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Divide by the outstanding shares not after the warrants to be exercised much later. Multiply EPS X15 to be a little more conservative. That gives me about $0.075/QTR or a target of about $4.50/share. I think the silver and the added gold from the heap pads will get us back to the $5.00/share. Then add in all those additional ounces in the ground and I still want $7.50/share if they sell the mine.
In the meantime if it drifts down below $0.30 I'm going to buy some more.
I really think this is traded so thinly that we may end up with out much movement in the share price until a dividend is declared next fall.
OPEN PIT MINE.
LOBBY FOR A DIVIDEND AT YEAR END.
Karen Umland of Sa International Fund has been around for a long time and has done very well except for the big crash 2007-2008. Even then she out performed most. I am sure she is even more conservative now. Very good sign they bought into PTQ.
Petaquilla's Profile under 2602B still shows 2006-2007 information and forcasts. Don't see how that will help them. They talk about maybe getting into production in late 2007!
Would this information make you want to take time to talk to them, let alone invest? No excuse for letting this happen. When making a visit plan you generally look up the profile of the exhibitor first. This company??? OH GREAT!! THEY HAVE DONE NOTHING SINCE EARLY 2007!!! GOT TO MAKE SURE WE TALK TO THEM!!!
They are not giving a presentation or it would be posted on the web site. My guess is we won't see much until a new 43-101 comes out and/or Q3 report showing earnings for the quarter. All of the "analysts" are still projecting a loss for the quarter. Big Charts is still showing $(0.03) for the quarter and $(0.25) for the fiscal year ending 5/2010.
In a formal presentation on the mining sector in Panama yesterday by MICI,(Ministry of Commerce and Industry), Roberto Henriquez Chief of MICI mentioned again that Petaquilla Minerals, Ltd. was the only company in Panama authorized to extract gold and other metals from the earth. He further explained that is the previous administration, institutions like the National Environmental Authority, (ANAM), had policies dedicated to shutting down this type of industry. He said that Petaquilla was monitored weekly and was always in compliance with rules and regulations.
IMO there is no question but that PTQ is very high on the priority list of the current administration and they will do everything necessary to see that it is successful.
Agreed. When the new finds are validated by the independent lab and production reaches its potential this stock should say goodbye to the to the pennystock ranks and will be up listed.
"...production is more important at this point..." NOT IF YOU ARE GOING TO SELL IT AND JUST PAID A HUGE AMOUNT TO SOMEONE TO VALUATE AND MARKET THE COMPANY. Now I want $7.50/share.
IMO this is a favorable PR. It takes a while to bring a large processing plant up to speed. So far they are doing a good job. Did you read the Oro del Norte results? It is nice that it is already posted as lead story on the web site. This junior miner will be moving up to mid-tier soon, now that they can show that they have long term volumes. 200,000 oz. in 2011 would be reasonable. With efficiencies and silver that could be about $1.00/OS. Still think it will trade at $3.00 by August.
CC Hit the ask and get on board. Look carefully at the PR as to current production and Au gm/ton that will be coming into pipeline. I have no idea why no one has jumped on the few shares that are still floating out there, but the gold is real and the Source and Use of Funds Statement at year end will be a whopper. Baring a sale this should be at $10.00/share by end of fiscal 2012.
YES! GOLD!!! PR recognizes that apx. 18,000 oz. produced in Q3.(Remember they had to produce at commercial rate for thirty days prior to January 8, 2010 to declare commercial production!) When plant is completed and 5500 tons/day is processed that will be 36,000 oz./quarter!!! That is 144,000 oz./yr without heap pads and not counting silver!!!
Oro del Norte is bigger and richer than the current project and is close enough to use same plant.
Who cares about the price of the stock!!!!??? Just start piling up the ingots!!!! Sell most of it when gold is $1,500/oz. and cut me a check for my share!!! This baby will have a long life.
Just a guess, but maybe the PR will be out within the next 72 hrs. since it will be difficult for them to talk about the latest news at the PDAC without it being 'inside' information. It would make good business sense for them to be able to distribute the, "latest PR, just out this morning" hyping the company.
I had an e-mail some time ago saying that if they were going to do a Power Point presentation it would be posted on their web site. Since nothing is there I assume that was a 'no go'. Unless there has been a breakdown they must have produced at least 18,000 oz. in the third quarter.
Lojiko..Go back to post #774 in answer to your post #773...you are losing it. Get some rest...All will be well in July.
Don't know what law school you went to...e-mail is not hearsay and if posted on internet it is public knowledge and can be traced to original source.
My shares are available for 2380% increase. (i.e. $5.00 ea.)
300% IN FOUR MONTHS AIN'T CHOPPED LIVER!!!
