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.
$1,000.00 gold will eliminate weak soldiers!
"Gold bugs felt the heel of Fed tapering as prices of the yellow metal fell 4.5% overnight. Not only did it break below $1,300 per ounce during London trading hours, it even dipped below $1,285.
The gold market is reacting to Federal Reserve Chairman Ben Bernanke’s press conference where he indicated the Fed may reduce its bond purchasing program (dubbed “QE2”). A tapering in the $85 billion per month of cash into the economy means the markets are anticipating a reduction in future inflation rates. As gold is often seen as a hedge against inflation, the gold markets now perceive there’s less need for bullion.
The drop in gold came during Bernanke’s press conference. At 2pm Easter Time, the precious metal was trading at $1,373.50. Two hours later, it was down to $1,350. When London traders came in, they threw gold off the decks, knocking it down to $1,300 within their first hour of trading. It then hit $1,285 two hours later.
It will only get worse for gold, according to Dr. Michael Haigh, Head of Commodities Research at Societe Generale.
In early April, when bullion was trading at $1,600, Haigh forecasted a drop to $1,375 per ounce. Just two weeks later, it indeed fell that far and then some. He is now forecasting a price of $1,200 in the last quarter of this year.
In an interview with Talking Numbers (see the video above), Haigh also says gold may hit $1,000 by 2017. For those arguing mining costs prevents gold from falling more, Haigh writes in his report this past Monday:
“We don’t think that the reported very high gold production costs will prevent the gold price from trading down to $1,200/oz. And while production cost concerns may slow the price decline below $1,200/oz, this factor is unlikely to provide firm support until we get closer to $1,000/oz.”
Haigh elaborates in his Talking Numbers interview, “The other element is the production companies have an incentive to reveal high costs to the world in the hopes prices remain high accordingly.” Translation: mining companies say costs are high so that the market thinks there’s a floor in gold prices.
On the technicals, Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, has four technical reasons he believes gold will hit $1,000. Ross has already called for $1,000 before on Talking Numbers."
Glad you noticed and coming on board!
Fundamentally we are very, very sound. We will remain profitable and actually make a little money on that DB deal if gold goes to $1,200 for a while. As the supply coming onto the market drops along with exploration of junior non-producing miners, it is looking better and better from my point of view. Think I'll continue to ride along with the big boys instead of the ankle biters. Time to buy aggressively again unless of course, you have no money!! The piece of the pie gets bigger and bigger!
Hi guys, good to hear from you.
VB, I think the PDI spin out can go forward to finally allow shareholders the opportunity to get the carrot that has been hanging there for three years now. Remember way back when we actually had a date set for the vote! I think the spin out with an arms length company will allow PDI to receive more direct government contracts, when it is not associated with mining interests. With regard to cash flow implications, that can be dealt with by pricing the aggregate sold to PDI by PTQ at a higher level,along with the pricing of FQM contracts that pass first through PTQ hands to PDI.
jff7, welcome to the "long" group. You will be fine long term and the dollar crash will be very brutal and very sudden when it finally comes. A huge wave is building and the higher it goes the greater will be the break. Our largest shareholder Eric Sprott just bought another million shares in Junior Miners directly as opposed to the GDXJ where Soros is placing his money. Remember if you don't sell you don't lose a dime!
Maybe we can shake some of the trolls as we go through this winnowing of weak hands.
REMEMBER OUR PRODUCTION IS INCREASING AND THAT WILL HAVE A GREAT IMPACT ON OUR BOTTOM LINE. THE COST OF PRODUCTION DegiTech posted some time ago shows that we are very well positioned. Half of the GDXJ fellows are not even in production. Do not be surprised if more acquisitions suddenly appear on the horizon.
(i.e. Example: 10,000oz.@$1,500=$15,000,000. 13,000oz.@$1,200=$15,600,000.
We will continue to be profitable and the DB deal is looking better and better.)
GDXJ below 10 in pre-market.
Time to get those <$0.25 stink bids in place. We might be able to get five for a buck by the end of the month!! Time to fish or cut bait once again. Long term guys gotta luv this opportunity!
JFF you should be dancing today!
Gold is off $75.00 this morning and PTQ is headed toward $0.25. With our strong cash flow and PDI contracts we should weather
the storm better than most. Waiting for the trolls to come out and blame management. LOL. With the increases in production I think we will maintain positive earnings, but not what we would like to see. Many juniors are already falling by the wayside and shutting down. All this excitement may make me a trader, as I am looking to buy heavily as this sell off bottoms out.
No doubt about it.
POG is heading for $1,000/oz.just look at the chart this morning. PTQ is heading for $0.25 just look at the chart this morning.
Wait until they release those disastrous FY 2013 preliminary numbers at the end of the month; the Behre Dolbear NI 43-101 showing no gold worth mining in LP! Going to be a long hot summer even in Alaska!!! Time to sell and move on....PMC/Jal/Goldpet were right, this stock will never be worth anything........
VB, everyone knows this is non-issue.
