RE:RE:2024 BTE has 450 Mill Shares, Not Debt, What's the Dividend?
JD, since you like correcting posters I think you need a lesson in NCIB procedures. FYI, a company that has NCIB approval is only allowed to repurchase 10% of their float, which means that they can only buy 55 million shares approximately in one calendar year if I'm not mistaken. You should private message BSW to confirm this. They will never buy back more than 100-200 million shares which could take 2-4 years depending on the SP and there's no guarantee that it will take place. They may choose to make an acquisition instead of share buy-backs with cash on hand without diluting with more shares & increase production as they see what's best.