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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

Bullboard Posts
Post by OldManWinteron Nov 06, 2011 9:48pm
391 Views
Post# 19214131

what do people expect??

what do people expect?? Even if the warrants where in the money, pem would burn through that within a few months. Chances are they would have been going back to the market before than anyways. This is a junior exploration company, unfortunatley dilution is going to happen. With regards to the share price, its at 30 cents for multiple reasons. first, results are waaaaay to slow. second, when results come in, they are not all that great. sure most holes indicate gold but there is many juniors out there finding gold as well. third, simply not much interest being generated through this current drill program. Ask yourself this, when was the last time PEM released eye popping numbers? by the way, oiltar, you are an idiot. You say buy all you can all the down and now you come out with questions. sure they are going to need money. very soon at that. the writing has been on the wall for months. your just a short sighted cheerleader. FD I did own shares awhile ago but come back to check in every now and again. not wanting to miss the rising gold price, I am invested elsewhere. Nothing truly exciting happening here.
Bullboard Posts