Hi BB,
it is obviously thinners based, I'm not expecting a fantastic hammertone finish but for $44 for 4 litres I can't go wrong. I will line up a heap of bases I can repair today and spray them all at once.

They have a good range of colours as well,

https://www.ebay.com.au/itm/Hammer-Finish-Paint-4ltrs/123023486877