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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
Comment by wood6411on Dec 08, 2011 1:30pm
300 Views
Post# 19304173

RE: Drill results and insiders/institutions/chrome

RE: Drill results and insiders/institutions/chrome

I hear you moneyfast. This is unreal for us to be in this position.

I thought is was crazy to do the last PP at .25, especially when it could have been done months earlier at much higher prices. Fast forward a year, and here we are talking about another PP that could possibly be done at an even lower price. Why is it we always like doing PP's when the share price is at it's lowest point of the year? I don't get that.

I know Del is a good man and all, but holy smokes, there comes a time when something has to be done to right the course we've been on. I don't buy this BS of being swept down with the general markets. Hog wash I say.

IMO we should have made swiss cheese out of the property with known gold deposits. Build the size of that one and increase the 43-101. This is the kind of stuff the market is looking for. Ounces in the ground.

We've gone off in all directions poking and proding and hoping for the pot of gold at the end of the rainbow. It is a good thing to have this option and a huge property, but my gosh, we are in dire need of life support here. We can't afford to be doing these kinds of things at this stage of the game.

Imagine if we could have doubled the ounces at the Friday Zone. I think we would have been better received  by the market then we are now, and our share price would reflect that. We are being laughed at, and mud slung in our face. To think we are going back to the market looking for more funds at these prices. Talk about embarrassing. I don't know how Del can do it.

Anyway, not much any of us can do at this juncture. We have to trust that the CEO knows what he is doing, but it's a tough swallow looking at the stock chart. There's been so much hyping and pumping of this stock, yet we still sit at a measily .17 cents. Unbelieveable.

Oh yah, what about our other property - Chrome Mountain. How many years now we've been waiting for it to show any value to shareholders?

Something is wrong here folks, but you don't need me to tell you this.

Good luck to us all. We will need lots of it.   

Bullboard Posts