Van there are people who see the glass as half full and some who see it as half empty. Either way, it's a positive. If you see this NCIB effort as a move to "stop the bleeding".... so be it. It's a still a move in the right direction. With some 10% of the float to be bought over the next year and a possibility that they buy in weekly blocks over and above their daily fill, we may see it climb as well. That's another positive.
What I do know for sure, and I agree with, is their take on our SP as stated by the company yesterday. In case you missed this part of the NR:
"The Board of Directors of the Corporation believes that the current market price of the Corporation's common shares does not properly reflect the underlying value of the Corporation, and that, accordingly, the purchase of its common shares is appropriate and in the best interests of the Corporation and its stakeholders. "
Does it sound like they want it to be finding a bottom and levelling out at .70 cents? Taking away 10% of the float will tighten it up nicely and flush out the last of the wafflers. IMHO