Looks fair. Obviously would have liked more $$ and they clearly...

Looks fair. Obviously would have liked more $$ and they clearly traded off future royalties for cash now.

Good strategic move. It clearly requires a lot of management time and additional capital raising to bring online. So did not feature in any short term valuation. It would have been at least 3+ years off.

I'm guessing the 19c spike related to these discussions. Wonder if cashed up, PAN took an even deeper look at the total PLA business?

My view this is a nice sweetener - works out at another 1+ c per share. Money in the bank and a couple of new loaders.

Another positive move from Management, they are starting to win back some of the lost faith, its going to take time, but this is a nice win.

Next milestone is break even next quarter