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In regards to Zacks projections.......wasnt that supposed to occur before the end of THIS calendar year ? Well im going to go out on a limb and say that by the end of DEC, we will not be anywhere near the forecasted numbers. On another note, I wonder if PDI will be brought up at the AGM but Im not holding my breath for anything.
Well if there was a time to shed some light as to what happened during the HT, updates such as HL, 4th mill, PP, etc etc, the proper platform will be in TWO days. However, personally, I am never completely satisfied with AGMs as sometimes you leave having more questions then when you arrived ! Maybe this time it ill be different.
laestrella.com.pa | News | Panama
FLOODING OF 25 NOVEMBER
Henriquez said damages and victims are higher than expected
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Flooding in La Chorrera Photo: Courtesy
11/26/2012 - 9:24:00 AM - The Presidency Minister, Roberto Henriquez, who on Nov. 25 said it was in the ability to cope with the situation recorded by bad weather, on Monday, 26 November, acknowledged that the damage and the number of victims during the floods and landslides in Colon and Panama West, are higher than expected.
About the Cabinet convened by the President of the Republic, Ricardo Martinelli, to call a special session in the National Assembly, in order to get a loan to help those affected, Henriquez said in FOX reports that the meeting will be held at noon to assess the extent of the damage.
The Minister said that the meeting will analyze further the need to pass a budget waiver, which would raise the maximum deficit allowed by law, in order to cope with a situation that has been dramatic.
According to reports from satellites, weather system that affected the Caribbean and has been cleared, said Henriquez, so it is expected that in the coming hours intense rainfall is moderate. This will immediately begin the process of reconstruction, he said.
Keywords: Henriquez, victims, damage
Local
Begin cleanup in western Panama
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Inglés version
Prensa.com Special / Eric Ariel Montenegro
Related articles:
Three killed by bad weather in the country; ...
Disaster and Emergency
Cleaning tasks by the residents of the slums in western Panama, affected by floods and occurred Sunday, began early Monday. Although, they are waiting for the help they provide, especially in cleaning implements.
In Hato Mountain, administrators of a mall also began clearing mud and debris with the help of employees. At this point, the owners of the vehicles were in the parking lot came to withdraw, to which had to hire cranes.
The Regional Director of Health, Eric Lopez, said Monday it would begin to inspect the aqueducts and septic tanks overflowed. Lopez also indicated that they would be delivering chlorine and cleaning supplies to affected families.
In addition, the Municipality of Capira began this morning to carry dry food, water and clothes to the village of Los Sotos Cirí; performed a similar task yanibel Deputy Abrego.
In this mountainous township, the representative said Andres Castillo roads and vehicles about rivers steps "have been severely affected."
In the Municipality of La Chorrera, volunteers support with donations in a collection center was enabled here. Marisin Herrera, volunteer coordinator, said they are conducting a survey to find out what the needs of each family and, on that basis, are offered help.
In addition, you will find two more collection centers, one in the church of San Francisco de Padua and one in the House of Culture, where the Active 20-30 Club Panama Chapter West provides assistance to victims.
HENRÍQUEZ: 'the damage is greater than we had INTENDED
The Presidency Minister, Roberto Henriquez, said Monday that the damage by bad weather "is greater than we had expected" in the beginning. Henriquez said yesterday, Sunday, was the ability to deal with the situation recorded by bad weather.
However, subsequently announced the collapse of a section of 50 meters on the road Transístmica and two missing. However, today reported that private initiatives, in all its aspects and the relevant institutions, welcome and necessary.
So, the Cabinet will meet at noon on Monday, November 26, to assess the extent of the damage. There will also if necessary "to pass a budget waiver, which would raise somewhat the maximum deficit allowed by law, in order to cope with a situation that has been dramatic," said Henriquez, on FOX Report.
In turn, the Minister announced that, according to reports from satellites, weather system that affected the Caribbean and has cleared. As expected in the coming hours intense rainfall should subside. This will immediately begin the process of reconstruction, he added.