Janet Francis, speaking for Petiquilla Minerals, Ltd, stated in several e-mails that were responding to shareholder inquiries that: (1) the first meeting was canceled because counsel was undecided what method would be used to spin off PQI; (2) the second meeting was canceled because they had decided that a plan of arrangement would not be used to spin off PQI.
Then they reported via 6-K filing that the new firm was hired to establish valuations and possible engage in marketing all or part of the company either to a large investor or to sell it.
Time to get ready for finals and forget about this stock for a couple of months!
They told us why the two meetings were canceled. They decided not to use a plan of arrangement and spin off PQI. (Period)
My guess is if it's sold you will get a PR. If not next PR is probably around April 15, 2010 when quarterly reports come out. Then maybe in July 15, 2010 when annual report is issued. I don't think 'they' really care if it trades for $0.50 or $1.00 right now. The big holders are not buying or selling and have their eyes on longer term targets. Look for it to move up substantially during the second half of April...unless of course it is sold.
They key is will it be $3.50 at the end of July? Up and down movements at this point in time do not affect the company in any manner. The very credible consulting firm is being paid big bucks to establish the value if they decide to sell. Current trading prices with the thin float mean nothing. If you are investing you should not care either.
JUST HIT $0.68 AND VOLUME IS UP TO 89,000 SHARES! That is an $0.08 move up since opening.
NEWS IS LEAKING...WHO HAS IT???
They hired a consulting firm for a $185,000.00 signing bonus plus $10,000.00 a month and expenses to establish a valuation of the company. The name is probably back in one of our posts. On the SEC filing site you can read the whole contract and they are obviously spending a lot of money to establish valuations.
Something is definitely happening, but they are keeping it close to the vest. I'll take $5.00/share no problems. Just hope they don't sell it for $0.50/share like the warrants they issued. It would be interesting to call them at their PDAC booth and ask them what's new!!
Lot's of really stupid comments and speculation on the Yahoo Board. Some guy even suggested it was due to graft and corruption in Panama. Obviously knows nothing about Martinelli Administration and the closest the writer has been to Panama is probably TJ, Mexico!
I noticed that the e-mail response someone received after inquiring about the canceled March 22, 2010 was verbatum what they said about the canceled February 25, 2010 meeting. Just the date was changed; must be word processor boiler plate.
GO BACK TO SLEEP...WE WILL WAKE YOU WHEN THERE IS NEWS!!
God only knows...and he's not telling. Value of investments doesn't foot to the pie, but is much more. I was just searching for a logical explanation of why the shares move so abruptly on very low volume. I suspect that if someone bought 100,000 shares in small increments over a day you would drive the SP $.20+. The market must be very, very small.
Sleep...sleep...sleep..watch the swinging pendulum...everything will be OK by mid July...All the big boys are holding tight.
CNBC.Com for stock, click on 'ownership'.
There are now 10 institutions and 21 mutual funds holding 80% of the OS. There is practically no turnover. The large individual stockholders probably have another 10% to 15% and almost no large blocks are traded so they are also holding. So maybe the float is only five to seven million shares or three to five million dollars of investments.
Any small news good or bad can cause the price to suddenly spiral up or down. The big holders are just patiently waiting for the mine to be developed over the next couple of years having faith in the gold deposit. The little guys are chasing the crumbs all over the floor. For what it is worth...probably one share... that is my view at this time. Could be the company wants to gather the rest of the crumbs very cheaply???
Now even I am confused. The second stockholders meeting has been canceled and there apparently is now no spin-off since it would have to be approved no matter how it was done. I think I am just going to quit following the stock. Management does not seem to be able to get their ducks in a row.
Remember that that dude Hernandez talked about how happy the government was with the way PQI acted environmentally sensitive.
Also they are already in place with their equipment and built that long road to the plant site right through the mountains and jungle.
They should be very competitive and have a track record. I would be very surprised it they did not get some of the work.
I would like to see a PR early this week. PDAC is at the end of the week and they can certainly provide a production up date for the end of the quarter, some exploration figures, and a decision on PQI. If they again cancel the meeting and don't say something before PDAC, we will be buying the company at $0.25/share!
Panama just announced an $800,000,000.00 budget over the next four years for infrastructure improvements in the western interior of the country. (i.e. roads and bridges). This is exactly the stuff that PQI is positioned to do in that area where they are already in place. Also, they speak about using companies that will act environmentally sensitive. Again, this is where PQI is in tight with the government. I cannot think of another Panamanian Company that is so positioned.
Alarm is set for July 15, 2010 Annual Report date.
