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 JoeKoolon Sep 08, 2010 11:48am

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Post# 17424626

Andean buyout

I've read in a couple of spots that the reason Andean buyout for approx. $1000/oz. was due to the massive land package they had and I'm assuming the deposit was still open. Keep that in mind as our drill results come in. Our land package is massive and if we can keep hitting on stepout holes along strike and use infill drilling to increase the ozs., a buyout of PEM could fetch the same price per oz. I'd like to see mgmt. add another drill or two to really speed things up. Needless to say, the next few holes to report are extremely important and I think the market is waiting on them befor epushing the SP to all-time highs. IMO.

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