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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 Sep 17, 2019 10:01pm
98 Views
Post# 30138271

RE:RE:Costerfield Sale

RE:RE:Costerfield Sale Two things to add. The first being that the gold producer juniors are lagging the majors. Some of the institutions are looking for those juniors that will increase production as gold moves north.I read this in a article a few weeks ago.

Secondly, the fund with the largest ownership of MND shares is CE Mining. The CE Mining fund is controlled by Philian Capital. MND BOD chairman Brad Mills "is the Founder and Managing Director of Plinian Capital". This fund stepped in just before the decloaking of the two deep holes drilled at Costerfield. They had solid insight to the Au in those deep holes.

Plinian Capital Web Site

MND is either a CROC or crock of poop. My money is on the former given the top 5 own 70% of the MND shares. If you nose around on other sites like WSJ, there are more instiutions/funds holding MND shares. I discussed this with Greg and we concluded that 80% of the shres are owned by insitutions.

To conclude, I'm expereincing the same impatience as other posters in the SP moving north so I can make a profit.
Bullboard Posts