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).

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Mandalay Resources Corp.

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Comment by Thales42on Jun 16, 2020 4:47pm

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Post# 31157445

RE:RE:RE:RE:What gives with the share price?

Sherry36, thanks for taking the time and effort to respond to my post. Also went back to the terms of the restructured loan agreement and indeed it does not look like the company will impose its way with early loan prepayment (even though the agreement provides for this option).

I have no idea why MND share price is tanking, but a lot of my other miners are experiencing the same sort of soft landing and the share weakness may have to do with the lack of clarity as to the future gold price direction.

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