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Bullboard - Stock Discussion Forum 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... see more

TSX:MND - Post Discussion

Mandalay Resources Corp. > Frustrated like many retail investors
View:
Post by hrgagogo on Jan 31, 2022 12:05pm

Frustrated like many retail investors

I have been a shareholder for 12 yrs. Bought at $1.10 initially. Averaged down since. Made big mistake when stock was over $2.00 and purchased on margin up to $3.60 and as it continued to go down until I was forced to sell 80 K shares below $2.00 as my average cost is $4.60. Now I hold 120K shares. Should have realized after all this time invested that stock would not correct and continue to increase in price. Now I wait wait patiently but cannot understand why these institutions keep price capped as their market makers control share price. Their cannot be many more retail investors left. Gandolf- When do you see the true price being realized. How much longer do us long term investors have to wait.
Comment by hrgagogo on Jan 31, 2022 5:29pm
I forgot when I got into this stock. See my history. It was in February 2013. 300K shares at $1.24 per share. I am still waiting patiently like I did with High River Gold before it was taken over by Nord Gold.
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