TSXV:PEM.P - Post by User
Comment by
Elevatoron Oct 16, 2013 7:30am
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Post# 21818966
RE:oil
RE:oilI tried to get Oiltar to bet me that PEM would be delisted, me in the will be delisted camp. He posted some vague info about the gold is there so the stock will be heading higher.
That was the a tip off.
PEM has never proven any gold other than indicated and inferred mineralization. That is uneconomic to produce by definition of the CIM.
NEVER BUY SHARES IN A COMPANY THAT DOES NOT HAVE MEASURED GOLD RESOURCE as a minimum.
Inferred and indicated oz. rarely become reserves. And never buy shares in a company who spends $750,000 on travel.
Hate to say it but this was an obvious scam. All one had to do was read the financials. Somehow I bet most investors here did not do that and just took someone else's word.