Replies to post #22524 on Silver Falcon Mining Inc. (fka SFMI)

[MuchCompensation]

are they going to start buying back shares
from first gold sale or at a later date when they get
into the mountain with better grades. dilution is huge
also are they planning on putting more shares

Well certainly they have to stop issuing shares before they can start buying them back. So logic dictates it will be after sales of the product. The timing is not entirely clear.

Dilution is obviously an issue, but their dilution is not shares on the open market. They are done in exchange for services. Last time I checked we were not above 300 mil O/S which is respectable compared with the PM contemporaries.

There is certainly an argument made here that allowing a decreased share price makes dilution more likely because it reduces the purchasing power of the stock in lieu of payment, but there are arguments to support the decision to keep the share price down as well, such as the cost to buy back shares when the time is right, and the decision to keep the company off the radar until they are in a position to maximize profits.

This is strictly my opinion.

MC

[Public Heel]

Let's stop this buyback nonsense. Unless someone can name a company in remotely similar circumstances to SFMI that has bought back shares, of course.

Also, even if it were remotely plausible that they'd buy back shares, why would a shareholder want them to? Buying back shares is an implicit admission that the company has nothing better to do with the money. If SFMI has the prospects that people here hope they have, they should be spending every cent on development.