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 WhiteFoxon Jun 23, 2010 10:03am

645 Views

Post# 17213889

Ducks in a row

PEM's story is captivating, and the timing is perfect. Gold price is at an all time high, demand increasing, and established reserves are decreasing. PEM management is cleaning up its relationship with other companies in their primary zone of interest, have plenty of money in the bank, and a huge drill program underway in a politically stable and business friendly environment. My fear at this stage is the Board of Directors gets an offer they can't refuse before the share price incrases significantly. I'm a project manager by day and often remind my colleagues the success and failure of a project depends on the people involved. PEM management have the right experience and a lot to work with. This should be a fun ride!

Bullboard Posts

This junior mining stock offers billions in market exposure