Valuation11 Oct 2018 10:45
SK, I think that is a well reasoned and conservative assessment of where I think we are, C. 10ps on 401 plus other compounds in early days.
There must be a financial incentive for VAL to do a 401 deal. I think keeping it a low ball estimate is best practise but we maybe surprised!
Trade sale, JV, licesning? That is why the company states partners as they are discussing differing packages with differing partners is my interpretation.