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. > I'ts interesting

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Comment by Sherry35on Dec 21, 2022 12:56pm

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Post# 35185021

RE:RE:RE:RE:RE:RE:I'ts interesting

Based on 6 months of trade data, I believe the BOT trader trades in a 20 cents range. If someone pokes the SP up or down, the BOT trader continues to trade in that range. The BOT trader has been programmed to ignore the POG as you tell from today's POG moving above $1800.

If the CE Mining, which the chairman is a member of, wants to make money, they should correct the behaviour of the BOT trader and get SP at $7.00 US equivalent based on a 30 cents on the dollar buyout using proven 1.4M Oz of Au eq. in the ground. This company has done everything right in restoring it to profitability but the SP doesn't reflect that hard work. I for one would be PIZZED!

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