Ann: Quarterly Cashflow Report, page-10

I saw that article the other day Peter. Interesting read. Though Sandfire do have a habit of wanting to buying stuff on the cheap. I don't know if the Peel register being dominated by large holders would appeal to them all that much.

It is imperative that management get out there & start promoting what they found & what they are doing.

Given what has been found the stock should be trading a lot higher than what it is. The bid depth should be a lot greater than what it is. People are not lining up in droves to buy this. Most of the depth on the bid side is contrived by the program traders. The price has been languishing since early March.

The market cap of the company is currently around $108M. I can point to absolute dogs of stocks that have a cap higher or just slightly under that. For instance take ARV. Currently capitalised at $121M. A stock that you wouldn't go near with a 10ft pole given its chequered history, fondness for issuing scrip as if it were confetti & the tenement trader who secretly controls the company. KRC is another. Current cap at over $90M with little to justify that & over 1.1B shares on issue.

My point is that it is obvious that little is known about Peel by the wider market. Despite headlining grabbing grades on some intersections it remains generally unknown & massively undervalued.