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Mandalay Resources ( (TSE:MND) ) has shared an announcement.
Mandalay Resources Corporation has announced the mailing of a management information circular for a special meeting of shareholders to approve a plan of arrangement. This arrangement involves Alkane Resources Limited acquiring all issued and outstanding common shares of Mandalay. The board of directors has unanimously recommended the arrangement, considering it in the best interests of the company and fair to shareholders. The arrangement is anticipated to be completed on August 5, 2025, pending necessary approvals.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.
Spark’s Take on TSE:MND Stock
According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.
Mandalay Resources exhibits strong financial performance and attractive valuation, bolstered by strategic corporate events such as its merger with Alkane Resources. However, weak technical indicators indicate potential short-term challenges. The overall score reflects a balanced view of strong fundamentals and strategic growth opportunities against current market headwinds.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden. The company focuses on growing its production and reducing costs to generate significant positive cash flow while maintaining a commitment to safety, environmental responsibility, and community engagement.
Average Trading Volume: 151,293
Technical Sentiment Signal: Buy
Current Market Cap: C$436.4M
Find detailed analytics on MND stock on TipRanks’ Stock Analysis page.