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 Rockyswedenon Apr 15, 2011 3:49pm

324 Views

Post# 18439049

RE: RE: The Close

When i bought ATAC resources (v.atc) at 0,6-0,7 it was exactly the same discussions. Why aren´t it more buyers at these levels etc. When it moved above 1 CAD, the bashers were sooo sure that it would crash down to 0,6-0,7 again. When it moved above 2 CAD, the bashers were still there complaining: "How can ATAC be valued at this prices without a proper NI 43 101 compliant resource estimate? etc "

About a year later, ATAC is trading above 7 CAD. Well guys, i strongly believe that the same will happen to PEM. If they find another major gold finding along this 30 km long trend, PEM will go bananas. Don´t you think that it is MORE likely that they will find several more findings than that they have found the ONLY one (friday).

Just relax guys. Some other poster said that this is as close to a sure thing as you can get. I can only agree.

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