Cooper's Orbost deal 'value dilutive', page-2

the rest of the article says:

"Positives including removing a future higher tariffs risk as well as adding more infrastructure to Cooper's portfolio and boosting its ability to allow more "capital-heavy approaches to debottlenecking".

While the move has its merits, "the risk we previously highlighted that APA might get the better of COE in negotiating on the price tag for Orbost appears to have been realised".

Morgans maintained its add rating on Cooper with a slightly reduced target price of 31c.

But said: "We expect it will take some time for the market to 'digest' the recap."
Shares in Cooper are up 0.8 per cent to 24c at 2.20pm AEST.

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so they think it is dilutive, but still have a price target of 31c.
"boosting its ability to allow more "capital-heavy approaches to debottlenecking". --- that to me seems to refer to maybe the 3rd Absorber ????