RE:RE:RE:RE:RE:RE:Nice to see the market coming to its sensesYou're correct Trapped. ARX bought back 1,868,300 shares in August.
That's 1.6 million more than previous months buybacks and effectively doubles the YTD buybacks.
As a longterm shareholder return strategy it makes sense if 2024 was going to be a flat year buying back now and increasing the dividend when production and FCF increases later will pay off in the long run.
Leave it to this management to know the right things to do. ;-)
GLTY and ARX BULLS