Absolutely they should have concentrated on Mallee Bull. It...

Absolutely they should have concentrated on Mallee Bull. It would have been possible to finance that easily. If you read what i said i referred to a multi deposit group of projects spread over a wide area being a much higher risk profile to financiers. Than a stand alone single mine.

I understand the principle of economies of scale & what they are trying to achieve. However i think this mindset that Peel has been following is due primarily to Rob Tyson & his dogged pursuit of this method of operating. Rather than a sound business model that would have enriched shareholders with a lot less risk. When Southern Nights did not live up to the hype Tyson went on a drilling spree. He wouldn't let go of the multi mine ideal. As a result what used to be a cautious method of operating by maintaining a tight registry & minimalizing dilution, was thrown out the window. So the company now finds itself with a share price at $0.12. Lower than where it was 7 years ago.

You can espouse all the positive sentiments you like. Which you have been doing so for over 10 years now. But at the end of the day your investment has been diluted to buggery. With more dilution to come. Considering the current registry size & the time frame you have held for the share price would have to go through the roof for you to simply breakeven.

The company is not misunderstood by the market. The market does not like what it sees & is not buying what Peel is selling. This is a long term trend.