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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 Nick2021on Jun 16, 2023 4:26pm
221 Views
Post# 35500963

what a joke

what a jokeBoy, the market is sure making it clear what it thinks of this company . . .  in two weeks the hedge comes off and MND's revenue 'should' increase by more than $15,000,000.  It sure looks like everyone's fighting to own a little bit of that!

Here's the thing -- choosing a stock buyback over a dividend was a catastrophic choice.  The stock is already thinly traded; what's the point of reducing the float?  MND needs to make people want to hold it.  It could have paid a killer dividend with a fraction of the increased revenue alone.  
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