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 naggedon Mar 06, 2012 9:24am

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Post# 19632004

RE: Todays Globe

i guess you could say they have the " midas" touch, with almost 6mm ounces drilled off as of last years 43101 (sprring 2011) and another years drilling in the bag waiting to be released . the shares outstanding reqiure some respect also considering the resource estimate. 100mm shares at 4 bux for 6mm ounces, around 65 dollars per ounce, not too shabby. what are we worth with our shares and resource, 20/21 dollars per ounce, roughly 1/3 of what the market values midas's per/ounce but then again they are years ahead of pem. the best i see based on the current valuations and no earth shattering news would be .45/sh for pem. are my calc's wrong anybody?

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