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Petaquilla Minerals Ltd. (PTQMF)

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Last Post: 9/16/2014 8:37:56 PM - Followers: 91 - Board type: Free - Posts Today: 0


BNN Interview with Petaquilla Minerals CEO Joao Manuel
 (16 OCT 2012)

BNN Interview with Inmet CEO Jochen Tilk (02 NOV 2012)
First Quantum concerence call (07 May 2013)  Check minute 29 of Q&A

As of August 2013
Issued and Outstanding 222,230,161 Corporate Website  
Options 10,385,115 PTQ on Mining Almanac
Warrants1 32,157,600 Corporate Presentation
Finder 3,137,496 NEWS!!!
FULLY DILUTED 268,010,372  
1a small amount is convertible for 1.3 shares per warrant

*This page is maintained by independent investors and is in no way officially affiliated with Petaquilla Minerals.  
Petaquilla Minerals is not responsible for the information contained herein. Information provided by the independent investors  could contain errors.



 

Credit:

Photos of the sites are courtesy of:
- The publisher of a great German investment newsletter.  He visited all 3 sites
- DigiTech Strategy that visited Panama and Spain
- Petaquilla, from their public corporate presentations

Data and some of the photos are from Petaquilla corporate presentations and Sedar fillings

Comments are IMHO and could be wrong

Do your own DD

 

Historical O/S and Market Cap
Issued Fully Diluted Date BoD Control
of Shares
Market
Cap
- - 20071 - $305M
- - 20081 - $35M
120,040,121 162,287,819 2009.12.14 3.7% $80.1M
125,281,951 168,394,447 2010.08.10 11% $51.9M
137,901,951 168,455,160 2010.12.10 12% $157.9M
175,823,251 234,533,916 2011.02.25 12% $205.7M
176,429,501 233,610,366 2011.07.18 12% $127.0M
221,114,726 283,114,152 2011.09.22 12% $158.1M
221,164,726 275,258,295 2011.10.20 12% $143.8M
221,519,593 273,822,716 2012.05.18 12% $75.3M
221,863,781 271,613,114 2012.09.14 12% $149.8M
1 Historic market cap information found at Morningstar.com

Regulatory Filings:

SEDAR (Canada)  |    EDGAR (USA)

Transfer Agent (TA): Computershare - (800) 564-6253 

Quarterly Structure

Quarter Months Report Date
Q1 June - August OCT 15
Q2 September - November JAN 15
Q3 December - February APR 15
Q4 March - May AUG 31
Annual1 All Quarters Combined AUG 31
1 Indicates audited financial statement



 


Petaquilla Minerals Ltd is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and selected acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama - a region known historically for gold content. The Company received its operating permit from the Government of Panama on November 18th, 2009, authorizing the Company to proceed to commercial production of its 100% owned Molejon deposit. The Company achieved commercial production on January 8th, 2010, after having run its operations at an average of 70% of its normal capacity for a consecutive period of 30 days.


Petaquilla is developing a large project in Spain  and in Portugal (to be updated)

Petaquilla Minerals Ltd. ("PTQ") intends to distribute to its shareholders one share of Panama Development and Infrastructure Ltd. ("PDI") for each four shares of PTQ held on the record date for the distribution.   Distribution of PDI will be effected by way of a Plan of Arrangement or some other tax-efficient mechanism. Transaction is subject to all requisite shareholder and regulatory approvals.   Petaquilla Minerals expects to announce the record date for PDI spin-out by the end of the year.


