I am concerned that the upcoming half yearly report could spell disaster for PEL. Very little cash in the bank, nothing happening in the Phillipines and the share price a total disaster zone!!! Unless management can pull a rabbit out of the hat PEL will be lucky to survive much longer. The only thing that can save PEL is to have the MPSA approved for Romblon and after all the time that has now elapsed since that was submitted, that is highly unlikely! Anyone have any thoughts of where we go to from here?
PEL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held