Older
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I particularly like the last one!
It is the one with Petaquilla in the name. My guess is that most posters here have not given much money out of their own pocket to help those less fortunate. But perhaps I am wrong. Thanks for bringing this to everyone's attention again. I guess when you do great things a lot of people write about you. If only others in positions of power would use it for a greater good, the world would be a better place.
Fundacion Petaquilla is what I believe led Spain to award Richard the Caballero de Guadalupe Title that he received, and shares with Don Cristobal Colon de Carvajal our board memeber. You can't really put a price on such things, but I remember talking with folks in Spain the last time there, that his efforts were very effective in convincing the population to look favorable on Petaquilla efforts. I believe that this is commented on in the 2010 PR video with the local Huelva citizens and politician. You can find it on the internet.
Richard Fifer Social Programs
Many people living in Panama know Richard Fifer for his involvement within the mining industry. However, what is lesser known is the fact that he has inspired a significant amount of change within this country. Donations in the amount of almost two million dollars were made in order to use the profits from mining in the best possible way. This money has been given for the purpose of many social programs that will help young people living in this society. Good neighborhood programs are designed to help poor people find a place to live while also eliminating some of the crime problems that exist in different areas. This country is one that struggles with a very high crime rate, this leads to safety issues when people consider taking a vacation with their family. When people are scared of coming to this country, the result is a significant loss of tourist dollars that would otherwise go to local businesses. Many people have attempted to consider different solutions, but spending money on social programs is likely the best. Organizations can function as a simple way to keep children busy; this would also help them to remain off the street. The result of simply investing in these programs would be the ability to lower crime in the process.
Richard Fifer has also provided money that is intended to offer educational scholarships for people that have a financial need. Children that feel it is impossible for them to afford an education are much more likely to remain at the bottom of society. However, these social programs have been able to provide a way for millions of children that would not otherwise have a way to pay for an education. Social programs that pay for things such as books and other important tools can help children to retain hope despite dealing with some very serious problems within society. The future is about the children that are going to school today. As such, it is very important to use educational programs as a way of creating a level playing field for all of those that are currently at a disadvantage. Spending money on social programs is something that Richard Fifer has become very passionate about. In the future, these children will no longer have to suffer the horrors of poverty. Getting ahead is now simply about doing the work and getting the best possible education in this society.
You are posting to the Petaquilla Minerals Ltd. (PTQMF) board. Please keep your post about the stock and company. Do not post about other users or other stocks.
Before another mountain is made of this...
The A/P detail might be interesting, but it is really not too important. Most is owed to local large stockholders who really don't care when they get payment. Good topic for slow times is probably a fair statement. Q1 production to date is more interesting and what the investors are watching along with POG.
Maybe so much good news it overloaded!!
Darn, won't come up on my browser!!
"My friend provided some pictures so I will put them in the info box." #21005.
Must be something wrong with my equipment....
Anyone notice PTQ Web Site down this weekend?
Could not raise it via Google Chrome, Firefox, or Internet Explorer.
Not true. Period
There's a couple more thinking off hand...
Steve Ralston from Zack's of course, and Rick Rule in a recent TGR interview, not that this a really a make or break issue one way or another. I think the answers have been given over and over for many years, but that does not stop Mrs.Cut&Paste. Facts have always gotten in the way of her postulations and inventions. I like the one about "never made a profit!" while looking at Ernst&Young audited books showing ten profitable quarters consecutively!!! NOW THAT IS REAL DENIAL!!!
Good job VBgood.
I posted it on IH this morning, #21072, since no one was bothering to even read or understand the statements on the company web site.
So...as of July 23, 2013 we have official notice of profitability for Q4, FY 2013. Ironic that at the same time we had posters complaining that there was no news for "monthes"(sic). Inspite of a PR and three updates of the Corp. Pres. within the previous 60 day period.
"July 23,2013...A Consistently Profitable, Low-Cost Producer•Profitable every quarter consecutively since Q3 FY2011, with compelling multiples..."
How 'disenchufada!' can one possibly be??????
LOL!Q4 Information published 7/23/2013...
No one even notices or comments!! Really 'gotta luv' this group.
One more concern out of the way if you paid attention....
Mines & Money 2013-Australia./New Web Post.
As those who actually follow the industry know, Rick often speaks about Petaquilla and some of our largest and best informed stockholders have had such one on one discussions with him at various conferences. Conference cost is $3954.50 AUD, but you can save about $600.00 AUD if you pay by August 2nd.
Good time for those who constantly belittle our company to 'fish or cut bait', our largest stockholders will be there, along with our business partners Ernst&Young and Behre Dolbear, among others. You can be certain Petaquilla will be talked about positively in many conversations. Time to get the latest opinions first hand.
The lead speaker at the conference, is Rick Rule of Sprott, our largest stockholder.
Dear XXXX:
In a period of extreme funding uncertainty, we understand that your time is valuable, and you need to meet the maximum possible number of investors in one place at the one time. With this in mind we have got together the largest panel of investor speakers ever seen at Mines and Money Australia.
