Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

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Post by Greenstakeon Sep 10, 2009 11:07am

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Post# 16293365

PEM sliding downwards for now....

For the third time in a row Premiums news releases totally failed to ignite the markets interest. That is a concern.

The grades were decent although the surface location is a good place to be if you want to mine. Having said that however shareholders are now selling off PEM yesterday and today and the phoney bid blocks have now vanished leaving llittle real support to stop the gradual erosion in the share price. At the end of the day for many this was little more than a pump and dump with the dregs finally exiting the play.

Sad.

Let that be a lesson to those caught up in the hoopla. Next time you see the hype, move on to a better investment. PEM will take time to recover and we all know who we have to thank for that.

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