I can't see that this is a capital raising. With circa 3 million...

I can't see that this is a capital raising. With circa 3 million dollars they have enough to keep going for another 6 months and with the sp where it is it would be idiotic to raise cash now. Short of their being some exciting news on the exploration front, I wonder whether Peel are going to sell Their remaining 50 percent in Mallee Bull to CBH for a handsome sum (20 million)?? That would enable them to concentrate on the numerous walk up targets in the surrounding tenements. Either way I see this a a positive considering the doldrums we have been experiencing.