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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Comment by jrock83on Jan 06, 2011 3:15pm

260 Views

Post# 17934744

RE: RE: RE: Personally

Exactly. While the Venture has been killed this week and commodities have been rocked as well, PEM has maintained that 47 cent level pretty well. Mines were not built over night nor on single exceptional drill results. My personal opinion is buy anything around 46 cents for long term and in the mean time, trade the 42-52 range for short term. Even today we have had ~5% swings that people can make money off of.

At the end of the day though, I would make sure you do own some shares as even with the number of shares outstanding, Premium trades very illiquid, and can quickly move up. I wouldn't want to be without shares over this next quarter to half a year, that's for sure. Lots of news around the quarter and I anxiously await the results from the 43-101.

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Cross border trading in Canada and Australia