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 geezerbutleron Jan 14, 2010 12:59pm

322 Views

Post# 16679126

RE: Read the NR again is this really huge , great

"You are kidding, right? Have you looked at the cross sections and assaydetails? The reported interval of 285.9 gpt gold over 0.4 metersaccounts for over 20% of the gold in the PEM hole! Moreover, the crosssections make it clear that there are several other grade spikes overultra-short intervals (conveniently not reported by PEM) that mustaccount for the vast majority of the gold, probably over 80%. I thinkit is ridiculous that they reported the assays with neither a gradecut-off nor a cap. Had they done either, this hole would not seemnearly as spectacular. To their credit at least they are making thecross-sections available so sophisticated investors can make heads ortails about the results but I think the company could do more for theaverage hapless PEM shareholder."

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This junior mining stock offers billions in market exposure