Don't look a gift horse in the mouthMND is trading at 4 year lows while it's on course to have one of it's best years ever. At c$1.50 it would need to rally 70% to trade at 1x it's 2023 revenue (2024 revenue on track to be 10s of millions of dollars higher) which is absolutely nuts considering the net cash position and 35% margins. And now considering M&A is a core part of it's strategy, of a company came bought Mandalay tomorrow I wouldn't see it selling for less than half a billion dollars considering the macro environment (meaning a near instant 4x on current prices)
Further more of you are paying attention the gold bull market is alive and well with spot gold breaking $2200 today ($300 over MND's 2024 FY guidance) so at this point earnings should also be forward looking.
If for some reason you haven't bit the bullet then now is the time to do so. Current prices are a steal, sub $2 canadian is a no brainer as it should easily be double current prices.
Buy before some real money starts bidding up this thin market. Don't be the guy who'll get intimidated to buy the stock when the inevitable double digit daily gains start happening. These low prices are a gift if you like easy arbitrage opportunitys. As they say .....
Don't look a gift gift horse in the mouth!