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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 17, 2024 6:25pm

Forget $6

A new Asic estimate nearly touching $2k? Even with the antimony breakout this stock will do poorly (remember it's a gold mining company first). Unless gold makes an incrediblly explosive move higher $6 isn't happening. The large cash position should create a floor but honestly the forward guidance is suggesting this stock will underperform majorly. Maybe some fomo sb buying will carry this stock higher but that's a gamble on speculation and not fundamentals
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