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MDOR Magnum d'Or Resources Inc. featured news, full reports, and detailed charts

Magnum d'Or Resources Inc. (MDOR/MDOR.OB) Wrap Up:

Magnum d'Or Resources, Inc. focuses in operating in recycling and waste management sectors. It intends to develop facilities that produce rubber powders, thermoplastics, and thermoplastics elastomers. Magnum holds licensing rights to various patents that would allow rubber to be devulcanized, specialty blend EPDM powders, and EPDM compounds. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.
www.magnumresources.net
2 Employees
Founded in 1999

Magnum d'Or Resources Inc. (MDOR:OTC Bulletin Board Market)

LAST $1.23 USD
CHANGE TODAY +0.03 2.50%
VOLUME 339.3K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Magnum d'Or Resources Inc. (MDOR)

OPEN
$1.20
PREVIOUS CLOSE
$1.20
DAY HIGH
$1.24
DAY LOW
$1.20
52 WEEK HIGH
04/29/09 - $1.79
52 WEEK LOW
12/26/08 - $0.20
MARKET CAP
75.5M
AVERAGE VOLUME 3 mo
164.0K
DILUTED EPS TTM
--
SHARES OUTSTANDING
61.4M
MDOR Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

MDOR Top Compensated Officers

Mr. Joseph J. Glusic BSME
Chairman, Chief Executive Officer, President,...
Age: 51
Total Annual Compensation: $110.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Magnum d'Or Resources Inc. (MDOR)

Magnum d'Or Resources Produces Motorcycle Tires Utilizing in Excess of 20% Magnum SRI Custom Compound

Magnum d'Or Resources Inc. announced that as part of its ongoing development work on improving the range of applicability of Magnum SRI custom compounds, the company recently produced motorcycle tires utilizing in excess of 20% Magnum SRI custom compound consisting of at least 16% recycled material. These particular tires were designed for 70cc to 110cc motorcycles. All indications have been very positive regarding the test results of the final product. This development in itself is monumental, unfortunately it has been somewhat overshadowed by the production of the Light Truck tire that was recently announced. The test protocol consists of installed tires on rear axles of several motorcycles which are operating under company dispatch and general transit parameters. These actual in-use conditions generally provide substantial data due to the vast distances travelled over short periods of time at the levels required. The data generated during these trials are invaluable and will be reviewed and analysed thoroughly to provide information used to improve the performance and range of applications of the Magnum SRI custom compound. It may also be noted that the independently validated results by the RRI's Tire lab makes this data official and credible for users and other interested parties. This makes this achievement a major milestone as it is completed.

Magnum SRI Custom Compound Tire Equipped Truck Commences Validation Testing At the Malaysian Rubber Research Institute

Magnum d'Or Resources Inc. announced the Magnum SRI custom compound light truck tires were installed onto the pre-specified truck and driven to the Rubber Research Institute of the Malaysian Rubber Board's Tire Lab (RRI) where the 'On Road' validation and testing of the tires will be carried out as per their protocol. No standard protocol currently exists to specifically deal with Magnum SRI Tires. At 14% recycled content, this is nearly 6 fold what exists todays in terms of surface treated crumb in tires, whether truck or automotive. The performance specifications achieved thus far by the Magnum SRI custom compound tires clearly equal the original control specimen and is being treated as an OEM tire and tested with the same procedure(s). The two Magnum SRI Tires and two control tires were thoroughly marked and measured prior to the truck being driven off on its maiden 800km round trip journey. The trip will include travel north to collect the latest production of Magnum SRI custom tires for further testing. The truck is equipped with a black box packed with monitoring hardware and tracking systems to check all aspects of the vehicles operating conditions to be included as part of the evaluation. This will prove to be the crown jewel of the Magnum SRI venture by documenting the results showing that the performance exceeds all expectations, and byre-writing the rules about what can and cannot be done in the recycling industry.

Magnum d'Or Resources Inc. Announces On-Road Trials of 'Malaysia Rubber Research Institute' Facility in Sungai Buloh

Magnum d'Or Resources Inc. announced On-Road Trials with the World Renowned 'Malaysia Rubber Research Institute' facility in Sungai Buloh. Having successfully produced light truck tires using Magnum/SRI Revolutionary custom compound as a 20% component in the production compound, the resultant manufactured tires were submitted to the Rubber Research Institute's, Malaysian Rubber Board, Tire Lab for testing along with the original tires. The preliminary tests including abrasion resistance were passed with flying colors achieving results within the pre-specified parameters and near identical to the original tires. The tires are also being tested for performance in actual Road Performance performed by the Rubber Research Institute (RRI) Tire Lab where Light Truck (3Metric Tone cap) is installed with both original control tires along with the Magnum/SRI tires.

otc, otcbb, pinksheet, MDOR, ob Magnum d'Or Resources Inc.

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Industry Analysis

Valuation MDOR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 957.0x
Price/Book 66.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1,042.2x

MDOR

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More Recent News About Magnum d'Or Resources Inc.

More news for MDOR

Company Explains What Is so Significant About Magnum and the Magnum SRI Technology

HUDSON, Colo., Nov. 17 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News), a next generation rubber solutions company, releases key information. Magnum is the only tire recycling company that is able to cost effectively recycle scrap tires into a technically viable raw material compounds that can be added into the most challenging and value added applications. Until now recycling rubber meant converting scrap tires into fine dust to be used as cheapening filler, production of low-grade processing aids, putting it on to the roads, burning it for fuel, all of which are very low value applications and consequently no volume implications relative to the potential production volumes. For the first time there is a technology that allows the conversion of vulcanized tire scrap into rubber compound (de-vulcanized) that may be used in fairly substantial volumes and proportions in value added applications.For the first time the addition of recycled content above a couple of percent in such applications as tires does not lead to catastrophic failure. In fact the tires have been tested independently and have been found to be equal to their virgin rubber counterparts in terms of all technical and performance parameters. While being a highly innovative technology is nice and impressive, what is of real significance here is that this innovation is able to provide this global recycling solution while at the same time provide for substantial savings in raw material costs to potential manufacturers o...
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