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Bullboard - Stock Discussion Forum 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... see more

TSX:MND - Post Discussion

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Post by Lowcapmocap on Dec 04, 2024 1:43pm

$6

This can easily run to $6 dollars now it's broken out. Bad decisions by management will easily be mitigated by the antimony price action. Gold income seems stable at these higher prices so as long as operations continue unhindered MND will chug higher. I wonder how much cash they'll pile until they realize putting cash to work is important. They already said they're not interested in returning cash to shareholders so let's see what they'll do (besides attempting a "merger of equals")
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