Penbar Capital Ltd V.PEM

The Real Story

[prospector7]

PEM went from ,10 to .55 in no time Del should have did a PP @ the mid 40s and he would have sold it out in a minute and got another drill program going like when we all thought around the first of Sept. I just want to be clear it was Coffin that brought this up and I think he was right.
On the other hand PEM has an amazing strike zone that has mineralized rocks that you search a life time for.
The only thing driving this false economy is the stimulus packages once this is over and the true facts come out that inflation is on the rise which it is folks. Gold is going straight to the moon.
So as an investor you have to make a choice where do you want your money to be couple this with the  fact that the UN wants a world currency. I vote for Coffins number 1 pick and PEM to put $$ in because they are going to improve their resource level.
Some people expect things to happen fast well in this business there is no such thing, that gold in those hills take time to figure it out where it lays before there can be any plans for a mine.
They have established a good width with gold close to surface, when they have another drill program they will pick some targets to drill deeper and my guess is the resource will go up because of the results they have already.
People are selling not because they don't believe in PEM but because they know that it is a fact that we need another drill program and the $$ aren't there and snow can come any day up high, When we worked in the field we would break camp mid Sept. on most years.
The thing I'm getting at here is it is not Coffins fault here folks, this is the exploration business and it will all take time, for you longs the day will come that your $$$$ will grow with this strike zone but you have to be patient that is what playing long is all about just sit back and go through all the ups and downs and believe in your choice which I think will be stellar one day by holding PEM long. GLA