St Barbara - maybe not interested in buying Peel, page-16

Sarg, are you familiar with the requirements under which substantial share holder's must report ?

St Barbara WERE NOT STEALTHILY buying on market to build to their current level.

The first holding in Peel that St Barbara acquired was a 9.5% holding on April 04 2017. That puts them above the 5% reporting threshold. Meaning any addition or subtraction to a holding above 5% must be reported to the ASX under substantial shareholding declaration requirements. All shares SBM have acquired have been via placements from Peel.

SBM can add an additional 2% of Peels capital to their holding before crossing the threshold at which a bid must be launched.

We all welcome your input on the debate. But please try & keep it accurate.