I hear what you're saying but I disagree with some of your logic.
If DLC monetized their EUR stake for 3.3m AUD (for example) they would likely give that cash back to shareholders. That would be 0.5c per share. In that case where would the rest of the business trade? The cash would be worth 0.1c, put the 1.75m on a conservative 3x multiple and that would be 0.8c, and the oil & gas who knows maybe 0.5c.
So if you wait for something to happen before you buy DLC you might well miss the boat.
I'm glad I didn't wait for all the EUR milestones. Would've missed out on big profits.
Just IMO
I hear what you're saying but I disagree with some of your...
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