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

Bullboard Posts

Post by prospector7on Jun 08, 2010 7:40pm

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Post# 17170707

If I Sat on the PEM board

I would want a lot of cash to drill three more programs on this 28KM strike Zone. Since PEM owns one of the best gold plays today I would only want to work on getting better numbers on Friday Petsite.
Chrome Mountain is great but very isolated and will take a lot of work. My vote would be to sell it off and keep some shares for the share holders with the agreement that the new company does a drill program on Chrome Mountain.
Then PEM can really get down to busting huge amounts of core and get those numbers up to drive PEM ballistic, which it is just my humble opinion will happen one day, Bob M is just pointing out the obvious. JMO GLA

Bullboard Posts

How a junior advances one of the largest undeveloped diamond projects