If Big Pharma bite, it will be much higher. Not too mention if there's a bidding war, which is likely given the blockbuster nature of the IP at stake.
Sinclair and Loveridge are significant shareholders, and their resignation is likely fueled by a vested interest to see the greatest amount of cash retained and corporate overheads minimised whilst looking for the highest bidder for this asset.
I expect Tattarang will be driving this hard to get over $1.30 returned per share.
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