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Silvercorp Metals Inc. Message Board

  • asianvest asianvest Nov 2, 2013 10:18 AM Flag

    Buy-back plan: 39 Weeks, 33% price decline, ZERO shares repurchased

    RESULTS OF THE STOCK REPURCHASE PROGRAM: -33%

    Silvercorp's 8,500,000 share repurchase program (NCIB) runs Feb 1, 2013 to Jan 31, 2014 and permits the company to repurchase up to 55,693 shares/day (with exceptions).

    Weeks since inception: 39
    Weeks remaining: 13

    Open price on Feb 1, 2013: $4.43
    Last close on November 1, 2013: $2.94
    Decline to date: 33%

    Shares repurchased to date: ZERO
    Insider shares purchased to date: 30k
    Insider shares sold to date: 25,899

    Insider option grants awarded concurrently: 963,000

    (For those of you paying attention, during the 39 weeks of the "repurchase plan" while no shares were repurchased, almost a million new options were granted to insiders as a reward for their fine work on behalf of the shareholders. But not to worry, it's three-quarters over!)

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