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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

Post by hrgagogoon Jan 31, 2022 12:05pm
259 Views
Post# 34379047

Frustrated like many retail investors

Frustrated like many retail investors I have been a shareholder for 12 yrs. Bought at $1.10 initially. Averaged down since. Made big mistake when stock was over $2.00 and purchased on margin up to $3.60 and as it continued to go down until I was forced to sell 80 K shares below $2.00 as my average cost is $4.60. Now I hold 120K shares. Should have realized after all this time invested that stock would not correct and continue to increase in price. Now I wait wait patiently but cannot understand why these institutions keep price capped as their market makers control share price. Their cannot be many more retail investors left. Gandolf- When do you see the true price being realized. How much longer do us long term investors have to wait.
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