"The Company wishes to advise that it has not been contacted by Sibuyan Nickel Properties Development Corporation (SNBDC) regarding any moratorium nor was it aware of the speculation before it became aware of the relevant article in the media."
This is a bit of a worry and the market is not pleased, down 2 cents allready this morning!!!
It is about time the management of PEL lifted their game in respect to updating the shareholders re the ROMBLON Project. The cap raising was to progress this operation and we have been given stuff all updates as to what is happening!!! I wonder if they piked up this latest issue from posters on HC that endeavoured to contact the company without any responses being received??? You have to ask the question that do they have any idea just what is happening in the Phillipines?............. Pretty poor show from the company and they need to lift their game asap!!!!!!!!!!
PEL Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
