Buyers near 20x sellers, page-20

Does help, indeed. Another good post.

As difficult as it may be to calculate I see value in them doing the exercise from a SP perspective......but without covenants etc the only driver to do so would be bonus structure / remuneration / options in the money.

It would be great to see the year that has been replaced by two years in the ground. Sure, it has to deplete at some stage, but I'd like to see Bangadangalang ready to go if Co-O endgame is in sight....think it holds the multiple back somewhat....why would something trade at 10X when clarity stretches to 5 years with there being no certainty in the continual ascension of the headline price.