PEL 0.00% 1.7¢ pelican resources limited

interesting little mining company, page-10

  1. 23,765 Posts.
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    OK I concead you are correct Carlos "palermo is no one"

    How ever He was someone when he was both MD and chairman of Advantage communications the precurser to PEL.

    As for the large shareholder you are definitely ahead of me, Chim Mooi and or manikay only have around 11% together according to the annual report which is around what Hills also has, the other names have English origins, and I have never heard those asian names bandied about, but you seem to know more than me
    ootherwise you wouldnt have bought in.

    There are a lot of questions though like the logistics in time and material handling of filling 50,000 tonne ships from barges, and will the due diligence include further sampling for varification? Also by the time mining starts its likely Ni will be back around US$5.00 a # as Voisey Bay and Goro ramp up.
    Also Hills seems to have been a rather average geologist over his career mainly involved as a cog in the bigger wheels of big companies like the BP group can he take on overall management of a micro cap operation?
 
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