Post by
SNAKEYBOY on Mar 06, 2023 11:09am
NCIB NEEDS TO BE MAXED OUT DOWN HERE
6.66-7.5% YIELD IN THE $8.XX RANGE which is about the cost of interest expense, if not higher. Furthermore it will increase NAV per unit very signficantly if maxed out.
With Sandpiper/Manji contiuning to accumulate and NCIB in 2023/224, the market cap of the non-instutitionally publically owned float will probably head towards ~300 million and could be taken out.
Comment by
SNAKEYBOY on Mar 06, 2023 11:17am
They're certainly getting a good price today....$8.57 LMAO
Comment by
CatchTheDip on Mar 06, 2023 11:21am
TSX delisting will beat up AX for a little bit.