You can download the preliminary conference brochure here and investment speakers addressing this year’s event include:
Rick Rule, US-based resource investor, Chairman, Sprott US Holdings
Nolan Watson, President and CEO, Sandstorm
Kevin McElligott, Managing Director, Australia, Franco Nevada
Bert Koth, Director, Denham Capital
Pan Guocheng, CEO, China Hanking
Dr. Michael A. Berry, Chairman, Discovery Investing
Tim Markwell, Manager – African Funds, Lion Manager
David Lloyd, Head of Resources, Project Finance, Specialised Finance, Product & Markets, National Australia Bank
Mike Stirzaker, Partner, Pacific Road
Chris Corbett, Principal, Resource Capital Funds Management
Markus Grimm, Director, Hermes Pacific Capital Ltd
David Coates, Research Analyst, Baker Steel Capital Managers
Hedley Widdup, Manager, Lion Selection Group
Nicholas Mead, Partner of Investor Relations, The Sentient Group
Chen Biao, Managing Partner, Jinjiang Mining Fund, Deputy Secretary General, International Sub-Association of CMA, Chairman, Jinjiang Venture Capital
Mona Chung, Principal Consultant, Cross Culture International (CCI) Pty Ltd, China
Richard Crookes, Investment Director, EMR Capital
Yanguo Wang, Executive Vice President, China International Chamber of Commerce for the Private Sector
Sean Russo, Managing Director, Noah’s Rule
George Aitken, Director, XLX
Michael Scherb, General Partner, Appian Capital Advisory
Peter Rozenauers, Senior Investment Manager, Red Kite Australia Pty Ltd
Tony Redman, Senior Operating Partner, Appian Capital Advisory
To register for this year’s event you can:
Visit the Mines and Money Australia website
Call us on +852 2219 0111
Or email us at info@beaconevents.com and to ensure you get the best price please ensure you use your promotion code: PGKFMFN
I look forward to keeping you updated with the development of the 3rd Annual Mines and Money Australia, and welcoming you to Melbourne this October.
Kind regards,
Siobhan Corry
Conference Director
Mines and Money Australia
FROM OUR WEB SITE:
Petaquilla Investors
Why Invest
--------------------------------------------------------------------------------
As of Jul 23, 2013
PTQ: A Mining Pioneer
•Petaquilla pioneered the Panamanian mining industry
•842 square kilometres concession area in Panama 130 km. west of the Panama City
A Consistently Profitable, Low-Cost Producer
•Profitable every quarter consecutively since Q3 FY2011, with compelling multiples
•Established low-cost gold producer with cash cost of US$550-US$600 per gold equivalent oz. sold
•Heap leach process in Panama will increase production
Strong Upside Potential
•Currently annual production at 70,000 gold equivalent oz. at Molejon mine in Panama with plan to increase mine life with the Botija Abajo and Palmilla deposits
•Cooperative new relationship with First Quantum Minerals, owner of the $6.2 billion Capex, Cobre Panama copper project, next to Petaquilla’s Molejon mine
•Petaquilla’s wholly-owned subsidiary, Panama Development of Infrastructures (PDI), has US$75 million to US$100 million Aggregate and Screened Rock contract in place with Minera Panama S.A.
•Plan to spin out PDI to shareholders. Shareholders will receive 1 share of PDI for 4 shares of PTQ they own
•Geographically diverse with the Lomero-Poyatos development project in Spain and Banjas and Jales-Gralheira exploration projects in Portugal
Diverse and Friendly Mining Jurisdictions
•Panama is an established and stable dh3ocracy with historic ties to the United States, has the fastest growing economy in Latin America, and uses the U.S. dollar as its currency
•Both Spain and Portugal are European Union countries that are supportive of mining
Digi, still putting pictures in I-Box?
Post #21005..."My friend provided some pictures so I will put them in the info box."
When you get around to do some I-Box trimming...there is some really old, out of date and erroneous material in the I-box. Just a suggestion. Loji seems to have left the board, so I guess it is all up to you. I don't think he has posted since June 11, 2013.
TSX movers, gold and FQM.
The day began with news out of China that the country’s Premier, Li Keqiang, will not allow GDP growth to dip below 7%. These remarks however were in contrast to the Finance Minister’s indication a few weeks ago that GDP growth of 6.5% is perfectly acceptable. Nevertheless, resource related stocks had another great day because of this news. However, even though good news out of China is typically good for Canada, the S&P/TSX Composite (^GPTSE) still ended the day in the red, falling 13 points or -0.10%.
CN Rail (TSX:CNR) and its 3.2% decline was the biggest drag on today’s Canadian market. The company reported quarterly results after last night’s close, and even though it “beat” expectations, much of this beat was due to lower taxes and other non-operating factors. The company also guided to a weaker than expected Q3. These tempered expectations were not very well received by CN’s shareholders.
As indicated, helping to offset CN’s impact were stocks tied to the Materials sector. First Quantum (TSX:FM) and its gain of 6.6% was the biggest positive contributor on the day. First Quantum is a sizeable copper producer and copper prices were buoyed by the news out of China. The 3-month forward contract rose 1.6% on the day.
Copper wasn’t the only metal that made a move. Spot gold also climbed a shade more that $7/oz to finish at close to $1,343/oz. This provided a tail wind for two more of today’s big positive contributors – Goldcorp (TSX:G) and Barrick Gold (TSX:ABX). Each stock booked a gain of 2.4% on the day. Goldcorp and Barrick owners are eagerly awaiting tomorrow’s earnings report out of Agnico-Eagle, as it is likely to signal just how bad (or good) goldland really is right now.
Sorry I am in a meeting...
I regret posting the article. Thought someone could translate, and that most could read it. Did not expect sarcastic slander of our language with racist implications to occur. Live and learn, I guess.
Here is another one about our expansion in Panama that you can take another cheap shot at. Why didn't you do some DD, translate and post for the rest. I haven't seen any analysis from you that I recall or any effort to provide news from Spain, Panama, or Portugal. Remember more people speak Spanish than English in the world, so my post has broader appeal among the educated class.
Why don't you find out how many of the 146 applications belong to us? It is all right there in the public record if you bother to make the effort. I am done.
Saludos,
Hasta el mes de junio habían unas 146 solicitudes para la exploración de minas a nivel de todo el país
24 | 07 | 2013
Según los datos de la Dirección de Recursos Minerales del Mici, hasta junio del año en curso había unos 21 permisos para exploraciones de minas en Panamá.
