They'd need some good banking support tui, but it is a plausible scenario.
BTW, why haven't they monetised their Surat CSG yet?
The value of that alone is worth 1/3rd of AWE.
Add to that cash from spinning off AWE's Indonesia and all that could just about cover the cash component of a takeover (2/3rds cash from a bank & 1/3rd SXY scrip).
That could well work @ 1.75.
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They'd need some good banking support tui, but it is a plausible...
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