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.
Capital Allocation & Who Dat Returns, page-34
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Last
$1.84 |
Change
0.100(5.75%) |
Mkt cap ! $1.474B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.85 | $1.78 | $10.19M | 5.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40861 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 25012 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |