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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 prospector7on Jun 02, 2009 5:16pm
163 Views
Post# 16038027

VISABLE GOLD

VISABLE GOLDis always a good sign that there is enough mineralization to come all the way to the surface, the ladies name is Christina and is nice to talk to and you can be sure that they are writing the drill NR as we speak, with so many claims and a historic drill program there will be a drill Company that believes in PEMs drill program as much as all the management and investors alike.
In these times when drill companies are hurting you would be surprised at the type of deal you can come up with. With 200 holes drilled and 7 mil already spent PEM will have about 750,000 which is plenty enough to drill a few holes on the hot spots. Once the SNS deal is done with either way on Friday my guess is with this stacked management team there is another JV in the works as we speak.
At these levels PEM is the total deal you couldn't dream up a better story if you tried. If the POG price would have been higher when they spent 7 mil years ago we would not have this opportunity today my guess is Kinross is also keeping an eye on PEM.
You can be sure with the A team on board with PEM they will have the NRs coming out very soon because they want those drills turning.
GLA when does the BB night shift begin?
Bullboard Posts