You are correct bottle2. Approx $3.8M will be left at Dec 31.I...

You are correct bottle2. Approx $3.8M will be left at Dec 31.

I raised the issue some time back re: the need to take action about the declining share price. That something different needs to be done in order to address the issue. Otherwise the next raising will be in the low $0.20's if not the high teens. But IMO those in control are just stubbornly refusing to acknowledge the issue. Probably sitting back basking in the glow of their award. Whilst the share price crashes around them. These guys will drill themselves out of a job. Because someone will pick this company off. It wont be at premium prices either. The ever declining share price will see to that.

Now lets see in 2020 how on earth Peel plans to fund their portion of building the Mallee Bull decline. Because ore sales from the bulk sample of Silver Ray are not going to cover the cost. This is a decline to undertake yet more drilling.

The ramp squad don't seem to want to take the rose coloured glasses off & acknowledge the reality of what will take place here unless change happens.