Meanwhile, the Panama Canal Authority (ACP) has released the decreased levels of rainfall in the basin and in the lakes of the Canal. In view of this, we have reduced discharges into Gatun and Madden dams.
The ACP asked the communities located in the banks of rivers and reservoirs of the Canal, as well as the general public, continue with warning measures.
Reported that maintains a team of Hydrometeorology, Operations and Security monitoring 24 hours a day the behavior of rainfall and its impact on lake levels Canal, according to a press release.
BUILDING PERMITS
Minister of Housing and Land, José Domingo Arias, said flooding in the areas of CV and Resume are an opportunity to determine if they have violated the rules regarding building permits.
According to the Minister of Housing and Land, although bad weather has had a major impact on the population, look for evidence of possible violations of building permits.
For example, in the province of Colon, Arias recalled that historic rain has fallen, four to five times more than normally falls.
In the area of Nuevo Arco Iris, where 11 houses collapsed due to the amount of water that has fallen, and that made ??the land yield, were evacuated to the people who were close to the project for safety, Arias said in FOX Report.
Another issue that explained the head of Housing and Land, was that the quality of housing in the project, which were delivered six months ago, is good, since the houses were moved and not entirely destroyed.
In this regard, said that the record of housing construction has all the layers of compaction tests passed. "We're trying to find what it was that caused this," he added, in the morning news.
Trans-Isthmian Highway, impassable by landslides
The road is still blocked Transístmica because of landslides in recent days. Following these events, the National Civil Protection System asked the drivers using the Panama-Colón.
The Government has reported that managed the free use of this route for damages suffered Transístmica, in the area of ??Quebrada Ancha. Meanwhile, during the morning of Monday, November 26, is expected to resume the rescue of two people, German and Fernando Jorge Johnson, who are part of the Red Cross, by the Quebrada Ancha sector.
And yesterday, Sunday, a pick up of the Red Cross had an accident. The search efforts were suspended at 2:00 am Monday.
The Chief of the Fire Department of Panama, Tuñón Paul said this morning that he was waiting for the machines to do the earthwork at the point where the accident occurred.
He acknowledged that it is difficult to reach the place by the "rugged terrain". To proceed with the rescue efforts are needed trucks, shovels, backhoes, said. "Columbus is cut off by the floods," said local media Tuñón.
The rains have been caused by a low pressure system covering from Colombia to Costa Rica.
(With data Eric Ariel Montenegro, Carlos H. Gonzalez, Priscilla Perez Reyes Getzalette)
PRESS / Eric Batista
Vistas de Cuatro Altos, en la provincia de Colón.
1 / 7StartStop
MORE NEWS LOCAL
I would love to go to the AGM, however, I do not have the luxury of being retired at this point in my life. One day that goal will be achieved and I may see you at one of these meeting.
And dont forget about post 17642(see below) in regards to info that still needs to come down the pipe. One thing is guaranteed...xmas is on Dec 25......as for increased numbers in production ?????
Coming in the next seven trading days:
Director's Circular.
Q1 FY 2013 SEDAR Filing Financial Statements.
Q1 FY 2013 SEDAR Filing MD&A.
UBS Evaluation of company fundamental value. (Panama).
Those are cast in stone by rules, regulations, and protocols.
Coming soon thereafter if not before:
$210M bond offering status.
NI 43-101 Pamilla.
NI 43-101 Oro del Norte.
Annual General Meeting Circular and Proxy.
PDI Update including financial news & contracts.
PDI Management Information Circular.
Notice of agreement and resolution of Minera-Panama issues.
Notice of start-up of 4th Ball mill.
Notice of completion of Molejon Expansion.
Notice of Andalucian authorization to begin operations.
Notice of first shipment of ore from Spain.
Publication of drilling results from new targets. (Panama)
Notice of Intent to File new NI 43-101 on LP reintroducing concept of open pit and doubling reserves in Spain.
Notice of initialization of operations in Portugal.
Notice of new acquisition of reserves outside Panama.
Notice of completion of new heap leach pad and loading of same.
Notice of initiation of construction of water plant in Spain.
