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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

Post by miscstuffon Jan 21, 2023 3:52pm
410 Views
Post# 35237650

Please Explain Their Math on this one.

Please Explain Their Math on this one.They may purchase up to 4,622,825 shares in the year.  (impressive number, great headline)

But they can purchase no more than 6,723 daily ,  (2.453,895 in 365 days ????)

                                        "                                 , (only 1,714,365 if can only buy on trading days)

Looks like a bit on smoke and mirrors.
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