/ -
Según los datos de la Dirección de Recursos Minerales del Mici, hasta junio del año en curso había unos 21 permisos para exploraciones de minas en Panamá. En el caso de las solicitudes para la exploración de minerales metálicos, a junio del año en curso habían 146. Para que a una empresa se le otorguen los permisos de exploración debe cumplir con una serie de requisitos, como una capacidad financiera y técnica. Los permisos para las explotaciones pueden tardar años en ser aprobados por la entidad correspondiente.
Petaquilla Gold exporta el oro a Canadá, donde es vendido en el mercado internacional. El producto exportado, según indicaron fuentes de la empresa, es un compuesto de oro y plata contenido en una barra llamada “doré”. Este “doré” se envía a Canadá a una refinería, en la que es separado el oro de la plata a altas temperaturas; estos productos son vendidos finalmente por separado en lingotes. El oro panameño que se produce es de excelente calidad, con una pureza de 999.99.
Los países latinoamericanos de mayor exportación del preciado metal son Perú y Brasil, y a nivel mundial son: Estados Unidos, Australia, Canadá, Sudáfrica y Rusia, entre otros.
Petaquilla news July 24, 2013.
Caída del oro repercute en el valor de las exportaciones
24 | 07 | 2013
Petaquilla Gold registra una caída en sus ingresos por la baja cotización del metal, que ronda $1,300 la onza, luego de haber llegado a $1,900 dólares. El metal dorado es el principal producto de exportación panameño, pero su comercialización sufre un revés en el mercado internacional.
Caída del oro repercute en el valor de las exportaciones El producto número uno de las exportaciones locales es el oro, la empresa que lo extrae envía el producto hacia Canadá, de ahí es vendido a otros mercados.(Bloomberg.)
Caída del oro repercute en el valor de las exportaciones El oro es fundido a temperaturas altas.(Bloomberg.)
Caída del oro repercute en el valor de las exportaciones El doré es la barra que se envía hacia el mercado canadiense.(Cortesía.)
Anterior Siguiente
Notas relacionadas
Hasta el mes de junio habían unas 146...
Doralis Montenegro (doralis.montenegro@epasa.com) / -
Comercio
623 por ciento es el incremento que han tenido las exportaciones de oro desde 2009 a 2012.
58.2% crecieron los envíos del metal al comparar los periodos de enero-febrero de 2012 y 2013.
Considerado como el metal más precioso y cuyo color amarillo resplandeciente salta a la vista de cualquiera, el oro ha sido desde 2011 el principal producto de exportación en el mercado panameño. Y aunque 2012 cerró con una baja de 0.8% en envíos a otros destinos, su posición de número uno no fue superada por los otros 14 productos que se comercializan en el extranjero.
El preciado metal cerró con un total de 115 millones 784 mil dólares en exportaciones en 2012, frente a los 116 millones 766 mil dólares en 2011. El repunte en los envíos se ha incrementado en un 623% si se compara lo exportado en 2009, cuando marcó un total de 16 millones 12 mil dólares, conforme a los datos ofrecidos por la Contraloría General de la República.
Para este año, el comportamiento en las exportaciones lleva un buen ritmo, ya que solo de enero a febrero del año en curso la comercialización marca unos 24 millones 359 mil dólares.
Conforme a estos números en positivo para el país, a nivel mundial, los precios pagados por la onza del preciado metal están en constantes variaciones, incluso se han perfilado bajas comparando precios de hasta 1,900 dólares por onza que se pagaban en 2011.
Al cierre de ayer, los precios internacionales de la onza de oro se mantenían entre los 1,334 y 1,335 dólares. De acuerdo a datos estadísticos de la agencia Bloomberg, el oro subió 70% desde diciembre de 2008 hasta finales de junio de 2011, mientras que en las recientes semanas, los analistas consultados por la agencia internacional indican que los futuros del metal cayeron 13%, un descenso significativo desde el pasado mes de abril.
Altas y bajas
Zorel Jaime Moreno, director ejecutivo de la Cámara Minera de Panamá, explicó que el comportamiento en los precios del oro son normales porque estos tienden a subir y bajar, incluso ya los analistas internacionales, según indicó Moreno, han citado que el precio por onza puede llegar a los $1,200. Entre las causas de estos comportamientos, indica Moreno están situaciones como las devaluaciones de las monedas en algunos países, sumado a lo que ha hecho la Reserva Federal de los Estados Unidos, donde ya se ha anunciado que se subirán las ratas de interés de manera que las personas se sientan atraídas por poner su dinero en los bancos en lugar de comprar el preciado metal.
La semana pasada, el presidente de la Reserva Federal, Ben S. Bernake, pronunció que el Banco Central comenzaría a reducir sus compras mensuales de bonos por 85,000 millones de dólares si la economía continuaba mejorando.
Para Rodrigo Esquivel, de la empresa Petaquilla Minerals LTD –actualmente única empresa que mantiene permisos de exploración y extracción de oro en un globo de terreno de 100 hectáreas ubicado en la mina de Molejón Gold, localizada en la provincia de Colón–, el precio del oro está sufriendo altas y bajas debido a los ajustes por los que atraviesa influenciado por la política fiscal de los Estados Unidos de América.
Impacto
Esquivel admitió que a la fecha los ingresos de la empresa han disminuido. Petquilla Gold explota alrededor de 6,000 onzas de oro por mes.
Según los informes de Petaquilla en su portal web, en el primer trimestre del año fiscal 2013 se vendieron 17,230 onzas de oro, que representan unos 25.5 millones de dólares. El costo en efectivo por onza del metal en el primer trimestre del año fiscal estuvo por el orden de los $550 a $600.
Zorel Moreno indicó que si el precio del oro llegase a bajar incluso a los $1,000, no significaría que la mina de Petaquilla estaría en mayores problemas.
