Yeah that could be argued but I can't see moving into production not producing a bounce.
TPD deal stacks up as cheap on Walyering alone, that's just on W5 + W6. Add W7 into the mix and it is theft IMO. Don't get me started on EP447 and Condor. To really get a feel whether this deal is going through will take until late November and will depend on the lie of the land then. Market won't price it in until there is greater certainty around the "moving parts", ie they need to no longer be moving. What Euroz stated makes sense, well worth a read.
Ann: Talon acquisition update, page-198
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