Notice of new line of credit from Global Bank.
I agree, however if someone posts predictions, rumors, that never come to fruition then what is the point. I think we can agree that this is an open board and leave it at that.
If any poster on this board came up with viable info that proved to be true time and time again, then I would take their posts as fact and "in the know" . I still wouldn't base my investing strategy based on an unknown person. It would just make them credible and knowledgable.
Jmho
Loj, in regards to the validity of each poster, that solely depends on what he or she is posting. By that I mean some of the posters do in fact post excellent intell that is publically available and it is a matter of who finds it first on the web. Obviously, if someone lives in the country where our mine exists, they may naturally hear about things first as opposed to an outsider.
The only one, and I may be wrong, who posted a bang on number of ounces before they were released was Peta. All of these other predictions that people throw around are useless. Now saying that, Peta has also stated that "other things " would transpire and they too never came to fruition such as the sp rising or someone coming into the picture a few weeks ago along with completing the PP within thirty days of us obtaining our rating. Never happened YET.
Maybe some posters are in the "know" and maybe some posters do have meetings with management, but can this be confirmed in any way on a blg board where people hide behind their computers..... I say no. Thus, it leaves the posters reading posts empty and not sure about the truth.
One thing is for damn sure, predictions dont make money in our world. Hard facts to our benefit do.
I think the one poster who keeps "reminding" MJ about his statement about book marking the post is trying to prove a point about speculation, predictions, or whatever else you want to label it. If it doesnt come true, you know for damn sure MJ will hear about it over and over again.
I truly do hope that we will hear exciting news before the end of the month as MJ has stated, but until it is printed and the SP skyrockets, then it is what it is.
Yeah I saw that too. I dont know if it was lost in translation but it is definitely not per month ! I just used google translate, cut and pasted it
So, since someone else brought it up MJ, are you still confident about the following quote...
"MARK YOUR CALENDAR...THERE WILL BE ANOTHER PLAYER OF RECORD BEFORE THE END OF THE MONTH. That knowledge, that Inmet has, is what may force them to the table...before Petaquilla is too big a pill to try to swallow. There have already been three way meetings, brokered by UBS and others, among all parties in this chess game."
Just curious
IRW-PRESS: Petaquilla Minerals Petaquilla -2 -
DJ IRW-PRESS: Petaquilla Minerals Ltd.: Petaquilla Minerals (A0DKMR) The investment opportunity of a lifetime!
Petaquilla Minerals (A0DKMR) The investment opportunity of a lifetime!
Dear prospective of millions Invests!
In autumn 2010, I received the shares of Petaquilla Minerals at a price of EUR 0.34 million to invest. That did not happen for no reason, because the stock is in the next few years in front of a huge price jump. Since the start of Petaquilla Minerals million investment into the stock was already down over 14% to the current 0.39 euros. Although this is not yet the absolute top performance, but I'm quite happy with it so far, considering that in 2011 almost all commodity stocks have a sharp depreciation and Petaquilla Minerals bucked the trend could even define something. I would like to express again today to renew my buy recommendation and show you below why Petaquilla Minerals can develop the investment opportunity of a lifetime and the stock the next 5 years, even upside potential of more than 10 euros per share. But first things first:
Petaquilla Minerals promotes since 2010 successfully on its Molejon gold mine in Panama. The whole project is 100% owned Petaquilla Minerals is not less than 842 square kilometer in size. In fiscal year 2011/2012 (ended 05/31/2012) could Petaquilla Minerals 68,002 oz gold and 69,490 ounces of gold equivalent promote cash cost of 574 per ounce. This year, with a significant increase in gold production is expected to 95,000 ounces of gold to 105,000 ounces of gold. This is made possible, among other things through the commissioning of a fourth ball mill Ball Mill This fourth in the next 2-3 weeks to go into operation, and the production will be ramped up quite quickly to 1,000 tonnes a day. Once here, the full production capacity is reached, the gold production increases in a quarter of 18,000 ounces to 24,000 ounces of gold. Alone so you just go forward to an annual gold production of 96,000 ounces of gold.
