Silvercorp Announces Another Share Buy-Back
Today Silvercorp Metals announced that it wanted to acquire up to 8.4 million shares. So, once again, the company is announcing a share buy-back program.
To remind my readers, Silvercorp announced three such programs: in 2014, 2015 and now. The first two programs were very ambitious - the company wanted to repurchase around 16 million shares but until March 31, 2016 Silvercorp repurchased a mere 4.0 million shares. Since that time no single share was bought back.
Now they want to purchase "only" 8.4 million shares but...will they do it?
Disclaimer: This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for ...
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