“El diseño de esta mina está hecho para manejar precios más bajos de los actuales”, dijo Moreno, a lo que añadió que cuando se dan estos efectos, el sector debe estar preparado.
Esquivel indicó que la estrategia de Petaquilla Gold para minimizar los efectos de la disminución del precio del oro es elevar el nivel de producción, optimizando recursos, manteniendo el costo de producción estable y diversificando su actividad.
Exportaciones
En este sentido, el director ejecutivo de la Cámara Minera indicó que no se vislumbra un impacto masivo en las exportaciones a nivel local, ya que cuando se dan estos bajones en los precios de los metales, como en el caso del oro, las compañías buscan explotar las partes más fáciles y ricas del yacimiento de manera tal que se aumente la producción, “de esta forma se generan mayores cantidades de entradas o exportaciones, y es probable que esto sea lo que está haciendo Petaquilla Gold”, apuntó Moreno.
Ricardo Quijano, ministro de Comercio e Industrias (Mici), señaló que las altas y bajas en los precios dependen de la oferta y de la demanda a nivel mundial, pues es un mercado en el que nadie sabe lo que va a ocurrir.
Quijano apuntó que Petaquilla Gold es la única empresa que mantiene los permisos para extracción del metal; a partir de ahí, hay una cantidad de solicitudes que se han realizado para llevar a cabo esta actividad. Según Quijano, la mina de Santa Rosa, en la provincia de Veraguas, podría ser otra que adquiriría permisos semejantes a los de Petaquilla.
Trouble with trying to trade...
you can never tell a bottom until it is far behind in the rear view mirror. I have never been willing to try to do that. I have found that good fundamental growth vision with DD, buying regularly each month, doubling up when there seems to be irrational declines not validated by fundamental failure, and lots of patience seems to work. Also makes tax returns a lot easier, especially with that stupid wash sale law they put into the mix. I hope all these traders make money...they certainly earn it as I see it. Talk about risk!!! If I can get 10:1, or 20:1 as Rick Rule did during the last big gold market boom, I don't care if it takes one year or ten years. If the research is right, then the money will come, barring war or some huge macro event unforeseen and uncontrollable. Of course there were those who said automobile would never be popular, and bought buggy whip futures!!!
They have said absolutely nothing for monthes.
THIS IS PATENTLY A FALSE STATEMENT AND YOU KNOW IT!! TRUST IN GOD...OTHERS BRING FACTS!!! CORPORATE PRESENTATION HAS BEEN UPDATED MONTHLY SINCE THE LAST PR WHICH WAS ONLY 53 DAYS AGO, NOT 'MONTHES' (SIC).
THAT IS THREE COMMUNICATIONS IN 53 DAYS ALL OF WHICH WERE IN COMPLIANCE WITH TSX LAWS AND MATERIAL. OUR FULL DILUTION IS NOW DOWN TO 268,000,000 SHARES.
Petaquilla Minerals Ltd. and FQM (Akubra) Inc. (formerly known as Inmet Mining Corporation) Execute a First Amendment to the Commercial Arrangement Term Sheet
Vancouver, BC - May 30, 2013: On February 24, 2013, Petaquilla Minerals Ltd. and certain of its wholly owned subsidiaries (collectively, "Petaquilla") entered into a binding Commercial Arrangement Term Sheet (the "Term Sheet") with Inmet Mining Corporation (now known as "FQM (Akubra) Inc.") ("Inmet") and its subsidiary, Minera Panama, S.A. ("MPSA") relating to commercial arrangements (aggregate procurement, land access and use, settlement of certain claims, waiver of royalties to be received by Inmet, and camp site procurement) valued up to US$150 million.
Subsequent to the acquisition of Inmet by First Quantum Minerals Ltd. ("First Quantum"), Petaquilla´s wholly owned infrastructure subsidiary Panama Desarrollo de Infraestructras, S.A. ("PDI"), and MPSA in accordance with the Term Sheet, have executed an Aggregates and Screened Rock Purchase Subcontract for MPSA's purchase of materials valued at a minimum of US$75 million, provided that PDI meets with the supply requirements and complies with other obligations, with an option to purchase up to US$100 million worth of aggregates and screened rock.
On May 23, 2013, said Term Sheet was amended by the parties to reach additional commitments, thus maintaining the previously acquired commitments related to land access and use, and settlement of certain commercial claims, among others. This first amendment to the Term Sheet contemplates scenarios in which joint developments shall be conducted as agreed to in a Joint Venture Agreement yet to be negotiated and executed by the parties.
Finally, pursuant to the commitments contained in the Term Sheet, MPSA and Petaquilla have jointly filed before the National Land Authority of Panama (ANATI), and the Directorate of Mineral Resources, notifications and petitions whereby both parties obligate themselves to withdraw objections and to not oppose certain land and concession applications in order to satisfactorily resolve the administrative proceedings related to the lease and purchase of surface rights for the Cobre Panama project and Petaquilla mining concessions.
About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of Panama. In addition, the Company has exploration operations at its wholly-owned Lomero-Poyatos Project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.
On behalf of the Board of Directors of
PETAQUILLA MINERALS LTD.
Rodrigo Esquivel
President
FOR FURTHER INFORMATION PLEASE CONTACT:
Petaquilla Minerals Ltd.
Phone: (604) 694-0021 Fax: (604) 694-0063
Toll free: 1-877-694-0021
www.petaquilla.com
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED
THE INFORMATION CONTAINED HEREIN.
Movement due to new Corp. Pres. Friday??
Any comments?
LOL! Been involved much longer than RBFSN.
So I saw her come, get involved, lose her money, and then retreat to the only life she has left...posting on boards.
