Mandalay Resources Corp. T.MND

What's up with the price?

[Lowcapmocap]

The stocks practically doubled from the lows with huge buying in the recent days. Doesn't seem related to gold price so what's up?

[Nick2021]

Heck if I know -- a number of silver companies have been doing the same thing, so it's possible that someone big has decided to get in on the junior miners in the precious metal sector.  Nothing I know about the company would indicate why this is happening. I think it's the first time I've owned MND that tax loss selling season hasn't been a downdraft . . .  I'll be

[Sherry35]

I for one am gob smacked. I do have a big smile on my face. BNN reported increase in foreign investors buying into the Canada markets. The move in the SP may indicate potential increase in Au production through inorganic growth (acquistions) or the hiring of a rain maker CEO. So, combine the two possibilities could mean major growth ahead. Toss in $2000 US ounce Au, we could have some major lift

[SilentRiver]

Yes, gob smacked and happy feet. I'm doing the happy dance. I'm confused though. Trading closed at 4pm and Mnd was at $3.41. At  4:10pm thousands of shares were traded. Anonymous #1 buying and those trades were all for $3.50. Mandalay doesn't  have after hours trading though, do they? Also on the website CEO.CA for a couple minutes around that time it showed mnd as halted

[Sherry35]

Very interesting observations. I have seen infrequent after close trades on MND in the past. Again, very infrequent over the past few years. I suspect news may be pending for next week tough there has been no PR from MND or the TSX/IROC. With MND undervalued for 2 years since the Dom team reinvented the mines, we are due for a major lift off.

[Sherry35]

This may explain the after close trades as I quote from the TSX Web site: Market on Close (MOC®)       The MOC® facility was introduced to TSX in 2004, initially only for the constituents of the S&P/TSX Composite Index. The facility was further extended to TSXV in 2012 to aid in portfolio and index rebalancing activities for recent TSX