Well..let's think of some answers to that together..ready??
First...buybacks take cash from cash flow or cash reserves..and it could be if you have silver/gold reserves then spending it on developing those reserves might be a higher priority...
Second...this may come as a shocker..but most stock buybacks in the current market are financed out of debt..largely to make per share earnings look better than they would ordinarily be. Could be that miners already have enough debt to deal with and would rather rely on rising precious metals prices to carry shares forward..than pumping earning per artificially...
Hope that wasn't to much for you..take a nap if you must.
This is a quiet Board...that's good. here are any number of village idiots who either pump or bash messaging..
Falcon has two interesting things that make it a very interesting speculative investment..
1. It has had a complete washout from near $7 to $.09+ and is still in business and has built its asset base..that alone is incredible..
2. It has completed 5 waves down and has been carefully and solidly building a base to move off of. I've set out a share purchase plan at this level and for a very modest $2800 have gathered up 26K shares..that's a position worth sitting on and waiting..Will oil get hit again? I am positive it has another leg down....What has been the effect on Falco of the latest oil bashing??? Zero.
The price movement the past year is irrelevant...it's been minimal and has NOTHING to do with the change of direction..except as a base. Whether HL moved 40 cents or 1 cent last year means little or nothing to what the chart says NOW. Catch a clue...
The price movement is irrelevant..HL has outperformed SLV in the past year by a wide margin and IF silver is in a countertrend move..and it IS..then HL is a very solid bet to outperform. HL is anything but a hold. We just had a correction and the next upside move for HL is past 3.50 and then it makes a run at 3.75 before this rally gives it up.