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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

Bullboard Posts
Comment by Rockyswedenon Sep 15, 2011 5:42pm
261 Views
Post# 19047748

RE: Re:The usual 1gpt stuff

RE: Re:The usual 1gpt stuffI haven´t posted for a while but is still around and haven´t sold a share. Tend to agree with alkyd and freedom045, seems like expectations of the Deadwood results are way to high. Some posters on this forum is hoping for 2 g/t over 200 m and James Flannigan on the Si-board is already talking about the biggest gold finding in the world in decades. Although i like positive people that seems a little bit over-enthusiastic (to say the least).

I mean Christine Kopr stated in the Korelin-interview that they are "drilling stuff they have never seen before". Immediately many people on different forums interpret that as "they are finding high grade material, supposely high grade brecchia". HELLO, was that really what she said!? To me, it seemed like she was very uncertain of the success. I would have prefered that she said "we are drilling the same type of rocks as in the friday zone". Del seemed likewise uncertain in the last interview in the northern miner. Somebody, (stonefox?) wondered what "some joy" meant (since Del believed that the cores contained some joy). Well, I certainly hope that "some joy" means a little more than 0.5 g/t over 26 m as they found on the buffalo gulch zone....To me that was "some sorrow"..

Myself hope that one or two of the cores from Deadwood show between 50-150 m of 1 g/t. I would be VERY happy (and relieved) with such a result! 

It seems like many here, including me, think that the stock price should be approx 1-1.5 CAD now (based on what they have found so far). Myself would love one, just ONE more friday-like discovery along this trend. Then the buy-out value of PEM in 1-2 years, in my opinion, should be north of 500 milj CAD (10x share price). 

Maybe i am the one that is over-enthusiastic now :) No, it seems realistic that the friday zone isn´t the only zone that they will find on this huge claim. Give me just ONE more..Please?

Best regards from Sweden. Autumn here now, very beautiful colors everywhere...

   
Bullboard Posts