Rye Patch is buying back shares! Listen why.
Bill Howald joins us for a weekend special to discuss the decision for Rye Patch to buy back shares on the open market. Can you think of any other companies that are in this sector doing this?
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Reverend, it really is and Bill and Karen are two of the nicest people in the world.
Big Al & Cory – thanks for having Bill Howald on for the update. I think they have made a series of GOOD decisions with their Net Smelter Royalty from Coeur:
– lots of great exploration results the last year
– working on developing Lincoln Hill into a mine
– buy adjacent & strategic land acquisitions
– running all operations of the company without having to raise money or dilute the shareholders (that’s huge)
– and recently their stock buy-back program with 10% of the NSR
I am a happy shareholder, and see a bright future for Rye Patch. I could also see Coeur just buying them out one day down the road (if the price was right).
Agree, Shad
PanAmerican Silver has been buying back its own shares. Right now I think that is a better investment than opening anew mine and selling silver cheap.
Agreed
mwfolsom, I would agree although I believe you’ll be able to acquire PAAS at a lower price in the future.
Doc:
Thanks for that observation – I’m watching and waiting to buy a bit more. It is another one of those good, well run companies that has been turned into a fire sale by the current madness.
Small wonder that Rye Patch’s share price is holding up so well. Great little company!