Projections sometimes take time. There is no doubt they will be fulfilled. I cannot find a single incident whether in the press, or some other form of disclosure, where management has ever predicted a Share Price in the future. Not one single example!! Personally, I hold the record, I believe, for being unable to predict share prices. That is why I do not trade, but rather invest. Much easier and yields better results, at least for me, over time. There are many large stockholders who have no interest in selling their holdings, and fully expect a $7.00-$10.00 value somewhere down the road.
Most all of the people you refer to having come and gone, were just little guys with limited timelines and cash hoping for a break. The dollar volumes traded herein should tell you that. Some were positive, some were negative, the only thing for certain is that they did not count. They did not prop up, nor tear down, management or anything else any more that your stupid, "hold management's feet to the fire", babbling. Do you actually believe that statements herein, positive or negative, affect the share price????? Right or wrong they are just opinions.
Richard does not care whether you like him, think he is dumb or smart. You see Richard does not know or care that you exist. LOL!As to a rebut about taking care of the little guy, all stockholders will vote on anything of substance and all be treated equally under the law as you well know.
The people who have come and gone, pro and con, obviously have had no effect on the company that is profitable, growing, and has a great fundamental future. Being forced to sell out at a bottom, (those of us here for a long time know the truth that you heartily try to cover), obviously shattered your life, and gave you severe mental issues that keep you posting your tripe, while claiming it is because of your huge family investments! You do not even see that dichotomy that the moderator called to your attention.
Without being able to post more than once a day, you have been effective controlled, (Props to Digi!!)and now just provide a little free entertainment to some of us. But, you can trust me...management does not now, nor ever before, even know or care that you exist. You seem to have left SH and followed some here like a little leper. But, no matter how you bleat, you are locked outside the gate.
If you wait until about 11:00PM everyday, you will have more comments and facts to rant about and provide more entertainment. Used to have you on ignore at SH because to just took up too much space and time with your idiocy...here you are more entertaining and can be view time to time when we need a good laugh.
Saludos,
A Semi-decent post should get response.
I do not see the brand being sold. However, if the reserves in Iberia do turn out to be 6-7 million ounces, with even more including San Telmo, some sort of accommodation might be in the works for FQM, and be accepted by shareholders. Petaquilla per se, is not for sale, but $0.75/share tied to a very good FQM warrant, assumption of all debts, contract production for the mill at Molejon, and a clean up of all the rights and land issues could be attractive. PDI would not be sold.
As far as taking care of stockholders, one needs to remember all the shares held by management, large stockholders, and Panamanian elite. All stockholders would be treated the same by law, so no worries there.
Finders fees have always been exactly what industry guidelines call for, so that is a non-issue.
There are many ways this could all shake out, but one thing is pretty certain. Based on commitments already made in Panama by FQM, and their historical record, anything done would be done on a friendly basis, and the vote would be recommended by the Petaquilla BOD.
I really don't believe that this is coming, but something attractive to both companies could be worked out. I just view it as unnecessary and an unneeded distraction for FQM. Just another baseless rumor to fill slow times.
that was about the time CRDY was ''thanking the people who sold him their ''cheap stock''...over a buck...
Yes indeed it was! And he has continued to purchase many, many more shares, as he invests inversely to the decline in price. When the company grows and matures perhaps others also will see that all these prices under a dollar, were great opportunities. Some have the funds available to invest. Some do not and then when there is a sector decline are left behind...although 'she' borrowed, and pumped all the way down to $0.50 when 'she' was forced out and lost everything, then the giant troll was hatched.
'Her' and 'she' are used because they are accurate. Nothing more, nothing less. There are many who know why she left Panama, which is unrelated to PTQ and would be of topic to discuss, plus disgustingly inappropriate not to be mentioned in polite circles, much less in a business forum.
It must have been a trip waiting for the clock to strike twelve, so that another daily poison post could be launched irrelevant to the company or facts of the day. LOL!!! Sort of a Dracula moment!
Have a great day everyone...free from dysfunction...but when the clock strikes twelve midnight...do not be caught upon the Dartmoor in Devon moor.....Ha! Hahahahaha.....!!!!
Doubt that helped her!
Did you have the hiccups?
Or am I just seeing double?? LOL.
Time to head out...take care of the board...be back when we have some news...all is well.
Saludos,
Me too!! Must have a little French somewhere.
July you get ready for vacation; August you take vacation. I had an e-mail a couple of weeks ago from IR confirming what you posted on the numbers. Don't remember if I mentioned it or not. Heading 'out west' USA for some cool mountain air and relaxation. Picking up my son's new airplane in northern AZ middle of the month.
All the ducks are in a row for PTQ so there is not much to discuss. We just need to sit back have a little BeerenAuslese, a little Canadian Black Diamond Cheddar, a little Chilean fruit and let the world roll by for awhile. We pay our Management to run the company and we just need to relax and let them do it. Very few companies in the sector can match our track record the last two years, and the future is even better.
As you stated many funds and large investors have rules and protocols that prevent investment in PTQ. Someday I envision our growth and maturing to move us to a 10-15 PE and out of those restrictions. Then serious money will be made by those prudent enough to have set aside a large number of shares. IMO these types of opportunities are quite rare and we are taking full advantage of the opportunity. Where there is no risk, there is no reward. Here there is obviously little downside risk and a huge potential. At least that is the way it looks to me and I have done years of deep due diligence also.
Saludos!!
No Problem...About August 15, 2013.
As you are aware there have been new industry standards adopted within the last couple of months, that recommend statements about cost be configured differently. This may or may not have a bearing.
Immediate response from IR to inquiry last week, e-mail stated that preliminary results will be published in a PR in mid-August according to current plans. In 2010,no release, 2011, June 9, 2011, 2012, July 3, 2012, there is no set time each year and a lot depends on data gathering, submission to Ernst&Young, and preliminary reviews.
As required by SEDAR, SEC, and reported by Steve at Zacks filing will be by August 31, 2013. No requirement or need to know before then. More interesting is production since June 1, 2013. There is a lot of other stuff going on that is more important and takes priority over management's time.
