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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
Post by naggedon Aug 24, 2012 6:08pm
255 Views
Post# 20258755

where to from here?

where to from here?

it dont look good, i guess those $30,$70 & $100 per share estimates sorta got lost in translation. my thoughts are that mr x is coming for 65%,do some drilling,hold the results and make an offer on the 35% he doesnt own, maybe see 30 cents again if we are lucky,extremely lucky. if we dont have good results from drilling when gold blasts off i dont see any serious money trying to push pem up and it well may linger in the depths of despair where it currently resides. all in all a wasted coupla years waiting for " the turn" while watching our sp sink into the basement. goodluck y'all.

Bullboard Posts