Not sure how many folks here follow this one but their Romblon nickel holdings in the Phillipines should be starting to show some results. There are other possibilities I suppose eg the recent and unexpected announcement of prospects in the Pilbara.
Whatever the reason, PEL has been showing increased activity of late. The critical chart point is 8 cents. If we can close above that point then PEL may be set to move further. It's most unusual to see bids above 8 cents in this one but that is the current situation resulting from this morning's action.
Not sure how many folks here follow this one but their Romblon...
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