The second step of production expansion is the construction of a heap leaching tank. Thus, the company has started several months ago, so that this heap leaching pool is also completed in the coming weeks. In heap leaching pool compared to the production of the Ball Mills can rock, especially with a low gold content (0.8 grams per tonne of rock) to be successfully abolished. This will increase the gold production also again by 4,500 ounces per month. It must be remembered, however, that it will take for the first filling of the basin only by 90 days until the first gold can be recovered. The first ounce from the heap leaching pool I reckon so until the end of the current fiscal year (ended 05/31/2013). Nevertheless, this is the medium contribute to a significant increase in gold production in Panama. Even the rocks in recent years it has been already reduced in parallel with the current gold production and Stockpiles be here now already 112,266 oz gold, which can ultimately win around 70% at a cash cost of less than 500 per ounce.
The only slight drawback, which is here the analysts always happy viewed critically, the reserves at the Molejon project. Here showing that gold production would be only 5 years possible. However, this is very vague, because the resources at Molejon and other deposits in Panama (Brazo, Botija Abajo, Palmilla, Oro del Norte, etc ...) are now already more than 2 million ounces of gold. The majority of these resources will be in the coming years through further exploration can easily step-up in the category of reserves, as I mine from my visit (March 2012) white. Since Petaquilla Minerals also has the right to all the gold deposits from neighbors Inmet Mining promote the Cobre Panama project, management is conservative here by a mine life of 30 years (!) From!
Not less lucrative is the Lomero Poyatos Polymetallprojekt in Spain. Also this project is 100% owned Petaquilla Minerals and the historic resource (non NI 43-101 compliant!) On this project is 2.1 million gold equivalent ounces. This project will be brought into production in the next 18 months. For this, the management has announced to go to a 210 million USD bond market to allow this project to be put into production without further dilution of shares can. Let's go conservatively assume that it will take more 24 months, up to Lomero Poyatos the first gold is promoted and it will take another 12 months before full production capacity utilization is achieved, then one from the end of 2015 250,000 between and 300,000 ounces of gold at cash costs of 550 USD per ounce promote. At the current gold price of around $ 1,730 per ounce then Petaquilla Minerals alone would earn the gold production is already an annual cash flow from 295 to 354 million USD.
All the by-products (1.8 million ounces of silver, 106 million pounds of copper and 42 million pounds of zinc) incurred for free as a byproduct in the production and according to the current commodity prices have an equivalent of 443.37 million USD coming on top of virtually free. Bottom line, the management expects (in my present financial presentation) so for the year 2017 a net profit of 392 million USD. The 2017 business year begins on 1 June 2016. We are removed leaving just three and a half years. Again, I personally reckon again rather more conservative and give the company even from now on for another 5 years to achieve this goal.
With an annual net profit of 392 million USD and then a fair PER of 10 Petaquilla Minerals will need to be assessed on the Stock Exchange with 3.92 billion USD. On a fully diluted basis, there are currently 273,820,000 shares, including the convertible bond in connection with the silver forward sales is as high as approximately 280 million shares outstanding fully. I divide the expected market capitalization in 5 years by 280 million shares fully diluted, then the share of Petaquilla Minerals in 5 years will have to stand at about $ 14.28, or the equivalent of 11.21 Euro. The only requirement is that Petaquilla Minerals as planned can collect the money for the project financing of Lomero Poyatos in Spain in the bond market and the number of shares in the coming years need not dilute further and that management per simultaneously in production target from 250,000 to 300,000 ounces of gold year can be successfully implemented at a cash cost of 550 USD, plus the byproducts.
Not to be forgotten is also the subsidiary PDI, which is to be spun off in the coming months of Petaquilla Minerals. For every 4 shares of Petaquilla Minerals you are here at the IPO of PDI will receive in the coming months, one free share.
