The share price is just returning to a semi reasonable level in my opinion. There was plenty of buying opportunities during march around and under 70cents, hope MHJ supporters topped up- I sure did :) To be fair anything under 80 cents is a gift :t_up:
The next trading update for Q3 will be interesting and perhaps word has gotten out that it is going to be a goodie, hence the recent 10% SP increase.
Market screener has 3 analysts saying $40m np this year. 10 cents EPS. Forward P/E of 7.5! We could get a big divvy later this year, 5 cents would be a huge jump from the last few years but given how much cash they will be making + the squeaky clean balance sheet it wouldn't be unreasonable. Would give a total dividend of 6.5cents including the interim.
We are heading to $1 per share which would get us almost to a 10 P/E. Enjoy the ride and GLTAH