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MARKETS

MinRes' AWE bargain

MINERAL Resources is paying a "ludicrously low" price for AWE, is effectively getting half of Waitsia for free and should be able to flog the oiler's non-Perth Basin assets for a tidy $540 million or so - roughly the price it will pay for the whole company, new analysis shows.

Anthony Barich
MinRes' AWE bargain

Yet independent analyst Peter Strachan, who conducted the analysis, has reluctantly advised AWE's shareholders to accept the deal, as the miner's management has firm and well-researched growth plans and...

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