Penbar Capital Ltd V.PEM

Why PEM is the real deal

[prospector7]

This is Del's baby for millions of reasons. He worked with Wilf bless his soul and they both new the potential of PEM and the huge strike zone. The only reason Kinross sold is because POG was low.
Del has a huge vision and won't sell because he knows what is a stake here and so do a lot of fund managers.
Junior mining is no different than any other business you make an outline of your Vision statement, goals, objectives etc.
Del has had a lot of offers over the years for JVs etc, and has turned them all down. The one he liked was the plan Dundee offered PEM a couple years back. Which was to invest heavy into PEM via PPs etc. to get lots of $$  to do drilling on this huge strike zone.
What did they find out a much larger area than anyone could imagine with mineralization at depth in most holes.
When a junior does this and has a lot of time and energy invested in already, the last thing you want to do is sell.
Play B kicks in when you have figured out the width and length which PEM has done to a T.
Back to the Vision you have and you realize you made a good decision by not JVing it out and letting an investment houses do the work for you, by putting $ into your play via PPs.
I was very happy when Fraser Mac came out with the price target. Then I heard an important person went down to the claims when the first 2 holes were drilled, Right after that Fraser Mac loaded up huge in the 60s.
PEM gets tighter and tighter held in good hands that are in for the long haul.
For Del to sell right now or make a deal would be like selling his own family, why on earth would he sell, PEM is his baby along with his devoted crew who hold onto their shares and never sell them.
When you figure you have done a good job and have, maybe the next Carlin trend, you plan for another year of getting the numbers up higher. For the simple fact it isn't dilution if you have one of the very few juniors on this planet that are going to become a mine one day. You want lots of shares out to make a lot of $$ for the institutions that believe in PEMs unglaciated 28km or longer strike zone. This is why these Institutions hold a stock like PEM for a very long time, their belief is the same as Dels in for the long haul because it ends up being huge $$$.
Just about everyone involved in News letters etc, has said gold could hit $5000 an ounce. The main reason why is because the US is broke and the only way out is for them to claim Bankrupcy, the American way. When The Pound Sterling fell years ago it lost 90% of it`s value.
The USD will not be the world currency for much longer especially when they get down rated credit wise.
I want my $$ in a company like PEM when this happens. In the 80s gold went crazy because of inflation. Last year India`s inflation was 26%, our stats are manipulated huge, we all know when the real figures comes out on inflation, gold will pop, interest rates will go up and gold will pop again, just like it always has period. Oh yeah just to keep the record straight I`m a member of Coffins group and he gave us a heads up about PEM at .08 Tks Coffin and everyone else on these boards for your support. GLA P7