I agree with your logic, but paying what one analyst very kindly called "a full price" for the assets and then hoping for the drilling success to back-fill the valuation comes with its own risks.
I took a little dabble today on this news but I think @volf lays it out quite clearly - whilst anybody buying/owning KAR should be aware of their acquisitive plans, it's not a license to buy something at any price, so you can tick off your performance goal with its 20% weighting.
That said I will be very, very glad if the drilling at WDS/WDE proves me completely wrong about this deal.
I agree with your logic, but paying what one analyst very kindly...
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Last
$1.68 |
Change
0.005(0.30%) |
Mkt cap ! $1.342B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.71 | $1.67 | $8.559M | 5.081M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 93351 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 29087 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.68 |
Change
0.005 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $1.69 | $1.71 | $1.67 | 1206383 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| KAR (ASX) Chart |