No point, posters can't/won't understand.
Let's take post #20926 of 07/08/13 07:09:57 PM FOR EXAMPLE! PTQ reached agreement to set up a joint board with Mitradel for a joint office to handle any HR issues. Mitradel has reviewed the actions of MP & PTQ and guess what?
Ministerio de Trabajo y Desarrollo Laboral (Mitradel) de Coclé, Eibar Castañeda.
‘La empresa hizo frente a toda su responsabilidad laboral, cumplió con sus pagos y no tenemos ningún tipo de demanda’, explicó Castañeda.
There is not a single complaint about wages, hours, or anything else. This was posted in Spanish and English. Soon thereafter flowed the posts that PTQ was not paying employees, etc., etc., etc.. Agenda driven stupidities with no facts. The posters on the board being clueless, gullible, and with bad attitude immediately jumped on the bandwagon of untruth and attacked the company and management. LESS THAN 48 HOURS FROM THE STATEMENT OF MITRADEL THAT THERE WERE NO COMPLAINTS OF ANY TYPE FROM LABOR AGAINST THE COMPANY!!!
SO YOU TELL ME, WHAT IS THE POINT OF POSTING ANY NEWS ON ANY SUBJECT? WHEN THE NEWS IS RIGHT IN FRONT OF YOU, POSTED IN SPANISH AND ENGLISH, FROM THE GOVERNMENT AND PETAQUILLA YOU JUMP OFF INTO THE LEFT FIELD OF IGNORANCE AND RANT. YOU CAN'T BE MUCH MORE TRANSPARANT THAN THE REPORT FROM THE GOVERNMENT AND PETAQUILLA OF JULY 8, 2013, NOR MORE ENGAGED THAT SETTING UP THE CHANNEL TO DEAL WITH ANY PROBLEM THAT MIGHT EVER ARISE WITH MITRADEL AS REPORTED ON JULY 1, 2013.
YOUR COMPLAINT IS JUST PATHETIC....
LOL! Flogging? OMG!! Board to Dangerous!!
One comment covers it all and hangs in a little framed sign in my office.
"THOSE OF US WHO KNOW,
ARE VERY IRRITATED
BY THOSE OF YOU WHO THINK YOU KNOW!"
So you see...some of us do know...but we are under no obligation to share anything with those of you, who have no need to know, much less to those of you, we do not want to know. I know you think you have right to know, but I know that is just not so. So, with your 'attitude' you know, you will never know, what you want to know, and I know where you can go....
Time to just sell and move on ...nothing to see here folks!
"if they are making money and recieving cash payments-then where is the money going?"
Try reading the audited financial statements along with the MD&A. They are posted on SEDAR and mailed to any stockholder requesting them.
"The Company is supposedly making money..."
Since you do not accept audited books from Ernst&Young, please share with us your sources above and beyond that standard that would cause you to cast aspersions upon the company. You must have a source above and beyond TSX, SEC, SEDAR, BCSC, that none of us are even privy to at this time!!! LOL!!!! And then just consider the source and move on folks....
Marktinvests,None, no, nada, nunca, ninguno!!
Glad you did the right thing and moved on when your own DD said this was not for you. This is what responsible investors do. However, just for fun, I had someone contact you entire list and none of the them have, or have ever had any problems with PTQ related to timing of payments. Perhaps your DD is faulty and needs to be re-evaluated. I really don't see much down side to $0.30 SP for a company that has been profitable for two years and has a forward looking PE of less than two. If you would, please share what you did not like that you saw at Molejon, and tell us the dates of your visit(s), with whom you met and discussed the future and current operations at that time. Hope you are recovering from your debacle with PTQMF. Good Luck.
If rumor was a small payment, say $0.05-$0.10.
Just a few cents now and a three or four year warrant at a very attractive price for FQM; the share price would not move, and in fact could go down. Such an offer would be very attractive to large stockholders. No taxes, a few cents to cover current costs, small cash cost to FQM now, an opportunity to cash in for large stockholders, in a few years, after Cobre Panama is in operation. No more stress about expansion, POG, etc., etc.. Time to move on to other interests. Management would become in-house for FQM and maybe a board seat.
Post #20838, my take.
You are probably right.
In the meantime there is certainly a nice cash flow from FQM and they probably have more leverage than we are aware of with PTQ. The sale of aggregate will increase rapidly over the next twelve months as construction ramps up after FQM finishes their engineering work and goes full speed ahead. The financials for PDI are already maintained separately in anticipation of eventual separation. We must be receiving about one million dollars a month already for the aggregate based on contracts already in place. There is much more in the pipeline and I have heard numbers as high as $150M to $200M eventually, just for the product. God knows, we have about 30M cubic yards of the stuff and a lot of good ore underneath it.
As long as gold stays around the current level, we are still very profitable and can cover our expansion plans, even if the time line must be spread out an extra year or two. The question has been raised as to what is the hurry to expand production, if we anticipate the price of gold to return to new highs in a year or two. Better to sell it at $2,000oz. then, than $1,200oz. now. Pay our bills, reduce our debt steadily,(A/P), and prove up our reserves. Producing millions of ounces has not done Barrick any good in this market, and I am not convinced that another 30,000 or 40,000 ounces will do anything for our share price. Our forward PE Ratio should be 7-10. It is about 2.0. So, just sit back, stay profitable, clean up the Balance Sheet, and relax. Time is on our side and the gold is safe where it is. If the Chinese or someone else in the East wants to give us some money at a good rate, with no dilution, then we take it and move forward at a faster rate. For right now there is just no hurry.
You have a good argument.
