Post by malx1on Oct 02, 2025 3:11pm
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Post# 36736156
Hanging around the $11s while Kasking amasses poker chips...
Hanging around the $11s while Kasking amasses poker chips...Reason why share price has dipped under $12 is that GH is not making their daily share purchases under NCIB.
We have yet to figure out why, but time will solve that riddle for us eventually.
NCIB's are not designed to "increase" the value of shares, in fact, the rules state the bids must be equal to or less than next highest bid for shares. So an NCIB is designed to passively accumulate shares in a manner that does not disrupt daily ebb and flow of trading/dealing.
However, without the daily mopping up of GH shares, there is less support for GH's shares at various price points along the way. When we remove GH's regular bids, we see others only willing to pay mid-$11's to high-$11's.
I forget the dollar amounts saved by suspending NCIB but we could ballpark it around $400k-$500k monthly. Say the business tucks aside $1.2mm over three months leading into November.... what may they be doing with that chunk of cheese?
While I'd guess paying for the Chrome Bison, everyone else is reasonable enough to suggest dividend adjustment... Maybe everyone else is right. Hard to say. One guy here knows but he won't say a peep.
That's ok, this is all informal GH chatter. The expected accuracy of a barrel of monkeys...
Save your tears for the poker table when Kasking is in town; that's all you'll have left at the end of the event!