PEL 0.00% 1.7¢ pelican resources limited

I GUESS THE ROMBLON MPSA IS NOW NOT WORTH WORRYING ABOUT...

  1. 2,814 Posts.
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    I GUESS THE ROMBLON MPSA IS NOW NOT WORTH WORRYING ABOUT CONSIDERING THE DEMISE OF THE NICKEL PRICE.
    PEL have missed the boat on this one and i don't see any other projects on the horizon that can return our investments.
    I would however like to know just why the MPSA never came to fruition and why management have given no explanation to their shareholders.
    Why were shareholders funds invested in this project when management should have carried out due dilligence in respect to the realities of the project ever getting off the ground.
 
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