RE: ARG bought back another 100,000....ruleI contend that share buyack is a very mis-undersood process and recall that the value of the operating company is reduced by the buyback amount......it generally requires more than financial engineering to add real value to a company. Amongst alternative option(as an example for consideration)......expedite reserves to the saleable product stage much ealier, i.e. some of the reserves conceived as 20 to 30 years away.....earlier "hands-on" such an expedited income stream certainly adds value. Sometimes share buyback is a risk reducing stategy(risk of hostile Take-Over funded in part by a company's own cash!)
Peace,
Good Decision-making to All,
ElJ