Ann: Race Strategic Update August 2023, page-223

You took the words from out of my mouth. How likely is it Astex? Highly. Is it a riveting name that'll get the juices flowing? Do they have the coin to take us out for 5billion?

Thanks. I get that institutions want in cheap (wholesale as you put it). Some have mentioned we now need institutions on deck. If there's no CR this is unlikely then? I don't know or have an opinion on whether instos would be advantageous (merchant have only screwed with our SP) but know can need to get new BIG LT buyers to buy millions if institutions don't want a bar of us. As you know if we get a partnership or an offer tomorrow our current Share price matters now. What innovative methods might stop the bleeding? Surely we don't just concede defeat and blame Macro and lack of interest in Bio because if we do we will go to 70c.