Projects Location


 







Production Growth







Resource profile


      



                    

                                                                      Spain resource









Historic Au Production and EPS
Quarter Mined (ozs) Poured (Eq-ozs) Sold (Eq-ozs) Realized Price (USD/oz) Cost (USD/oz) EPS
Q1 2011 17,963 10,738 12,390 $1,206 $729 (0.05)
Q2 2011 24,330 15,268 13,320 $1,328 $640 (0.06)
Q3 2011 18,566 12,825 14,064 $1,377 $627 0.01
Q4 2011 25,302 16,735 14,843 $1,472 $525 0.03
FY 2011 86,161 55,566 54,617 $1,348 $625 (0.03)
Q1 2012 33,203 18,014 17,987 $1,508 $554 0.03
Q2 2012 37,056 18,100 16,297 $1,592 $557 0.03
Q3 2012 36,304 14,163 13,040 $1,520 $633 0.02
Q4 2012 31,590 17,725 15,546 $1,617 $612 0.02
FY 2012 138,153 68,002 62,870 $1,640 $574 0.10
Q1 2013 36,713 17,882 17,597 $1,595 $524 0.02
Q2 2013 25,865 20,025 17,905 $1,724 $444 0.01
Q3 2013 22,367 18,013 14,598 $1,647 $637 0.07
Q4 2013            
FY 2013            
NOTE: Values in italics are estimates based on company forecasts or analyst research. 




Molejon Resource estimates
 

Based on the pre-feasibility level design work completed and reviewed, the authors believe there are approximately 15.3 Mt of gold and silver reserves that can be produced averaging 1.30 g/t gold and 2.05 g/t silver and recovering approximately 586,000 ounces of gold and 711,792 ounces of silver. In addition, the pit contains 36.8 Mt of aggregate reserves which should yield approximately 29.4 Mt of saleable aggregate products after crushing and screening.  Behre Dolbear believes that the mine will be able to produce the projected 643,000 ounces of gold and 1,008,693 ounces of silver




 

 


 

    


 

Corporate Organisation





 


 

Latest Financial Performance


                                                     




                                         

 

Forward Gold Purchase Agreement

On September 22, 2010, the Company entered into a Forward Gold Purchase Agreement ("the Agreement") with Deutsche Bank, AG ("Deutsche Bank"), in an amount of $45,000,000. Under the terms of the Agreement, the Company has sold to Duetsche Bank, a Contract Quantity of Gold being 66,650 ounces.

In addition, should the gold price be in excess of $875 per ounce, the Company will receive from Deutsche Bank, an additional gold payment amount equal to the product of the monthly quantity of gold delivered in that month and the amount by which the gold price exceeds $875 per ounce, limited to $415 per ounce.

 


 

Mining Investor's Toolbox:

Mining Valuation for Beginners

In Situ Valuation Calculator

In situ valuation (quick and dirty, doesn't take into account a number of important factors):

  • Buy below 10% of in situ mineral value: (Mineral value * 0.10) / shares outstanding
  • Sell above 40% of in situ mineral value: (Mineral value * 0.40) / shares outstanding

Basic Valuation:  EPS * 10 = Target Price  ... EPS = (revenue - costs) / shares outstanding

Advanced Valuation: DVM's valuation ratio = [stock price x (basic shares outstanding + in the money derivatives assuming exercise + newly issued shares from financing) - working capital - cash from in the money derivatives assuming exercise - cash from newly issued financings + major capital cost items if applicable] / gross profit

Target price = cash flow multiple / DVM's valuation ratio x stock price









 

 


 

Panama Project
 



The project area is located in the District of Donoso, Province of Colon, approximately 100 kilometers west of the Panama Canal on the Caribbean Coast. Petaquilla Minerals' land holdings are situated in the perfect position to ship concentrate at low cost to Europe, Asia, and North America. 

The combined project area comprises 795 sq km on tide line. The plant site and open pit is serviced by a new road built to a 70-tonne specification.

Project tenure is secured by 'Ley Petaquilla', a project specific mining law that gives the two companies secure ownership, in three renewable phases, for a total of sixty years. 







