Post by
Possibleidiot01 on Feb 23, 2021 9:21pm
three things
"On March 5, 2020 , 5N Plus announced that the Toronto Stock Exchange had approved its normal course issuer bid ("NCIB"). Under the NCIB, 5N Plus has the right to purchase for cancellation, from March 9, 2020 to March 8, 2021 , a maximum of 2,000,000 common shares. From March 9, 2020 to December 31, 2020 , 5N Plus purchased and cancelled 1,750,428 of the Company's common shares."
Just under 250,000 shares to go on the buyback which ends next month. Renewal?
"In support of the former, the Company has begun to consider M&A opportunities to augment and expedite its growth, specifically in the field of advanced materials. To address the latter, 5N Plus has launched a strategic review of certain legacy businesses to assess their long-term compatibility with the Company's transformation focus. The aim of this review is to identify the best option for the future of these businesses. To that end, nearly all non-recurring charges taken by the Company during the year relate to the preparation of these businesses for their future options."
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Net debt 1 stood at $10.2 million as of December 31, 2020 , a decrease of $24.9 million compared to December 31, 2019."
Comment by
prophetoffacts on Feb 23, 2021 9:31pm
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