Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. 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 Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).


TSX:MND - Post by User

Bullboard Posts
Comment by HonestAbeon Feb 19, 2013 1:59pm
205 Views
Post# 21011157

RE: RE: Strong Fundamentals

RE: RE: Strong Fundamentals

I actually like this relatively higher volume on Friday and today so far when the sp is drifting towards 1.05.  To me it appears like value investors or accumulators are patiently waiting for the best price during this period of weakness and then promptly buying up all of the shares and even pushing it back up a penny or two when it gets sold off too low.  I also agree that despite the near term weakness, the overall sp of MND compared to its sector peers has no where near the carnage suffered by others.

 

Right now I think it is a tug of war between negative macro's (i.e. declining silver price, higher USD) and positive micro's (i.e. company specific) between the sellers and the buyers.  I think in this case it will likely be a toss up and thus sideways price action but who really knows for sure.

Bullboard Posts