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 Jun 05, 2012 9:44am

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Post# 19980551

Cash a problem?

I have bought more at these depressed prices, but I'm a little reluctant to add even more because what happens when they run out of cash during the infill drilling? I've read a number of articles that state a lot of juniors will sit and do nothing to preserve what little cash they have on hand, or a number are not going to be on the scene a year from now, as raising cash in the market is very difficult in this current environment. What will PEM do when the kitty gets down? Has mgmt stated what their plan is to be able to move forward and finish infill drilling and at least get the lab results? Any word on the sale of Montana, or what is happening with it at least?

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