NCIBRJ just crossed a 25,000 shares block.I would bet anybody that this was IFP.
As per my calculation, they should finish the 10% NCIB by tomorrow or early next week
at the latest.
Once this NCIB is completed,they can't start a new one before Nov.10th(As per the TSX rules)
but they can do a SIB.
If lumber prices were to remain in the $700 to $900, what would management do with all this
excess cash.
Will it be a SIB, another special dividend or will they do another acquisition.
They did say that they will never over pay for acquisitions and so far the last 3 have been done
at very low price.
As a long term investor, my preference would be for a SIB.
It will be interesting to hear what they have to say on May 11th