RE:RE:RE:RE:RE:Tomorrow, January 14, PYR might start buying 83000 shares...I believe they are purchased on the open market....
The other benefits here, aside from reducing available shares and having an inflationary effect on the share price, is that an NCIB allows the company to capitalize on short-selling by purchasing undervalued shares when short attacks occur. The other benefit that I see, is that there is a possible MASSIVE influx of cash coming, with no place to go, so that is a very good use of it is to buy back shares, as opposed to being wasted or pushed into a taxed dividend.
NCIB YAY
Cheers!
Stubbyinsider wrote: Do they buy these back on the open Market ?
ScienceFirst wrote:
Important: An NCIB is launched when a company's executives believe its stock is undervalued in the market.
As with any stock repurchase program, a company undertakes an NCIB because its executives believe that the company's publicly traded stock shares are undervalued. By taking back shares, they are reducing the numbers available on the market. Their own buying activity reduces supply and raises demand, leading the price higher.