Ann: Ngualla Project Update , page-37

Yes Rameez, the emhasis is on "raising the profile...in the international markets to allow for capital support that will be required in the longer term when the project moves in to construction stage.....(the purpose being partly) to strengthen Peak's share register by increasing the percentage of long term institutions and to acquire an off-take partner with the capability to support the business at the end product side."

This can't be disputed.

But going OS for smallish CRs should be stopped UNLESS such steps are necessary to achieve those worthy intentions and goals. I expect Roths and the Canuck placements were part of this process,but they (or at least the R one did) backfired. I say stay at home and west Pacific rim for future CRs.

I can't really comment about the PR people, except to say I hope they do a bloody good job. We will be watching!!!

The news on the met work continues to be very encouraging. There is one full page on it too. LT buyers and holders need to read it carefully I believe.

Re the share activity, I continue to be struck by the constantly high sell depth. An hour or so ago I calculated that about 60% of the 3m shares for sale were at prices above 47c. Is the sell side being stacked by a secretive buyer? Are some mums and dads falling into the trap and others following like lemmings?

Anyone watching the purchase/sales made by an off-screen buyer/seller? That could be relevant. But I'm really guessing here.