RE:RE:RE:Starcore International Mines earns $940,000 in Fiscal Q1 I am generally not a big fan of stock buybacks because they are often just a gimmick. However, it the case of Starcore, I think stock buybacks are warranted. The stock price is ridiculous low, and buying shares would be a very good investment for the cash. I do not think a huge amount of money would be needed. Maybe just US$100k per quarter.
The average trading volume for this stock is about 23k shares per day which is about US$5k per day or US$100k per month. A stock buyback of just US$100k per quarter would be 33% of normal trading volume!