RE:RE:Over two months later.....pennydredful wrote: Once an NCIB is announced and approved by the TSX , THERE IS NO OBLIGATION FOR THE COMPANY TO BUY A SINGLE SHARE over the duration of the period the NCIB can be executed. The non execution so far could be due to recent board and executive changes and/or the buy price where they wish to execute is lower than current market and/or it does not have much priority at this time and/or the company is in possesion of what could be considered " material insider information" not yet disclosed so buying while this INFO is pending would have a "bad look" to say the least.
Yes it's primarily the lack of detail that makes me think they didn't apply. I've never seen an announcement that doesn't at least mention the number of shares that can be purchased and the exact dates during which the bid would be active.
But all mysteries should be revealed with earnings in the coming weeks.