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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Post by Privatemoneyon Jan 21, 2010 12:31am

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Post# 16702616

possible institutional funds involved

After studying the way the stock is traded and the volumes, we are now completely convinced that several funds and institutions are heavily involved. with there benchmark at 50 cents. it did not trade 1.3 plus million retail . THIS is FOR SURE.......not on a day like today. this is actually really really good news for PEM. give it some thought.
today was a bad day for gold, which is already rebounding in Asia. PEM faired really well. linstitutions and others stepped ln is our assumption, as we know often 50 cents is a major bench for big buyers......who buy in small drabs. ie not to demo their invisible but existing benchmark.
this stock has really hit bottom at 50 cents.
bought a few more today. happy to see gold going up again.
private money

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