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. > An actual article about Mandalay . . .

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Comment by Sherry35on Apr 19, 2022 4:02pm

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Post# 34614343

RE:RE:RE:An actual article about Mandalay . . .

The didvidend still benefits the insitutions given their 100% ownership of the O/S. I to wonder about the hold and exit strategies of the instiutional investors. I suspect the smaller institutions will sell all or portions of their psoitions to larger instiutions should MND increase the size of the company through acquisition. Some of the MND insiders are members of CE Mining institution which holds a YUGE portion of the O/S.

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