Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Industrials Conglomerates

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

Bullboard Posts

Post by deadderon Oct 12, 2009 6:03pm

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Post# 16382478

Latest from Jay Taylor- still bullish on PEM

What’s Up with Premium Exploration?
QUESTION: Jay, what on earth is going on with Premium Exploration? The stock has tanked unbelievably!
ANSWER: I put this question to Christine
Kopr at Premium Exploration and here is what
she said:
“PEM attracted a lot of speculators into its
market; people who only cared about a quick
buck they could pick from someone else’s
pocket on sensational drill hole. Now, because
there has been a pullback on news, the general
psychology is ‘timid.’ That’s alright because the
stock is moving out of weak hands.
“Secondly, the drill results helped us complete
our private placement, but now the market is pricing in the $0.10 stock and $0.20 warrants. Going through my
list, of the 6.7 million shares, insiders took down 2.1 million, those close to the company took down another 2.0
million and the balance is held by other close hands with smaller positions (under 100k shares). From the
feedback I’m getting, I don’t see a lot (more than 1 - 2 million shares) hitting the market any time soon.
“I think PEM will tie up a decent share of the private placement at whatever the market is and get drilling
underway quickly as the drill is sitting on the property now. That should get the share price moving upwards
again. Then, I think you might start to see some of the $0.20 warrants being exercised that will bring additional
funding to the company. Upcoming shortly is a new resource calculation. My feeling is it will be a positive
change . . . and after the $0.20 warrants are exercised, this stock should be on its way.”
EDITOR’S COMMENT: Make no mistake, this is a speculative stock but we think it is an extremely
attractive one. Read back over our initial buy recommendation of June 5 and our update of July 24 (which you
can read in our June and August monthly letters, too) to see why we think this company has world-class
potential written all over it! Not only that, it has prospects of producing gold in the not too distant future, from
which it should be able to fund future exploration and hopefully minimize future dilution, to drill what amounts
to an 18+ kilometer long, highly prospective gold-bearing structure. Our suggestion to speculative investors is
that you pick up shares of this stock whenever possible at under $0.20.