PEL 0.00% 1.7¢ pelican resources limited

Chuck," We are busy endeavouring to understand the reasoning...

  1. 2,814 Posts.
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    Chuck,

    " We are busy endeavouring to understand the reasoning behind the governors order and to open lines of discussion between ourselves and all relevant parties.
    The company will report back to the ASX as soon as it has a better understanding and clarity of its position.
    In the meantime, I assure you I understand shareholders anxiety and we hope to resolve the issue in the shortest time possible.

    This is an extract from what i received from Stuart Bell.
    I should have followed your example and quit as soon as word of this leaked out.
    Down to $0.08 when i had a look this morning, so i guess i'm sitting on them for another umpteen years waiting in the hope that they recover?
    Why would any foreign companies do business in the Phillipines when you receive approval from the government to proceed after waiting 3-4 years for it and then they pull this on you?
    Cheers
    dapper

 
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