Ann: CKI Proposal APA Grants Due Diligence, page-13

"Therefore, surely what one should want, is for the stock price to oscillate around a lower - not a higher - base?"

Said no one ever!
Or at the very least: Said no SHAREHOLDER ever!

"There are very few companies with unique, low-risk assets such as this one. So when one is fortunate enough to come across them one should want to have as many opportunities over time to be able to buy them."

Have you not had opportunity enough with an APA 'lower price' for 5.5 months?
There were weeks of opportunities to buy around 760c-780c from memory.
Admittedly the analysts were decrying APA as having limited future growth potential which seemed to me contrary to what was shown on the APA website in Presentations and in several ongoing ASX ann's but, unlike you and I and a few others here, most HotCopper-ites only envisage value in small caps so they totally ignore ASX 50 stocks.