RE: Buyback approvedWhat is meant by this.... "Except pursuant to exceptions for block purchases"? Does this mean purchases not through the TSX / public?
With the daily limit put on of 8,248 shares daily, my math shows there would have to be some pretty large "block purchases" in order to reach the 4,846,288 shares allowed for buyback within one year. My math showed almost 20,000 shares a day needed to reach that amount in a year. 20,000 shares a day would have really got the SP moving quickly, 8,248 not as much.
Either way, it will be interesting to see how this affects the SP.