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
$1.61 |
Change
-0.015(0.93%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.68 | $1.60 | $8.763M | 5.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 247821 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 68022 | 4 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |