26 cents Jeeeeezus !! Would love to see another 2-3 deals from...

26 cents Jeeeeezus !!

Would love to see another 2-3 deals from our portfolio completed this quarter. Perhaps a 001 euro, 002 US or Z euro. This would confirm they have the right team getting stuff done (they may even get Artimist done but it will only be a bonus).

But the key is showing a viable cash operation up to royalty stage. They need to keep growing/ maintaining their cash position and can do if they keep doing deals and getting new Dev opps (the cashflow statement released back in late 17 is worth another look too because they probably lost a year based on survival with BP).

Anyway 4C will be interesting. We will get to see how much they're spending and do some calcs (or perhaps reconciliations) on actual cash received (and where it's come from).