Mandalay Resources x Alkane Merger: The GDXJ Gamble

Last week we saw three straight days of M&A announcements within the mining sector, and this week appears to be off to a similar start.

On Sunday evening, Mandalay Resources (TSX: MND) announced that it would be partaking in a merger with that of the ASX-listed Alkane Resources, starting off a second straight week of M&A activity within the gold space.

But unlike some of the transactions announced last week, this one doesn’t sound all that enticing for shareholders.

Let’s dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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