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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

Comment by Nick2021on Dec 18, 2022 9:30am
203 Views
Post# 35178293

RE:I'ts interesting

RE:I'ts interesting One of the weird things about MND is that although the stock sucks and is far, far, far too low than it should be, most people who own it don't want to sell it and it is really thinly traded.  It went down on very low volume, trades of just a few thousand shares knocking millions off the market cap, and it went up really fast once there was just (at least) a single entity determined to buy.  SIlJ can't account for the entire volume on the way up, and the daily volume on the way up has been well more than twice the normal volume.  

These last few weeks have shown what the stock can do with even minimal interest; and over the next 6 months, there are a lot more reasons to be interested in the stock than to be looking for a way out.  I don't think we've seen the last of this move, though it might have peaked for a bit, nothing goes up forever.  At the very least, MND won't be an easy tax loss sell for once.  
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