RE:RE:NCIB: Gotta do Something with the Cash !I gather that the buy back program starts Dec 12, 2022 although it already seems to have had an effect on the share price- up a couple of bucks yesterday.
Clearly, given the company's incredibly conservative cash management to date we can reast assured that they are not going to go crazy buying back shares at inflated prices, but allowing shares to trade at unreasonable discounts does promote the risk of unseemly takeover attempts.
Also, since the NCIB process is being managed by Raymond, James , I would like to understand what the company can or must divulge to Raymond, James about future prospects ?
When RJ makes an NCIB purchase, do they have to announce it
to the market ?
Given the current program makes allowance for up to 62.5 thousand shares, 5 % of the outstanding shares, it will be interesting to see how many shares the company can acquire before reaching the point at which it no longer prepared to buy.....or, if they get inundated with offerings at anything close to current market range, $26-33.00.
In any case, very happy to see management and the Board
working in this proactive way .