Post by
Dibah420 on Jan 16, 2024 8:59am
Some clarification...
Under the previous NCIB, the Company received approval to purchase up to 27,847,033 Common Shares through TSX and alternative Canadian Trading systems, however, zero purchases were made.
Comment by
Fyreguy67 on Jan 16, 2024 9:39am
Agreed, no purchases were made. However if the purchases weren't made due to debt repayment then that's a different story. I'd rather debt be paid down than shares be repurchased at this point. Interest payments are a killer on all levels. Let's see what the filed numbers are at the end of February. GLTA. CHEERS
Comment by
Bennys65 on Jan 16, 2024 10:13am
In the third quarter CC steve said that share buybacks would start after fourth quarter release,end of feb.Nice to see they are not going to wait and will take advantage of the low share price to start buying.
Comment by
Dibah420 on Jan 16, 2024 10:29am
Yes, that is great news that they won't wait for Q4 release to start the ncib purchase/cancellations. Especially since they have been taking advantage of the low price by adding merrily to their personal accounts. It should provide a floor @ $3 or thereabouts for 2024. We hope.
Comment by
Bennys65 on Jan 16, 2024 11:23am
Agreed some good size with insiders buying in the last month.
Comment by
Dibah420 on Jan 16, 2024 10:20am
Absolutely. However, I'd have appreciated a similar clarity in the 2023 Exit Debt figure. From the info provided it could be anywhere between $900,000,001 to $1,999,999,999. Now we wait. Till February. Or another Lunch & Learn.
Comment by
vwbusman on Jan 17, 2024 9:02am
Go to the website and look at investor presentation - exit net debt is $1,128,000,000
Comment by
vwbusman on Jan 17, 2024 9:04am
Correction - that was for Q3 - for end of 2023 they just said - less than $1 billion