Ann: Peel Raises $7 Million to Advance Cobar Deposits, page-9

The discounted price of the soon to be issued shares doesn't bode well for any upside on market expectations for the forthcoming WT/SN maiden resource. Inept is a word that comes to mind. The company should have drilled the WT/SN copper rich conductor and been more proactive at Mallee Bull/T1 and Wirlong in the lead up so that the new shares could have been printed in the high thirties or low 40's. I hope for the sake of the true believers that the share price reignites but that will only come with more high grade intercepts at each of the three discoveries. I heard Tyson mention in one of the video interviews that Peel had a full time staff of 16 personnel (give or take). With those human resources I would expect they could allocate resources to enable all three discoveries to be advanced in the one calendar year.