those holding TCK.B and waiting for a recovery in commodity prices, do you feel the outlook for continuing to hold TCK.B improved when considering the 2015 Q3 report? They seem to be making good moves with debt reduction via the new revenues from the streaming agreements, and also focusing on cost cutting. Thanks.
Read Answer Asked by Robert on October 29, 2015
Q: What is your current opinion on the growth and utilization of this stock given its published figures?
Read Answer Asked by ANDREW on October 29, 2015
Q: Bought bto shares at 1.60$ it seems to lag behind other gold stocks on up days and lead the way on down days. What's the deal here?
Read Answer Asked by Mark on October 28, 2015
Q: I would like your opinion of Sandstorm.
What do you think of the Yamana streaming deal?
Read Answer Asked by John on October 28, 2015
Q: Glenn Chamandy is on the board and owns almost 5 million shares.Is this a good gold company option rather than the big caps. Mines are in Quebec also.
Read Answer Asked by blake on October 28, 2015
Q: Could I get your opinion on Ned Goodman rejoining the board of EXN. Plus the dewatering plan they are working on, do they have access to the 10 million needed for the dewatering plan. Do they have enough cash to keep going till the dewatering turns them around.
Read Answer Asked by Doug on October 26, 2015
Q: Good morning,
I just a few questions about how a company discloses drill results. Assuming they visually see something in the cores before they are sent to the lab, does the company have to disclose what they "think" they saw? This company sent in 173 samples for testing out of 1515 meters drilled. How big would a typical sample be? Last but not least, can a company disclose material news while they are trying to close a financing?
Appreciate your thoughts
Seamus
Read Answer Asked by Seamus on October 23, 2015
Q: not too sure if you can respond to this however - which of the
precious metal streaming companies would you recommend...
there appears to be a good possibility for a move in gold and silver and I believe the streaming companies might be a safer alternative to individual stocks.
ed in montreal
Read Answer Asked by edward on October 21, 2015