The licensing deals announced to date have been substantial endorsements and are extremely lucrative in relation to downstream milestones and royalties. The current round of negotiations are expected to lead to even 'progressively bigger deals'.
The rapidly approaching end of financial year could well be a target date for announcements. Importantly, a number of key developments will also occur before the end of August when options are due to expire. The market is fickle but one key announcement could bring them into the money. Additionally, the removal of the BTC overhang will reduce the likelihood of a large investor selling into strength.
PYC Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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