RE:RE:RE:Tim Melton Share Accumulation & Other ThoughtsLast year is the first time Melcor made significant use of the NCIB. I hope it is a harbinger of aggressive repurchases in the coming years, but I would not count on it. Most years in the past, new share issuance (via employee options) has exceeded the number of shares repurchased.
I will be watching - like a shithawk - later this year when the NCIB becomes available once again. I am afraid the share price may suddenly pop into the twenties before the new window opens. This is why a SIB undertaken right now is such an excellent idea: it allows us to take full advantage of the absurdly low share price.