That hurt. Who would have thought ought you could release 16m of...

That hurt.

Who would have thought ought you could release 16m of just under 60% combined Zn & Pb plus a few extra bits & pieces and you’d be down 10% a few days later.

Ive taken to looking at Peel Mining on LinkedIn and they honestly seem to be pretty chuffed with how things are going. Plenty of pats on the back going around that’s for sure.

Perhaps they take off their rose coloured glasses as the company is underperforming. The share price is the same as it was when Southern Nights was first discovered 18 months ago. They have spent a lot of our money and on a share price front achieved nothing.

A few people have been critical of Rob, myself included while others, including his staff are very supportive (LinkedIn is full of wonderful info) Some here say that the company has no control over the share price, I’d disagree, the Managing Director has ultimate responsibility for how the company is performing. If the company is underperforming, it’s the MD’s responsibility. That’s why he gets paid well and is given millions of performance based shares. If they don’t see responsibility like that, then the reason is quite clear.

They need to face the fact that their reporting is appalling. Take responsibility for that, it’s simple and easily fixed.

Let’s hope there is a positive change soon. Have a good weekend all