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 rallydriveron Jun 12, 2014 7:50pm

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Post# 22655706

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some Perspective

I agree - PEM needs to give us some profitable plan scenarios - tell us what they are going to do, as you said.
The same goes for the Idaho gold.
I could be wrong, but I dont think they have ever told us how they can make money there.
Do they need $1800 gold, $2500 gold, higher ? I dont know.
So, based on no profitable plan ( again maybe there is one I have missed ) and the fact there is minmal gold scattered all over the place ( 1/2 gm / ton comes to mind ) , I just dont think it is profitable.
The gold has been known to be there for years, yet it is still there.

Again, I dont have all of PEMS data at the tip of my tongue, if I am grossly incorrect about profitability please correct me.
These are only my opinions - from a person who is grossly disgusted by the management of this company, past and present, and all their pumpers, letter writers,radio shows etc.

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