I imagine that doing business in the Philippines is like walking...

I imagine that doing business in the Philippines is like walking through a jungle and comparable to logging in Tasmania ?!! There has always been issues. Having looked at articles from some months back, in many cases the Government is over-ruling the local governments resolutions. Pelican has a license and I am sure will get the same support from the Australian Government as other aust companies have in the past. Lafayette Mining(now Voyager) sold their share in the Rapu Rapu after similar obstacles and that mine is as far as I can see, still operating... and a lot dirtier gold operation than PEL's.
Biggest concern seems to be health associated with the use of mercury...
Let the dust settle and see what our new management team has to say.
The trading in PEL this week seemed too bullish if "this issue" was a major concern. Look at it like just another hoop:) Caution is not a bad thing Chuck, but hope you'll have a reason to kick yourself in the near future :)
Meanwhile, have a good weekend all