on track.., page-22

I'm not stressed about the share price. PAB is a long-term hold for me. I'm just looking forward to the next set of results from the trial and the inevitable rise in the share price. I don't care if takes off like a rocket or just moves gradually upwards. But I'm confident it will rise.

I think it's significantly undervalued. Target price for me in the short term (1 year) is about 15-20 cents. In the long term, who knows?

We've around 5 million in cash - enough to fund the company through to early 2014. I hope we'll get a license deal by then to fund us into 2015 but, even if we don't, I don't expect PAB to have any trouble raising cash with a rights issue. I'd be happy to participate.

Cheers