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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 grantster44on Feb 18, 2010 8:04am
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Post# 16794420

Pem Positive Points

Pem Positive PointsWith a $2.5M Drilling program on the horizon, I think it's safe to say they won't be drilling blinfolded. From recent drilling they have established their targets and are Extremely confident as to spend the $$.
Also,it would be a great idea to have the warrants exercised to lesson further dilution.
I would like to see Pem have enough $$ left after phase 3 to put BG into production and get some cash flow,but we'll see what happens.
As far as the next 3 holes,They may as well wait until next week,unless they are fantastic. [ not sure why they seem to be taking their time ].I think the Bigger story will be the updated resource which could be out before P-Dac.

Best to All
grantster44
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities