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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Post by JoeKoolon May 10, 2012 12:55pm

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Post# 19895005

Capitualtion

If you believe in the project, now is the time to add more shares. The gold is there, we know that, and low grade bulk tonnage projects are more and more economical with gold in the $1600 range. Added more today at .08 in my TFSA. Is it a bit of a gamble, buying more at this level? Sure, but the whole sector is down and with infill drilling at Friday the deposit will get bigger, which is a for sure. There is options with this play, like Chrome Mountain, which mgmt. could sell to generate cash flow without further dilution. Now is the time to add to all your favourite jrs., while a lot of others are puking up their shares.

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