 
 

                                                         Petaquilla Projects                                                                                       First Quantum Project







Molejon Aerial view


 






Molejon Mine Mill Layout















            

 

                                                                                                             PDI office at the Molejon mine entrance                                            Heap Leach Pads on the left.  Molejon mine pit in the background





            


Heap Leach Pads  The large one is being loaded                                                                     Loading of the main Heap Leach pad



                      



The heap leach Process
  




                            
      

                                                                    Loading of the main Heap Leach pad                                                                                                             Molejon Mine Tailings


 

          


 

                                                       PDI crushers for aggregate                                                                                                                                     The 4 ball mills


 



FQ By-pass road contruction
The road will go to the FQ mine and to the new Caribbean port 30km away





FQ by-pass road construction behind Molejon mine


 









Petaquilla Spain Project


     



                                                                                                                     Petaquilla mines and  neigbours                                                                                                              Spain Pyrite belt




 

                  

 

                                                                                                                                          Lomero Poyatos head shaft                                 San Telmo open pit mine (to be drained)



 



Lomero Poyatos property  (on the left is San Telmo)






 

 


Lomero Poyatos underground view  



     

Phase 2 of the drilling campain. 
16,000 meters using 5 drilling rigs 24/7



 





Petaquilla Portugal Project









 


Almada Mining SA in Portugal.

Almada Mining SA is located in Portugal and is 100% owned by Petaquilla Mineral.

The Bania mine is on 5.12 km2 land and the total exploration rights area of the Banias project is 117km2.

This area was mined during the Roman empire. No resource estimate has been done but samples from the mine yielded as much as 523gr of gold per ton. Of course the average will be a lot lower than that (around 5 to 10 g/t) but most of it is "free" gold so no need for a mill. A bunch of shaking tables will do it.

18 holes over 5,000 meters are being drilled to get a resource estimate.

The mine is approved for a trial period of 150,000 tons a year for 3 years. Yes, get you calculator and use 10gr per ton just for fun.

Capex is about $5M and the mine could be in production 9 to 12 months from now. One nice thing is that there is no need to dewater the mine.


The company has another project in Portugal it is the Jales project 120km away. I do not have a lot of data about that one. Bania is the one to concentrate on right now.

Here are a few pictures of the mine



 

                                                         



Almada Mine entrance                                                          Almada mine location





   



Samples showing "free" gold



         

Storage of cores from drilling



                                  





Visible gold inside the mine





 


DISCLAIMER:  Opinions expressed on this board are only people's opinions. Neither I, nor any moderator or assistant of this board, is a licensed broker. Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. DO YOUR OWN DUE DILIGENCE before buying or selling ANY SECURITY.

