Penbar Capital Ltd V.PEM

Over The Years I have seen a lot of plays

[prospector7]

you need to think of every angle, it is like poker people get a lucky run then they start going all in with there winnings but what they don't realize is it is their $$ they are playing with.
If you bought this stock at .11 and it hit .38 on a junior mining stock why on earth didn't you take a profit then, when it went to .55 on a junior you should have definitely taken a profit just like Coffin suggested before news.
Look at a lot of the other plays some have not only a NR out but a 43-101 with over one mil OZ and the SP drops.
For every NR in this business there is another one around the corner with a different plan to it.
So this is just a guess but this is what I think when I seen only one hole on the NR PEM management is smart they probably have a big buyer who is interested in investing so they just put out one hole knowing the price will come down after yesterday that is why they took so long doing the NR. The price drops to more of a reasonable level for a PP offering where they already have a buyer this gives them $$ for another drill program and in the meantime they haven't shown their hand
, they still have the results of 6 holes in the meantime they fill the PP put an NR out of a new drill program and then give more releases of the other 6 holes when they want, kinda like dangling a carrot. If I was on the board this is what I would do make the most out of it because that is the name of the game.
I for one like it we can all be playing PEM for a long time because we know it so well and by the looks of it the best is to come with the holes closer to the old historic one.
I knew for sure once I seen only a one hole NR that we are in for the long haul on this one.
It was all investment houses buying today and all little guys selling just like yesterday. This isn't over by a long shot.
This is just my opinion, just a guess is all. GLA