December 9, 2024 update from Zoom callPLAN has an approved NCIB in place that has 2 million shares still remaining for purchase at under the current NBV per share of $0.12.
8.3 million warrants with a strike price of $0.35 are set to expire unexercised in March 2025 as it is unlikely that the PLAN share price will recover to above $0.35 in the next 3 months. In addition there are 2,020,000 stock options with strike prices from $0.275 to $0.40 that will expire in early 2025. That nicely removes an over 10 million common share potential dilution, and a further 2 million decrease in the issued and outstanding float.
Absent another redundant/underperforming asset sale to add to an already positive cash flow, we are likely in a wait until Q3 results for confirmation of continuing in underlying operational performance.
Given this situation, I would suggest that the PLAN share price will likely trade in the $0.12 to $0.20 range until further news is released.