I wouldn't read too much into it. It was only half their holding...

I wouldn't read too much into it. It was only half their holding and they aren't sitting on a pile of cash at the moment so need cashflow. It takes some of the risk off the table for them and gives them $900k cashflow at a cost of $135k.

It would be much worse if they didn't do this, and then Hanking don't get 50% so the offer fell through, PGO would then need a capital raising and MRP would be selling 38,000,000 shares into a tough market to get the cash they need as they will likely have less than $2M in the bank at the end of March (excluding recent PGO share sales).