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.

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Penbar Capital Ltd

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Comment by hotdogoldbugon Feb 09, 2011 4:48pm

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Post# 18104829

RE: From the Dundee write-up

Nice pop.
The resource est is based on the cut off grade of the orig 43-101 we hope but if it is lowered later after the release and a few more long intercepts and nr's to say .3 or even .2 the Oz would then double and then not impact the sp negativally but pop it. If gold stays at $1100 or above those cut off would be reasonable for open pit.

Way too far ahead I know but I wont let go of my shares for some time. I can afford to hold but cant afford to sell so to speak.
Things to do till next week so have fun folks.
glta

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