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 freedom045on Oct 13, 2011 5:29pm

308 Views

Post# 19147132

Every news release

Every news release confirms what I have thought all along. PEM has a large low grade district with smaller high grade pockets here and there. Keep in mind that it isn't easy to find these higher grade veins and structures, and some patience is required. Now put it all into perspective--- if we can just keep hitting mineralization consistent with friday all over our trend how much gold do you think we will have? 5MM oz? 10MM oz? if we have approx 1.2MM at friday alone, then how much over an area than spans dozens of kms? For now the warrant overhang is a cloud over us, but it is only mere monthes until these paper issues are resolved one way or another. Then, I believe PEM's shares will re-value to upside. Good luck to the longs!

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