I honestly don't mind it, provided they use the proceeds well....

I honestly don't mind it, provided they use the proceeds well. The company is now in a very strong financial position, with this sale all but guaranteeing the financial security of the company going forward. We were already in a position where cash at bank was greater than debt, and this sale further solidifies that. I'd much rather they cash out and put $10m into lightning wells with near guaranteed fast payback than continue to bet on a frontier prospect that may never flow at a decent rate. Yes, PANR may 5 bag from here, but if spent well there is a fair chance that the proceeds can also do well internally.

My gripe had always been about risk management and communication...they've done well on both fronts here: taken cash off the table whilst keeping some exposure, and highlighted the future use of funds by identifying both internal development and potential external investment.