Conclusion: Petaquilla Minerals Ltd. is a high-solid junior gold producer, which could develop for you the investment opportunity of a lifetime. Manages the management to implement its production targets in the next 5 years successfully and does not have more the number of shares to be watered down, then we have the best possibilities that the stock price will be listed in the next 5 years, double-digit Euro range. The whole calculation is based mind only on a gold price of $ 1,730 an ounce, as is currently the case. Increases the price of gold in the next 5 years as by quite a few experts predicted even $ 2,500 or $ 3,000, it is even again a significantly higher target price possible as only "11 euros.
Who loves it very conservatively and expects further dilution and a scarce miss the target of production, which is also there still a significant risk premium to a target price of 5 euros, which is still more than 10 times the current rate.
If you take the full facts, that a further rise in gold price is still very real, then all of us should an investment in Petaquilla Minerals of the investment opportunity of a lifetime equal. Everyone's dream is to once have a share in my custody, the tenfold. But at Petaquilla Minerals they even have a chance not unrealistic that the price here in the next 5 years increases by a factor of 20, 30 or even more. Therefore, the share of Petaquilla Minerals is currently also my biggest custodian position in private custody, of course knowing that I'll have a few years of patience to bring it to light must wait for the company will achieve its goals and then the share price will accordingly develop positively.
Citation:
- Corporate Website: http://www.petaquilla.com
- Presentation: http://www.petaquilla.com/news/pdf/20120628-Corporate-Presentation.pdf
Notice pursuant to § 34b WpHG and disclosure of a potential conflict of interest: Michael Turk owns shares of Petaquilla Minerals.
Contact:
Türk Finance Communication UG (limited)
On White 2
93309 Weltenburg
http://www.millioneninvest.de
Responsible Person: Michael Turk
Release date: 11/12/2012
Current market price determination: 0.49 CAD; converted EUR 0.39 (11/12/2012 16:45 clock).
Disclaimer:
(MORE TO FOLLOW) Dow Jones Newswires
Well someone wasn't happy with Inmet today...down $3.06 (5%) just over 900000 shares on the TSX. I feel sooooo bad.
Dont forget about this little nugget
Rodrigo Esquivel, President of Petaquilla Gold SA, said 'we have not ruled out selling, but now the main interest is to solve the need for Inmet on certain areas that affect the development of its Cobre Panama project'. Inmet insists that, under Law 9 of 1997, had rights over the use of public areas of the State for the construction of the facilities necessary for the operation of its copper mine. 'We have invested so far $ 1. 5000000000 thinking we had those rights', said Tilk. further recalled that by the end of this year the miner will invest $ 4 billion in contracts and projects in the country. "These investments will benefit the development of Panama. Inmet is a guest and in the 20 years we've been in the country, we have never disrespected. PTQ I know thinks the same ', said Tilk.
There is a lot of activity going on in Panama lately. You had the HT which obviuosly fell through, however we got a lot of press out of that as well as Inmet. Now, you have this latest round of "rumors" accompanied with visitors, presentations, tours,, etc etc etc both with us and Inmet. Someone/thing is going to have to budge/break eventually.
Savlo...I wouldn't say we are sinking today unless you mean from when we were at .64 ? You cant compare us to Inmet as a whole. They are a monster and we are not. Relax, in due time we will do alright.....at least I hope so.
No biggie....the call had to do with the upcoming meeting / proxy at the end of the month.
I will call them tomorrow and will advise the board if there is anything of significance.
I received a message from someone representing / on behalf of PTQ today. I didnt hear the message because I am at work and it was relayed to me via my wife (lost in translation !). The number was 1 800 332 6309. No answer when I called back as they were now closed. The pre recorded message I listened to stated it was "The information Line" ???????????????????????????????????
Does ANYONE have any idea what this is about ?
Do they not know the deal was quashed ????????????
Is something new in the works ????????????????
WTF ?
The TSX is OPEN on Monday.
