Ann: Peel Raises $7 Million to Advance Cobar Deposits, page-13

Hi,

Irrespective of the intentions about this capital raise, it has now created these two perceptions in the marketplace

1. The upcoming resource JORC is very ordinary and market won't be excited by it.

or

2. If 1) does not turn out true, then questions will be asked about the timing of this raise

Looks like the current mob does not presents itself as bright in respect of capital management. Now they will have to live with the new perception also. Normally to progress further in these scenarios, usually a sacrifice has to be made!! Lets see who is the sacrificial lamb!!