RE:Awesome updateDunno, from what I read they said even if Canola prices drop further they would still be making money on what they have. They have no significant pipeline for the foreseeable future to deploy their capital, aka lend out, so their best course of action now is standard NCIB open market buy backs and potentially Substantial Issuer Bid (things like a Dutch auction).
"The Board has concluded that options for cost effective scalable funding of the company's mortgage stream business are not competitively available in the marketplace at this time."
"The Board has directed management to concentrate efforts on the profitable operation of the existing book of mortgage, marketing and capital streams with the objective of maximizing book value per share and returning capital to shareholders by maximizing the use of the Company's Normal Course Issuer Bid program and exploring the use of a Substantial Issuer Bid in the near future."