FYI
I have listed these two PRs as reference in regards to refreshing our memory ..,,,,,
Vancouver, BC - July 17, 2012: Petaquilla Minerals Ltd. ("Petaquilla") today announced that it intends to offer on a private placement basis US$210 million aggregate principal amount of senior secured notes due in 2017 (the "Notes"). Petaquilla intends to use the net proceeds from the offering to finance capital expenditures related to its Lomero-Poyatos mine in Spain and Molejón mine in Panama, to fund a cash investment in Panama Desarrollo de Infraestructuras, S.A. ("PDI") in connection with the spin-off of PDI, to terminate its obligations under its existing prepaid forward minerals contracts, to repay a portion of its existing indebtedness, for general corporate purposes and to pay related fees and expenses.
Vancouver, BC - October 3, 2012: Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") reports that Moody's Investors Service ("Moody's") assigned first-time ratings to Petaquilla consisting of a Caa1 corporate family rating ("CFR"), Caa1 probability of default rating, Caa1 senior secured rating to its proposed US$210 million notes, and a speculative grade liquidity rating of SGL-3, indicating adequate liquidity. The Company plans to use the net proceeds from the notes offering to primarily fund the development and expansion of its mine and mineral exploration properties and repay existing indebtedness. The ratings outlook is stable.
In regards to the July 17 PR, I understand that the PP was put on hold so to speak near the end of the HT, but what the hell is going on with it.? In a few more days it will have been four months Since the PR was put out. Is it the feeling that they will not proceed with the PP until the land issue is dealt with ? By that, I mean they wont need as much money if and when funds comes in from Inmet for land access / purchase ? I bring this up because posters have mentioned as soon as we secured the Caa1 rating, that it was a pre cursor to securing the PP.
Oh and don't forget about the AGM at the end of the month.....that should be interesting.
Wow.....so let me get this right....TILK states in this interview that "they thought they had the rights... REALLY....REALLY !!!! Who is driving the Inmet bus? Does that guy not pay attention? Did he forget what he stated on BNN ????? Talk about memory loss. Well, at least they are speaking this week. We shall see how that goes
Company 'remains committed' to talking with Inmet
THE CANADIAN PRESS NOVEMBER 7, 2012 3:03 AM
Inmet Mining Corp. said Tuesday it would not be buying any shares of Petaquilla Minerals Ltd. after a hostile takeover bid failed to garner enough support by its deadline.
Inmet said the offer failed to attract the required 50.1 per cent of Petaquilla shares on a fully diluted basis by 11: 59 p.m. PT on Monday.
"Accordingly, Inmet's offer expired at such time in accordance with its terms. Inmet did not acquire any Petaquilla shares pursuant to the offer," the company said.
Petaquilla shares fell 23 per cent or 15 cents to trade for 49 cents on the Toronto Stock Exchange, while Inmet shares closed up 80 cents at $56.76. Petaquilla stock had traded for 35 cents before the takeover offer was announced on Sept. 5.
Inmet's offer was seen as a move to consolidate the area around its Cobre Panama project.
Petaquilla's Molejon project neighbours the $6.2-billion US Cobre Panama copper-gold porphyry project, Panama's largest-ever mine development.
The companies had held talks on the weekend about a possible friendly deal, but were unsuccessful.
Petaquilla said Tuesday that it "remains committed" to talking with Inmet and other interested groups.
"In addition, as part of this strategic review process, Petaquil-la will continue to implement its business plan, including the spinout of its infrastructure business to shareholders, the development of its Lomero-Poyatos gold mine in Spain and its previously announced high-yield note offering," the company said.
Petaquilla chief executive Joao Manuel Manuel said Monday that the weekend talks focused on the possibility of spinning off some of Petaquilla's assets into a new company, with Inmet acquiring the others.
However, he said the structure was complicated and the company did not have the time to examine just how it would be done and the tax consequences for investors.
Based on Inmet's recent share price, its offer for Petaquilla was valued at about $147 million.
Inmet had offered Petaquilla shareholders 0.0118 of an Inmet share plus 0.1 of a cent in cash for each of their shares. Alternatively, shareholders could have chosen to receive up to 60 cents in a combination of cash and shares based on a Inmet share price of $50.82.
