RE:Doing due dilligence So I'm just starting to take an interest in this company and looking tough some older quarterly trying to find more about risks and what makes the company fall more than what pushes it upwards. As it seems just solid production at good costs is what will push the value upwards, something that seems like a struggle at the moment.
I noticed just before the Pandemic went global they made a release about buying back shares, at the time it was estimated that the buy back was expected to be about 10% of the company's shares then the price dropped 49% in less than a week. Did that buy back go forward? And if it did, I would estimate they bought shares at the reduced price to that new math would be about 18-20% of the shares. Does any follower know the results on that?
The Mine life of Yauricocha seems like projected 13-14 years, Bolivar seems like 22 years, Cusi seems like 14 years, plus several non connected properties in both countries yet to be explored/drilled for estimates. Does that sound about right?
I can really see this start to plateau and go upwards again on positive forward looking news, but the question is how far lower will it go? Seems like $1 is the very bottom, but the current area should be a low point that should be maintained. Also it appears major movements are on quarterlies tho it's seems like a fun game to predicts a jump upwards or down...
This isn't a top of my list of mining based interests, but it's kinda compelling and on the shortlist now.
(I hated listening to the commercials they had for this company on BNN)