NCIB to commence on March 14th...BDI has received approval to renew its NCIB... share buyback will commence on March 14th. The plan is to buy up to 4.3M shares, representing 10% of its public float and about 7% of its outstanding shares.
Not sure how many shares they will actually buy... last buyback they were allowed 4.21M shares but only purchased 69,260 at at an average price of $3.61. In any case, this should give a boost to the current share price.