I didn't quite realize the scale of the proposed buyback. Almost...

I didn't quite realize the scale of the proposed buyback. Almost 50M shares potentially over the coming year (which would be just short of 10% of the total number of shares on issue). The current price of 2.73 is quite close to the maximum price of 2.77 allowed under the proposed buyback notice. One can never be fully confident that a buyback (instead of an increased dividend) will result in a better outcome for shareholders. The theory is that the insiders know the company well - the reality is that stock exchanges are littered with (in hindsight) poorly timed buyback schemes.

The buyback is sure to provide good support one would suspect if there are constant buying orders (and large volumes) from AOG. Have been a holder for about 2 years now so will give them the benefit of the doubt at this stage.