RE:180,927 shares cancelled in Marchcpeczek wrote: Another big month. 180,927 with the addition of the 190 cancelled in February means that over 2 months they cancelled about 1.5% the float from January. Several big buys were recorded this month and most shares were bought around $8.
Thank you Cpeczek!
380k shares @ $8 = Cost = $3.04mm
380k shares @ $12 = Value = $4.56mm
NCIB value capture = difference = 4.56 - 3.04 = $1.52mm
When you're at the AGM, you can thank the BOD for "investing" in GH shares. Past two months of buying has captured $1.52mm for shareholders. This was exceptional use of capital. Builds value for all shareholders equally.
Similarly, If your house was worth $750k and your neighbour, who has the exact same house, said they are concerned about the economy and they are willing to sell you their house for $500k; would you offer to buy it knowing the real value is $750k?
Rational decision making.
GH gets it.
Smart.