My guess though is that they will go through with the spin-out since it has been an open issue for three years. At one time a vote was even scheduled. Perhaps shareholders will vote it down, but I think it is coming since management, rightfully or wrongfully, has made it a corner stone of its policy and promulgated it to Mars and back again for years.
Not really...read the report.
Adjustment made because of drop in price of gold. Reduction in target not related to PTQ operations. If you did not understand the report, please have someone else read it slowly out loud and explain it to you. Nice to see all the good things happening in the company reported. When new NI 43-101 from LP is filed bringing all that inferred up to M&I we will probably see the target moved back up again.
Compared to the sector PTQ is doing very, very well.
TWO YEAR CHART:
GDXJ DOWN 76%, PTQMF DOWN 52%
This has to help us in Spain also.
This was a big achievement and the blessing of the United Nations has to help. For a long time the certification was posted on our web site at the same time Inmet was accusing us of pollution. Documents are on file and the Spaniards are well aware of our record.
Vancouver, BC - April 17, 2012: Further to its news release of November 14, 2011, Petaquilla Minerals Ltd. (the "Company") is pleased to announce that its wholly-owned subsidiary, Petaquilla Gold, S.A., has been certified in full compliance with the International Cyanide Management Code (the "Cyanide Code") by the International Cyanide Management Institute ("ICMI"). The ICMI was established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process.
ICMI has received and accepted a Detailed Audit Findings Report prepared by an independent professional third-party auditor, who evaluated the Company's Molejon Gold Mine against the ICMI's Verification Protocol and found it in full compliance with the Cyanide Code's Principles and Standards of Practice. The Summary Audit Report and Auditor Credentials Form are available on Petaquilla Gold, S.A.'s Signatory Page on the ICMI web site at Click Here.
The Cyanide Code, developed under the aegis of the United Nations Environment Programme, is a voluntary industry program for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. Approximately 35 gold mining companies have become signatories of the Cyanide Code, although less than half have achieved Cyanide Code certification. Petaquilla Gold, S.A. becomes only the second gold producer in Central America to be certified and the first in Panama.
From the International Cyanide Management Code web site:
Petaquilla Gold S.A. Becomes Signatory to International Cyanide Management Code
... announced today that it had accepted the application of Petaquilla Gold S.A. to become a signatory to the International Cyanide ... and Use of Cyanide in the Production of Gold (Code). Petaquilla Gold S.A., a subsidiary of publicly owned and Canada-based Petaquilla Minerals, Ltd., plans to bring its Molejon Gold Project into ...
Petaquilla Gold S.A.'s Molejon Gold Mine Certified Under International Cyanide Management Code
... Cyanide Management Institute (ICMI) announced today that Petaquilla Gold S.A.'s Molejon Gold Mine in Panama has been certified in full ... Audit Report and Auditor Credentials Form are available on Petaquilla Gold’s Signatory Page on the ICMI web site: cyanidecode.org/signatory_petaquilla.php . The operation must be re-audited every three years ...
Molejon Gold
Category: Petaquilla Gold S.A., Panama Name of Company: Petaquilla Gold S.A. Name of Mine, Production Facility or Transport ... 100% Name of Operating Company: Petaquilla Gold S.A. Operation Address/Location: ...
- See more at: http://www.cyanidecode.org/search/node/petaquilla#sthash.PYjUekUU.dpuf
Tough negotiations, excellent job, by Management!
Incorporating Mitradel with the new offices established July 1, 2013 will help buffer any labor relations problems, since it will be the government explaining the details and answering the questions.
Cese de operaciones en Coclé crea incertidumbre
RICARDO FERNÁNDEZ
periodistas@laestrella.com.pa
Desde abril se detuvieron las actividades de empresas contratistas y subcontratistas en la provincia. El impacto lo resienten hoteles y arrendadoras de vehículos, entre otros negocios
Cese de operaciones en Coclé crea incertidumbre
PUESTOS. Las mineras tienen un plan de trabajo en donde los picos de contratación juegan un papel importante. Foto: Adriano Duff | La Estrella
2013-07-08 — 12:00:00 AM — COCLÉ. En la provincia de Coclé, en especial la ciudad de Penonomé y las comunidades del distrito de La Pintada hacia los campamentos de las minas de cobre y oro en el distrito de Donoso, provincia de Colón, han logrado el auge minero laboral y comercial durante algunos años, levantando expectativas de progreso a largo plazo.
Pero desde hace tres meses, una caída de las actividades operativas de las principales empresas contratistas y subcontratistas que funcionaban en estas dos regiones, y de otras que surtían como proveedores de bienes y servicios en diversos rubros relacionados con estos proyectos, se ha reflejado en una mengua en muchos ámbitos.
El impacto es fuerte. Por ejemplo, la ocupación hotelera ahora no mantiene la estadía de los días y meses de rentabilidad. Los restaurantes y centros de recreación, antes saturados, ya no tienen la clientela de los mineros —muchos extranjeros— que generaban buenas entradas.
La renta de vehículos de tracción se encuentra en pausa. Residencias alquiladas para técnicos u operadores en Penonomé, La Pintada y poblaciones aledañas que suponían largas estadías y buenos costos, retornaron a sus dueños. La franja comercial se observa lenta y descongestionada.
También, el negocio de alquiler de vehículos —tanto para transporte de trabaja dores como equipo rodante pesado— está paralizado. Suministros e insumos de materiales de construcción, combustibles y servicios personales prácticos, además de la mano de obra, se ha visto afectada, lo que ha despertado un ambiente de incertidumbre entre los lu gareños que apostaban por mejores días.
Los desarrollos mineros se ejecutan por fases que al ser cumplidas abarcan la culminación de algunos contratos.
REORGANIZACIÓN
La entrada en el escenario de la multinacional First Quantum, como principal propietaria de la concesión de Minera Panamá, parece haber alterado los planes con los accionistas originales y, en consecuencia, el replanteamiento de los contratos y subcontratos que tenían que ver con Joint Venture Pa namá, Meco, Santa Fe y GPP, entre otros, que representaban concesiones de proyectos de diferentes obras en la zona minera.
