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 Aug 16, 2012 10:14pm

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Post# 20227653

RE: RE: Indicated ozs more than doubled

i think the previous report got a 40% haircut albeit the new report has tougher standards . will it crash further because of the loss or rally, who knows . at least its behind us and with lots of luck we may be able to drill it back up to the previous level but the 2 million oz goal is a long way off, a 200% increase from here. now we know why everyone bailed. where are the bagholders who thought the original oz's would be increased with the latest report? imho this is done.

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