I think we need to remember that the Balkans sale and Togo...

I think we need to remember that the Balkans sale and Togo tender are still happening irrespective of what is announced regarding Peelwood. IMO, investors who have purchased shares for these two events wouldn't sell out because an unrelated announcement came out, especially when that announcement simply outlined that the yet another step in a previously flagged divestment strategy has taken place.

I guess we have to face facts that with the current mine life, Peelwood simply wasn't going to happen. Now we may build the size resource using someone elses money. IMO BMB's cash is better spent elsewhere.

"However, Balamara has previously indicated that Peelwood requires further Ore Reserves in order to extend the mine life as a pre-requisite to start-up, and both parties have agreed to pursue a strategy to utilise CEB’s cash to target increased the mineable tonnes before considering potential development scenarios."