Instead of NOT spending drilling money buying shares back, isn't getting listed on the TSE (as opposed to the Venture) the easiest way for NOT to boost the SP and to help its shareholders avoid margin calls?
I have a Royal Bank Action Direct account and they won't let me buy NOT as a Venture stock on margin. I assume that once NOT is on the TSE that I can buy it on margin. I assume that other broker have similar benchmarks.
I think that securities law and regulations prevent NOT from stating publicly or in a NR that it is pursuing a move from Venture to TSE. I suspect that NOT is working hard to make that happen. I hope that the NR that NOT's application for a TSE listing has been conditionally approved comes soon. But the actual listing date might not be quick enough to avoid margin calls based on a Venture listing.