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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Comment by BigBallerson Aug 08, 2009 5:38pm

142 Views

Post# 16203006

RE: RE: Got bored.,...

Hello,

I guess the overall value of PEM should be around as of now, 33-40 cent based on historic and current drill results. (Adjusted to gold prices today).

However, it could only technically increase based on the upcoming holes. I am most interested in 006 and 007, I think 005 will be more or less very similar to the holes drilled before historically. If we get not-so-great results (which I doubt) the SP shouldn't tank, as the current price reflects this.

If we can prove up better gold in the upcoming holes, we could possibly see a increase a SP, not sure how much, really depends on how good the grades and how long they are.

I have send a email to PEM regarding the overall resources estimate they claim and also regarding to how much they really extended in the strike zone.

I hope to get a reply soon from them.

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