Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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

Mandalay Resources Corp.

Bullboard Posts

Comment by Sherry35on Nov 01, 2018 12:03pm

35 Views

Post# 28908470

RE:RE:RE:now a pessimistic post

Looking at a daily chart on GUY. It got hammered on July 12 and Oct 30th buy due to operational issues similar to MND. There was haulage truck/vehicle ramp up issue in July that effected the feed and unexpected variable grade in Oct that effected the gold production.

I personally feel the down drafting of the PPS is over dramatized by the market. Which begs the question about MND and GUY issuing a placement to appease insitutions holders with market values below book value.

Will MND and GUY execute a share placement to lesson the pain of instititional holders like azValor and GMT Capital? This would allow insitutions to average down on their current holdings.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario