Penbar Capital Ltd V.PEM

RE: Comments?

[tradesmart1]

Re: Comments

I think folks were being a little cautious after last weeks knee jerk chain reaction and wanted  to see what transpired today and that's understandable. Today the stock closed up a penny on decent volume albeit less than the last few sessions - also understandable.  The TSX was a little down yet PEM was up. There are additional results coming and they should be at least as good as we saw last week which were actually decent despite the chain reaction sell off. PEM is stable once again and that's welcomed. Buying pressure continues and is steady.

Del Stein suggested that we may now be sitting on a million+ oz of gold and that alone ought to induce some positive momentum in the days ahead.  Keep in mind they are on a trend so there may be more yet to this story than what is so far known.

Fundamentally little has changed in PEM - the resource has grown since a week ago and we still have some assays pending which hopefully will affect the share price in a positive way. This time round the "fluff" has been blown out off the stock so its not unreasonable to expect some upward momentum near term.

Over all I continue to think PEM has a set of good properties and equally good prospects and I have a position and am confident we will see some good things coming. It's still summer lots of time yet for PEM to move up.

GLTA