I would just say, the company doesn't have to let anyone in, they can politely decline and say, "Thanks for your interest, we are going to let our analyses run their course on PL4 and then get PL5 and 6 out of the oven"
Look at the value being added to the IP in light of the iterative annoucements on analyses coming off PL4 - Is the company had put the for sale sign up when the first batch of metrics came out, they would have probably failed to realise the full value of the company.
I would say the recent roadshow is the natural conclusion of analysis on PL4 - that the company assesses there's not much more to extract and it's time for a bit more disclosure to build up interest ahead of PL5 and 6.
Why sell the "house" now when it's only at lockup, why not wait until the internal fitout is done and it's presented as a turnkey product?
4DS Price at posting:
11.0¢ Sentiment: None Disclosure: Held
(20min delay)
