Buy back programFM has always rolled over its repurchase share program . A possible 5% until march . KN triggered it twice yet but for few ( around 1% @ 11 and 7 by past but he did it ) .Even if this purely hypothesis , the odds are not nil to see him activating the program once again . It could be more massive than last time .
The lower the stockprice goes the better it is for Fm .
With 260 m us at hand he has good facilities . 3 obstacles in my mind , he has to wait the agrement on the tax dispute of course , he is limited with around 300k shares a day ,and i don't know about the rules on such program during this dealexchange .
Has he the right to buy ppp shares too ? don't know .
Fm is in well better shape that one imagine . @ silver price constant . That's for saying there are good opportunies to lower the dealcost . opinion .