The view that any royalty acquisition that is of lower quality than MAC is dilutive or weakens the business is simplistic and mistaken. Let's skip the idle grandstanding.
A royalty company needs to constantly sift opportunities for growth and diversification. JA & team have been looking. Their restraint in not just buying stuff is admirable. Please don't paralyse them with a no-risk highest-standard framework that would exclude opportunity and evolution.
The new $350m debt facility is evidence of the intent to develop. What they choose to do with it is open and a matter of considerable interest.
Ash
*I currently only hold indirectly.
Ann: FY22 Financial Results and Outlook Presentation, page-4
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$3.96 |
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0.080(2.06%) |
Mkt cap ! $2.093B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.98 | $3.92 | $3.276M | 828.1K |
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| 4 | 14941 | $3.94 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 18009 | 5 |
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