Followers of the ARQ/EGO/EMR/FAR story on Valentines and Stokes Bay are probably familiar with PCL. The interesting thing about PCL is that throughout the Valentines drilling the shareprice hardly moved on very low volume. And with Stokes Bay drilling just started it got sold down to 0.055 in the last week trading on (relatively) high volume, and now back to 0.057 - the lowest prices we've seen for over a year.
PCL should also release seismic results from their Kenya block soon (in fact it's overdue). With a 10% stake in Stokes Bay it appears to offer a good risk/reward play compared with the other players perhaps?