Mientras tanto, siguen con trabajos puntuales empresas como FCC, Stracom y Sococo.
Se estima en centenares los trabajadores cesados, pero cuyas liquidaciones se hicieron en base a la ley, afirmó el director regional del Ministerio de Trabajo y Desarrollo Laboral (Mitradel) de Coclé, Eibar Castañeda.
‘La empresa hizo frente a toda su responsabilidad laboral, cumplió con sus pagos y no tenemos ningún tipo de demanda’, explicó Castañeda.
El funcionario agregó que últimamente se han registrado nuevas contrataciones en operadores de equipos, albañiles, electricistas, entre otros, lo que podría indicar que el rumbo es aún positivo.
En cumplimiento del contrato celebrado entre el Estado y Minera Petaquilla S. A. se estableció en Penonomé desde el pasado lunes 1 de julio la oficina regional especial bajo la responsabilidad del Mitradel, para atender los asuntos concernientes a las relaciones obrero patronales vinculadas a la explotación minera.
La percepción de Castañeda es compartida por Juan Carlos Rodríguez, gobernador de Coclé, quien recientemente aseguró a La Estrella que el crecimiento socioeconómico que experimenta la provincia es positivo, aunque reconoce que hay ciertas medidas que debe tomar el gobierno para reforzar los servicios básicos como seguridad, salud y educación.
Agregó que ‘apenas están iniciando las explotaciones, y esas concesiones son por más de 30 años, lo que pinta muy bien para el futuro’.
De Petaquilla se benefician al menos 1,500 personas actualmente. Inicialmente Minera Panamá informó que para el desarrollo de su proyecto requeriría unos 12,000 trabajadores, ‘lo que representaría la contratación completa de los habitantes de por lo menos tres distritos’, dijo Rodríguez.
Cease operations in Cocle creates uncertainty
RICARDO FERNANDEZ
periodistas@laestrella.com.pa
Since April halted the activities of contractors and subcontractors in the province. The impact resent hotels and car rental companies, among other businesses
Cease operations in Cocle creates uncertainty
POSTS. Miners have a work plan where recruitment peaks play an important role. Photo: Adrian Duff | The Star
07.08.2013 - 12:00:00 AM - COCLÉ. In the province of Cocle, especially Penonomé city and district communities of La Pintada to the camps of the copper and gold mines in the district of Donoso, Colon province, have achieved labor and commercial mining boom for some years, raising expectations of long-term progress.
But for the past three months, down from operating activities of the main contractors and subcontractors who worked in these two regions, and other that supplied as suppliers of goods and services in various items related to these projects, has resulted in a decline in many areas.
The impact is strong. For example, hotel occupancy now not maintain the stay of the days and months of profitability. The restaurants and recreation centers, before saturated, customers no longer have the miners-many foreigners-that generate good entries.
The drive car rentals is paused. Residential rented for technicians or operators Penonomé, La Pintada and surrounding towns which involved long stays and good costs, returned to their owners. The commercial strip shows slow and uncluttered.
Also, the car rental business for both transport-ers work as heavy-rolling equipment is paralyzed. Supplies and materials of construction materials, fuels and practical personal services, plus labor, is affected, which has sparked an atmosphere of uncertainty among mo gareños who bet for better days.
Mining developments phased run to be met include the completion of some contracts.
REORGANIZATION
The entrance on the stage of the multinational First Quantum, as principal owner of the granting of Minera Panama, appears to have altered the plans with the original shareholders and, consequently, the restatement of contracts and subcontracts that had to do with Joint Venture Pa ama, Meco, Santa Fe and GPP, among other concessions representing different works projects in the mining area.
Meanwhile, continue with business as FCC off jobs, and Sococo Stracom.
It is estimated that hundreds of workers laid off but whose settlements were made based on the law, said the regional director of the Ministry of Labor and Workforce Development (Mitradel) of Cocle, Eibar Castaneda.
'The company faced all their job responsibilities, meet its payments and do not have any kind of demand, "said Castaneda.
He added that lately there have been new hire equipment operators, masons, electricians, among others, which could indicate that the course is still positive.
Pursuant to the contract between the State and Petaquilla S. A. Penonomé settled in since Monday July 1 special regional office under the responsibility of Mitradel, to address issues concerning employer-employee relations related to mining.
Castaneda perception is shared by Juan Carlos Rodriguez, governor of Cocle, who recently told The Star that socio-economic growth experienced by the province is positive, while recognizing that there are certain steps you should take the government to strengthen basic services such as security , health and education.
He said 'farms are just beginning, and those awards are for over 30 years, which look good for the future'.
Petaquilla benefit at least 1,500 people currently. Minera Panama initially reported for the development of your project would require about 12,000 workers, 'which would represent complete hiring people in at least three districts, "said Rodriguez.
Petaquilla Reception 5:30PM 9/23/13 Denver Gold Forum.
Most probably invitation only. If you have not been invited to the Forum you may petition for qualification on their web site. This is for serious professionals and investors.
Denver Gold Group (DGG) Forums are invitation-only investment conferences attended by the world’s leading publicly-traded precious metals companies. DGG has been matching companies with investors since 1989.
Registration is by invitation to qualified institutional investors, equity sales professionals, securities analysts and accredited press.
DGG Forums are not open to investment bankers, marketing and investor relations firms, corporate finance, and service companies at the request of our members.
Habitual posters complaining constantly about management and company are automatically not qualified as accredited press.
Investors must hang their hats on DD.
Also have confidence in the management of the company, their expertise, integrity, etc. If you don't have that firmly in your grasp then you should never be invested here. Time to just sell and move on...