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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Comment by WhiteFoxon Oct 27, 2009 11:02am

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Post# 16427200

RE: Double Peak Sell Signal on Gold~ Just Like PEM

In reviewing a group of 30 juniors I noticed the double peak on almost all that had been 'pumped and dumped'. I'm not sure yesterday's correction in the markets was enough and, although I am sure gold will recover quicker than anything else, it may be impacted short-term by a 'double-dip'.

The PEM story reads well and management seems to be well received by investors. Any suggestion from the board as to an entry point?

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