placement, page-21

WOW ! Great placement price. Not much of a discount at all.

The sp closed at 44 cents last friday and two trading days later we have a placement at 46 cents. That is very positive. Whoever bought in at 46 cents must have big confidence in PEK's future and I would doubt very much that they will get dumped.

I understand that the placement was taken up almost immediately and Shaws could have sold many more ( my broker was making enquiries for me).

Congratulations to Mark Maine for only raising what was necessary to drill the bejebas out of that mineral rich extinct volcano they call Ngualla.

The expected jorc will probably be a lot bigger and the sp will be many multiples of where we are now before any further funds are raised. And the jorc from my last contact with Mark is Jan/Feb at the latest.

Looking forward to a big day tomorrow.