Thanks 10bags for the conventional view.By definition, any...

Thanks 10bags for the conventional view.

By definition, any royalties acquisition will be of lesser quality - South Flank is a rich and special stream. This does NOT mean an acquisition is 'dilutive'.

I would take the contrary view: To become a multi-stream royalty business - sorely needed in Oz - other interests are needed. This is only a problem if DRR over-pays.

We dont know if Julian Andrews is trawling, negotiating, working his butt off or not. He may be skilfully dodging every dud deal the army of wannabe miners out there have thrown at him while waiting for the sweet pitch he can hit out of the park. Only the BoD knows.

it is easy for retail holders to become armchair critics and champion a reductio ad absurdum.

So don't paralyse the poor blighter with impossible standards - that will only deliver the dull annuity result you most fear.

JA is being paid as a dealmaker. - quite rightly It is too soon to judge him a success or failure.

Ash