my hope has been renewed for this stock

Guys hold firm, we have been waiting some time for this announcement and have the same frustrations. Instead of waiting we took the intiative today and went in to his head office with a definative list of questions for the chairman John Palermo. Far from being evasive or non commital John was more then happy to sit down in his boardroom and answer any questions we had.

If you want to find out yourselves go in and talk to him!!

1/284 Oxford St Leederville Perth

Tel: 0892423915, seriously twice we called him in the last 2 days and both times he called us back in an hour or 2.

Basically the MPSA holdup isnt just pelican, RED and a fair few other companies operating in the area are in the same boat. However the article below highlights this factor and gives hope to the imminenent signing of the MPSA.

http://www.mb.com.ph/issues/2008/03/05/PROV20080305118610.html

Pelican hasn't put all their eggs in 1 basket either. Bellery springs with surface samples of 60% ironore will be drilled next quarter. In this ironore frenzy market any decent hits, will send the share price north.

Just remember unlike other nickel projects the Romblon nickle project is a surface deposit, with nickel stockpiled waiting to be shipped to the BHP shipping lanes, of which BHP has signed a 500,000 tonnes per year offtake agreement. All the environmental permits have been signed, all that is waiting for is the MPSA, which will be the company maker.

For those losing heart, read the above article, read up on their Bellery springs project, do the sums on the romblon nickel project. Check that the options are still sitting at a 10cent premium, then ask yourself you have waited this long, why not at least wait till the end of June when we will know the bellery springs results, and hopefully have the company making MPSA signed.