PEL 0.00% 1.7¢ pelican resources limited

Ann: Trading Halt , page-5

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  1. 2,814 Posts.
    lightbulb Created with Sketch. 58
    Maybe i have lost the plot, but didn't the company just complete a cap raising?
    Why haven't they paid the bill for the transfer?
    Why haven't they bought us long term sufferers up to date with the Romblon project and the offtake agreement negotiations?
    Why haven't they done anything for 3 years now???????????
    Where is the money going?????
    Too many unaswered questions from this management to have any creditability whatsoever!!!!!!
    And now another Trade halt re specifics of another cap raising to pay the Directors wages/fees???????????
    If they do get an offtake agreement just what would it cost to transport the ore from the mine to Queensland for treatment, especially in light of the current Nickel price????
    I am still down the gurgler on my buy price, but i think i should have cut my losses and ran before this latest bonus caper for the Directors!!!
 
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Currently unlisted public company.

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