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Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Comment by Nick2021on Nov 20, 2022 10:21am
179 Views
Post# 35113647

RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock price down again ...

RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock price down again ...Sure, but . . . 

- it's tax loss season, and there is a lot of tax loss harvesting to be had in the gold sector

- Bjorkdal is always about to double its grade or something, but every quarter, production still sucks; they didn't meet guidance there last year, and they're not going to meet guidance there this year, and both this year and last year they increased guidance beforehand -- MND doesn't know what is going on at that mine.  Until they say that they're increasing grade there, and then actually increase grade for a full 4 quarters, I would assume that Bjorkdal is going to continue doing exactly what it is doing now.

- I agree MND should be way higher . . .  but arguing a company's stock is undervalued by 1000% is a tough lift.  The market tends to be right more often than individual investors.  

But in general, I agree; get through tax loss season, get rid of the debt, get rid of the monthly payments, get rid of the crippling hedge, and we'll see what happens.  
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