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?