RE:RE:RE:RE:Still too many crazies out there Prudent for them to hold cash on the balance sheet. It was mentioned that prospective customers like to see a solid balance sheet with cash before making large or LT contractual commitments.
Nevertheless as they are about to be infused with more cash from their partner AND return to profitability, I expect that some more cash will be allocated to NCIB in late 23 and 24 ( vs prior year)
This will help to put a floor under the SP once organized by the new broker.
Also we are in the thick of tax loss selling season. A very real pressure on the stock from retail holders, no matter how much they like the LT story. Those that do like it will start buying back, usually late Dec and January ( 30 day rule)
I also view the next month as a great accumulation period for those that have patience. As Buffet says
The stock market is a device for transferring money from the impatient to the patient