Strong results and inline with what was expected, I believe...

Strong results and inline with what was expected,

I believe management need to pivot from the buy back and focus more on equipment capex and or M&A. The buyback served its purpose creating a floor in the share price. M&A makes more sense in the Australian market subject to price. A takeover of DDB would at a high level make sense. Without further DD and simply looking at their EV/EBITDA and services offered it makes sense. The downside and the other consideration is for post acquisition spread of commodity exposure along exploration/production exposures. DDB trades at a discount because of its exposure to exploration 39%. I don't view this as an issue as I believe capital markets will be supportive of exploration for the coming years due to deficits and elevated prices in most metals.