Vasco Nunez de Balboa discovered Pacific in 1513...figure of speech in Panama. "Todos saben de esto desde Balboa!" Meaning many people have known for many years about the vast quantities of gold in the area. No one can really know just how much there is until it is explored.
Frankfurt is showing 555,000 shares traded this AM on Petaquilla web site and Yahoo Finance.
TOLD YOU SO! THIS HAS BEEN GENERAL KNOWLEDGE ALMOST SINCE BALBOA!
MONTHS AGO I TOLD YOU THE INDIANS MINED ONLY AS FAR BACK IN THE VEINS AS THEIR ARMS CAN REACH. FORGET THE GIRLS...SELL THE BATHTUB AND BUY MORE SHARES!
Why do you think Wells Fargo Private Client Trust has such a big stake??
My horizon was going into 2012 only before the warrants. I ignored the silver revenue. I kept the cost of production quite high @ 50% which at $1,500.00/oz. gold is $750.00/oz. when it will probably be closer to $400.00/oz to produce. That is why perhaps I was a little lazy with the 96,000,000 shares outstanding. I still think $20.00/share in 2012 is on the money. What if I am only 75% right($15.00/share)...does it matter whether you pay $0.50 or $0.75 a share now! If you look at the old analysis, Oro del Norte is a lot richer than the one they are developing now. It has been known for many years that there is a lot of gold in the area. The problem was always laws & government instability. That is past.
Everyone holding their breath. Almost no volume in Canada & unchanged...zero volume in USA @ noon. Let's open after March 3, 2010 PR at $1.00!
No. No. No. Read what you just wrote and think about the analysis of the next few years, and the state of the world and USA economies.
Do not pay off your student loans whether they be Perkins, Sallie Mae, or Private. The first two are probably capped.
Hang on to all the money you can and invest in stuff that will stand up to the inflation that's ahead! The way things are going you will be able to pay off your student loans with cheap dollars at a later date. Certainly you can make more with that money than the interest rate you are/will be paying.
Continue in school until you reach a PHD or LL.M. level. As long as they will lend...just keep taking the money and get the best education you can.
I'll bill you later for the advice!!
Let's see if I can make sense of this:
5,000 tons ore/day full production = 200,000 oz/yr.
200,000 oz. X $1,500.00/oz.(2012 Au.)= $300,000,000.00 revenue.
$300,000,000.00 @ 50% Net Profit minimum = $150,000,000.00 earnings.
$150,000,000.00/96,040,121 shares = $1.56/share earnings.
$1.56 X 15 = $23.44/share.
If you are not sitting on at least 50,000 shares sell everything but your gun and your dog...including the wife...and buy some more!
The mine is real...the reserves are real...the government is behind the project 100%...it is 100% owned. Even a blind hog gets an acorn once in a while and this is a real big one!
It's a free world...but I would not send it. Every time I have contacted Petaquilla Minerals, Ltd. either in Panama or Vancouver, Canada, I have received an accurate professional answer almost immediately. This has been whether in writing or by phone. I would think that they are waiting until the end of the quarter when they will be able to update us with the production figures for the third quarter, albeit without any balance sheet, income statement, or source and use of funds report.
What more can they say since they have told us already all of the things that they are currently working on up through the end of the fiscal year. About 45 years ago I ran a large production company in Spain and I recall that we had to maintain three sets of books because of the different laws and countries involved.
In like manner, Petaquilla must comply with Panamanian, USA, and Canadian regulations. Hence it takes a while to produce statements. Also, they must be reconciled with each other. Recall the many pages of notes that accompanied last years report. (It is still available on the SEC site.)
GO BACK TO SLEEP UNTIL JULY!!! FAR MORE MONEY WILL BE THERE THAN YOU REALIZE!! MAYBE $20.00/SHARE IN 2012! I AM GOING TO START A PAPER ROUTE SO I CAN BUY MORE SHARES.
On Yahoo the following was posted attributed to PTQ:
The meeting has been reset to March 22,2010, pending a decision as to the best mechanism to use to spin out the infrastructure company.
If the chosen mechanism is not a plan of arrangement, the meeting will be canceled. If the chosen mechanism is a plan of arrangement, we will be circulating a Management Information Circular containing full details of the plan of arrangement and proxy forms. In either case, a future news release will be issued announcing the chosen method of the spin out.
In light of the above, a distribution date has not been determined as of yet. The distribution date will be determined after the method to spin out has been chosen. We will keep people informed via news release regarding the above.
Janet Francis
Petaquilla Minerals Ltd.
Overall great news. Things are moving as planned. Expect a PR as soon as quarter is completed next week and they have some production numbers to brag about before the conference. Meeting stuff should come out the following week to allow for digestion and voting.