Bullboard - Stock Discussion Forum 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... see more

TSX:MND - Post Discussion

Mandalay Resources Corp. > Here we go again ...

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Post by Sherry35 on Mar 18, 2024 11:58am

Here we go again ...

SP heading south. $60M US cash flow, organic growth to the center of the earth, excellent grades - yet the SP can't match POG.We should be trading around $6.00 US per share given the reserve and 30 cents on the dollar buyout.

Upside, the 2024 exploration budget ceiling is double the avergae $7.5M US average. Great CEO at the helm.

Please give me access to the BOT trader code. I'll fix the SP.

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Comment by mrmazikden on Mar 18, 2024 11:31pm

This post has been removed in accordance with Community Policy

Comment by Lowcapmocap on Mar 19, 2024 11:53am

It didn't take much volume to push the price down due to the lack of liquidity (it was barely a few thousand dollars) so the sell off is not as bad as it looks. Honestly for anyone with extra cash on the sideline this is a great buying opportunity before some serious money actually starts bidding up prices to the sky . It'd be nice if MND bought back shares more aggressively at these ...more

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Mandalay Resources Corp.