Post by
Malpeque2 on Sep 30, 2022 3:02pm
Pretty Good Volume Today
Do you think it was the company buying back shares for the shareholders account, or just RAI buying for himself?
Comment by
NotDrake on Sep 30, 2022 6:31pm
I think the company is only able to buy 1,000 shares per day under the NCIB? Maybe somebody is seeing a turning point here in the trend? This has gotta be like a beach ball held under water at this point.
Comment by
WizardFuture on Oct 01, 2022 1:39am
77000 stocks is really a lot with this float considering the major shareholder.
Comment by
Malpeque2 on Oct 03, 2022 11:39am
TSX rules on buybacks allow for Block trades of 10,000 shares or more. I do not know the details of the number of block trades allowed per month or quarter, but their is provision for it. Would be interesting to know if the company got that block or it went to Rai, or someone else.
Comment by
WizardFuture on Oct 03, 2022 12:53pm
Oh I did not know the block trades. Great point. And Indeed, it is Morguard that bought the shares, 73866 to be exact. https://www.canadianinsider.com/node/7?menu_tickersearch=MRC+%7C+Morguard
Comment by
Malpeque2 on Oct 03, 2022 2:23pm
Thanks Rai. Let's keep going!! Accreative to NAV for you and for me.