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Read more: http://www.theprovince.com/business/Petaquilla+fails/7510644/story.html#ixzz2BYEFgOYn
Thank you
As for the $1.50 - $2.00 in less than a year.....I dont know about that. How about ZACKS outlook for us....what happened with that ?????? Maybe someone can help me but wasn't it $1.45, then it was $1.70, now it's $1.75. Im still waiting for the analysts to get it right for once in their lives with PTQ.
And just so Im straight, and Im sure someone will correct me, but in regards to PDI, what is that because it's been so long since I've heard anything about it..HA !
PETA you mention that "Rumor is petaquilla an inmet are negoating the land rights and the terms will launch pdi ...." I THOUGHT WE WERE WAITING FOR THE APPROVAL FROM THE CANADIAN SIDE IN REGARDS TO ALL THE RED TAPE THAT GOES WITH THE SPIN OUT ???????????? So which is it ?
Well we took an upper cut today but at least this is behind us now. Will Inmet come back....who cares right now lets get back to business. Come on PTQ, full steam ahead. MJK, we will be watching how this month unfolds as per the post you have told many people to book mark.....we shall see. I just cant believe all of the people selling sub .64 and who are still selling. I guess they should have sold pre press release.
A significant amount of shares traded hands today and we held our ground considering the offer expires soon. If people honestly think that this was going to tank after it is rejected, then why haven't they sold off prior to the market closing? I am of the opinion that when the news comes out about the shareholders rejecting the offer, the SP will bounce back a little bit. With all of this news in regards to trying to work out a deal, I don't think too many people are going anywhere. This story is far from over
WE ARE STILL HERE.
Good luck everyone
Anski, thanks for all of the tidbits of info. Much appreciated.
Come on guys, nothing was mentioned about what has already been decided in regards to the rulings in PANAMA because these things are scripted (the show that is). Do you think TILK would go on this type of forum to have his own ass served to him on a platter ???? He's not that stupid.
Good morning MJK and happy holidays.
I am bookmarking your post....more specifically, "Expect Petaquilla to announce a deal with someone before the end of the month."
Like I have said in prior posts, rumors are rumors. I'm not shutting you down what so ever, however, when it hits the media then I know it was true and I will be more than happy to pat you on the back and say "great job" for divulging this info before it actually came to light.
Once again, Happy Holidays.
Thats the problem with rumors. Don't believe everything you hear. When you see a PR about it, then it is a fact.
Today At 2:35 pm, EST, , Mr Tilk will be on BNN.
Wow, talk about a PR war ! I guess the next one will be about how Inmet was unsuccessful in trying to accomplish the HT. Thats the one I'm waiting for.
Props to PTQ in sending out these PRs and providing fact while Inmet just wants to ignore the rulings.
If you actually received all of the proper documentation being a shareholder, you would know as it was clearly outlined. Why would you tender at .60 when we are trading at .64 . That doesnt make sense to me.
HOSTILE TAKEOVER
Sorry Loj...I didn't scroll down far enough on your post...my bad
NEWS RELEASE
[Print]
2012/92
October 31, 2012
BCSC panel cease trades Petaquilla Minerals shareholder rights plan
Vancouver – A British Columbia Securities Commission panel today granted an application by the Inmet Mining Corporation to cease trade the shareholder rights plan adopted by Petaquilla Minerals Ltd.
The panel’s reasons will follow.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by searching the Inmet Mining Corporation, Petaquilla Minerals Ltd. or 2012 BCSECCOM 409.
For media inquiries, contact Richard Gilhooley, media relations, 604 899-6713. For public inquiries call 604 899 6854 or 1 800 373 6393.
Learn how to protect yourself and become a more informed investor at www.InvestRight.org
Well PETA....what's going on in Panama and the "rumours?"
The timing of this latest PR couldn't be any better. And did you see, they FINALLY said "we are pleased to announce". We haven't seen that in a long time. Ptq is releasing their bombs one at a time to quash this deal prior to the cut off date. Lets see whats next....PP, another offer, JV, who knows but it does keep it exciting. Peta mentioned that the other offer was to be presented this week.....still waiting.