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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

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Post by coffeewiz on Jun 03, 2024 12:43pm

results

i have been in longer than nick and still believe this stock can go higher.  gold has been well above 2300 for the whole quarter to date. it is all up to production to meet the the 25000 oz threshold to give this company another huge boost in cash and another upward leg in valuation. the hedging turned out to be bad timing but you can hardly blame mgt. for being a little causus given the company's near death experience a couple of years ago. however the board of directors has a responsibility to all shareholders to keep a tight reign on any foolish notions that this company has the resources  or expertise to indulge in any ill considered merger and aquistion activities
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