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Wiki
PTQMF News: Report of Foreign Issuer (6-k) 07/22/2014 05:03:27 PM
PTQMF News: Report of Foreign Issuer (6-k) 07/09/2014 06:00:53 AM
PTQMF News: Petaquilla Minerals Ltd. Announces Lifting of Encumbrances and Production Profile 05/27/2014 04:00:00 PM
PTQMF News: Petaquilla Minerals Ltd. Announces Lifting of Encumbrances and Production Profile 05/27/2014 04:00:00 PM
PTQMF News: Report of Foreign Issuer (6-k) 05/19/2014 06:01:26 AM
PostSubject
#25876   When are they going to update the web ratherbefishin 09/16/14 08:37:56 PM
#25875   Ah,but their pay checks went out on time ratherbefishin 09/16/14 02:31:47 PM
#25874   We know for damn sure none of the jalbiglog1 09/16/14 12:25:16 PM
#25873   I suspect the only thing these guys have ratherbefishin 09/16/14 12:21:22 PM
#25872   I guess their responsibility to get paid supersedes jalbiglog1 09/16/14 11:41:02 AM
#25871   These boards act with their own set of badge792 09/16/14 11:30:45 AM
#25870   The BOD has a fiduciary responsibility to act ratherbefishin 09/16/14 11:08:28 AM
#25869   The BOD is compromised of people Fifer chose jalbiglog1 09/16/14 09:25:27 AM
#25868   We can jump up and down all we ratherbefishin 09/15/14 07:22:33 PM
#25867   Sucking the company out of $. I would bobby1231 09/15/14 04:50:05 PM
#25866   HOY POR HOY bobby1231 09/15/14 04:20:42 PM
#25865   Dubious reporting from LaPrensa at best. We can Fmeg 09/15/14 03:36:15 PM
#25864   Carefully,they'll put you no 'ignore'for 'poisoning the board' ratherbefishin 09/15/14 03:25:57 PM
#25863   Where is the pulse? enlighten us please bobby1231 09/15/14 03:23:27 PM
#25862   I understand and appreciate the part about the badge792 09/15/14 02:10:16 PM
#25861   I would not be so sure. DigiTech 09/15/14 12:51:50 PM
#25860   To all the promoters of the POS.....GFY ! badge792 09/15/14 12:27:15 PM
#25859   WE ARE FINISHED. Goodnight and so long badge792 09/15/14 12:20:05 PM
#25858   Adrian was the name of the company before ratherbefishin 09/14/14 10:20:22 AM
#25857   RBF....can you tell me what happened to Adrian badge792 09/13/14 11:54:43 PM
#25856   I see it setting up for consolidation and ratherbefishin 09/11/14 04:43:18 PM
#25855   Well so much for gold this month even badge792 09/11/14 10:29:07 AM
#25854   4.4 cents a share.....huge opportunity,just huge...... ratherbefishin 09/10/14 12:17:45 PM
#25853   Couldn't see any activity?course not,I suspect ,the only ratherbefishin 09/10/14 10:35:56 AM
#25852   So, it's all shut down it would appear. jalbiglog1 09/10/14 09:54:32 AM
#25851   Is it really surprising though ? So badge792 09/09/14 10:42:45 PM
#25850   Recently flew over the mine and there was PTY-BUAY 09/09/14 10:04:24 PM
#25849   My guess is any money available will be ratherbefishin 09/09/14 09:04:31 PM
#25848   Carl, thank you for the slide show. badge792 09/09/14 08:54:06 PM
#25847   So today I took a little ride out carlosc 09/09/14 08:37:21 PM
#25846   End of Sept......thanks for all the replies. badge792 09/09/14 07:18:06 PM
#25845   What drove them to the hills?-Perhaps they ratherbefishin 09/09/14 01:18:27 PM
#25844   Ok, so no one answered me before so badge792 09/09/14 09:57:43 AM
#25843   What do we know for sure? ratherbefishin 09/09/14 08:55:32 AM
#25842   That's my point!!! What do we know for likethesun 09/08/14 09:15:54 PM
#25841   The only problem is WHO in their right jalbiglog1 09/08/14 02:17:20 PM
#25840   Looks like my stink bid as well as Progafa 09/08/14 01:19:55 PM
#25839   Who says they are operating ? And that badge792 09/08/14 12:26:23 PM
#25838   The HL isn't operational yet and probably won't jalbiglog1 09/08/14 12:20:46 PM
#25837   Don't know if HL working at all since likethesun 09/08/14 12:01:32 PM
#25836   US sounds like it is someone dumping their JustForFun7 09/08/14 11:46:16 AM
#25835   Shares are down 30% today...how much more of jalbiglog1 09/08/14 11:19:54 AM
#25834   640 000 ish badge792 09/08/14 11:18:28 AM
#25833   Price of gold has been down for last likethesun 09/08/14 11:10:54 AM
#25832   I am not "in" right now but I JustForFun7 09/08/14 11:04:51 AM
#25831   Any news (other than PTYgold) around? Sp dropping likethesun 09/08/14 10:53:13 AM
#25830   Certainly looks like others are throwing the towel jalbiglog1 09/08/14 10:50:25 AM
#25829   Come on, grow a pair and bring something Fmeg 09/08/14 09:56:01 AM
#25828   And therein lies the problem. We know badge792 09/07/14 11:57:32 PM
#25827   That would be great to eliminate Fifer without bobby1231 09/07/14 11:32:36 PM
PostSubject