Buyback seems to be active (finally!)So yesterday we had an insider marker for 17k shares and today for 1,873 shares (https://www.tmxmoney.com/TMX/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=crg&x=23&y=18).
I didn't think too much of the 17k, it could have been Dundee or a director but 1,873 shares is exactly the daily limit on the buyback (https://web.tmxmoney.com/article.php?newsid=68977493&qm_symbol=CRG).
They can do one block a week and 1,873 a day. Its not a lot but its good signalling and its very accretive. For example if they can do the entire buyback at 50 cents a share it would be accretive by 6% and wouldn't even use 10% of their cash on hand.