USA - $$$ Millions in Cash- Issuer BidUS Silver now needs to deploy its cash reserves (about $35 million) to enhance and increase shareholder value.
One way is to engage in a Normal Course Issuer Bid ---
What Does Normal-Course Issuer Bid-NCIB Mean?
The action of a company buying back its own outstanding shares from the markets so it can cancel them.
Read more: https://www.investopedia.com/terms/n/ncib.asp#ixzz1ZdD38as6
For Us Silver:
Shares trading at
.51 cdn.
This would represent an effective use of its funds and would be in the best interests of the Corporation and its shareholders.
And that the market price of its Common Shares does not properly reflect the underlying value of the Company.The purpose of the bid is to reduce dilution of the Company's shares and to enhance the potential future value of the Common Shares which remain outstanding, thus increasing long term shareholder value.
Of course this is just
one way to use
part of our cash holdings....It is good that
we do have this option and other possibilities to deploy our cash.
Go US Silver!
GLTA