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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 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 Sherry35on Dec 09, 2018 9:49pm
62 Views
Post# 29089938

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:30 cent's it is next 6 months

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:30 cent's it is next 6 monthsTwo comments to your very articulated post on inside buying.

1) Unlike azValor being "less close to the operations." Jonker is "close to the operations". Given Jonker is "Lead Independent Director" and "Member of Audit Committee" (as per MND Web site), he has a fidicary duty to the compan6y and share holders in mkaing sure the company is be operated in profitable and ethical manner. He should be kicking the tires on Duffy's forth coming business plan and monitoring operating costs

2) Ted Dixon, president of INK Research, indicated CFOs are the best insiders to watch with regards to acquistions dispositions of company stock. Bean counters are very conservative in spending their own money. This would apply to Mr. Jonkers.

To conclude, I believe you've under estimated Jonker's involvement (closeness) to the MND's business dealings. I do agree with you that the $56K out lay is small. Jonker's did step up "his skin in the game".

I STILL WANT TO SEE MORE INSIDER BUYING OUT OF THE PUBLIC MARKET, or PP with no warrants, executed by insiders at MND
Bullboard Posts