We have already hired hundreds of people and can hire thousands of qualified people if we choose. A little knowledge about the academics lobbying for education money confuses those who know nothing about the situation on the ground. We have an excellent team in place and will move forward just as soon as all the red tape issues are resolved. José Luis was talking about developing talent way down the road. As you post the obvious...we are up to our eyeballs in qualified people.
DD today? Who is José Luis Leandro Rodríguez?
Why are we working with him? What did he say at the conference
interview today? No more spoon feeding...
Why is this such a flaming surprise?
Obviously, most posters here do not even bother to read the public reports that are all posted on SEDAR. While some were scrubbed the data is still there in press releases if you just look for it.
As "The Man" said, "I find it quite amusing!"
Elvis Presley - My Way ( Hawaii Rehearsal Concert 1973 ) - YouTube
Apr 19, 2009 ... Elvis Presley - My Way ( Hawaii Rehearsal Concert 1973 )
www.youtube.com/watch?v=ybS1VejWqKY
"PETAQUILLA ES PANAMA!"
From the company Press Release.
OPEN-PIT SCENARIO:
SRK (2002) Inferred Mineral Resource: at a €50 value cut-off = 20.6 Mt at 3.1 g/t Au, 69.9 g/t Ag, 3.3% Zn, 1.2% Cu, 1.2% Pb. Containing 2.1 Moz Au.
Gemcon (2010) Inferred Mineral Resource: at 1 g/t Au cut-off grade = 20.9 Mt at 3.08 g/t Au, 62.38 g/t Ag, 2.5% Zn, 0.7% Cu, 0.7% Pb. Containing 2.07 Moz Au.
UNDERGROUND SCENARIO:
SRK (2002) Indicated Mineral Resource: at a €70 value cut-off = 1.85 Mt at 3.4 g/t Au, 52 g/t Ag, 0.8% Cu, 1.4% Pb, 2.3% Zn. Containing 0.203 Moz Au.
WAI (2006) Indicated Mineral Resource: at 1.5g/t Au cut-off = 3.71Mt at 3.26 g/t Au, 27.9 g/t Ag, 0.87% Cu, 1.16% Pb, 1.57% Zn. Containing 0.39 Moz Au.
Gemcon (2011) Inferred Mineral Resource: at 1 g/t Au cut-off grade = 6.07 Mt at 4.25 g/t Au, 88.74 g/t Ag. Containing 0.83 Moz Au.
Well I guess neither you nor Google...
knows that there is a difference between Euros and US dollars.
Careful about what you claim to have known. Your nose is growing!!
When were you in Andalucia? The Work Plan can be found nowhere else, where you might have access.
Share with us on what concessions the 59 probes will be done, and to what depths, how many drill rigs are we using? When will this work be finished?
Your "claims" have a hollow ring.....why waste our time...
Bage792 you missed all important stuff. LOL!
"Andalusia authorized the transfer of rights from San Telmo Ibérica SA up to Resources Corporation Company Iberia SL, Petaquilla Minerals Group"
"59 probes"
"earlier this year introduced its first Plan of Work, detailing all of the work planned for the current year."
(1.) I would suggest you review the good old I-Box!!!
(2.) "59 probes" does not mean colonoscopies!!
(3.) The Plan of Work and Seville material lays it all out!
Perfect example proving my point in post #20085!! I will not do your DD for you, and the company has no obligation to spoon feed the other fellow this morning every time someone flushes! Get the feeling you really don't know what is happening right out there in the public venue. Not behind the curtain or inside any closed circle. Perhaps you need to call the officials in Spain and have them explain. Their positions and names were disclosed in that 2010 public interview...remember?
ALSO THAT IS $6,600,000.00 NOT $5 MILLION AS YOU STATE!! Just read the paperwork, or quote the article correctly!
Thanks Anski100, great news.
Project started on time, as planned, and secures the next bunch of concessions included in San Telmo! If I read the maps right we just went from 176H to almost 600H and our thirteen concessions up to something 26! Spanish maps I have are a little hard to read in detail, but this is a very big deal consummating the control and ownership in Spain. This will go right over the head of the retail market and no one will have a grasp or clue of what it actually means. I think that is why Black Rock Investment has jumped in and another big one is coming before the end of the month. Little guys probably won't nibble at the share price and that is OK with me. SShhh....don't tell anyone about all the reserves..., but our company just took a giant leap forward!!!
Nice to see the positive comment also in the paper...
Congratulations to Don Cristobal, our BOD, and the excellent Spanish team!!
Yes, did you notice Blackrock Investment.
This is not "loop" news. Data at end of FY 2013. Warrants have dropped since then. This just closes the years with a nice presentation as of May 31, 2013, for reference. No big deal. Why do you think it is, "fancy dancy", I thought you wanted more effort from the company with regard to publicity? You guys are never happy! Miss the run up from $0.28 to $0.37??? Burr under your saddle???
As you probably know, when you move your little arrow to the Corp. Presentation icon,in the lower left corner, before you click,a script appears on the lower left of you screen and tells you the date the Corporate Presentation was posted. Last update before this was May 27, 2013. Each time new information is included you will know there is a change by just looking at that little message.
No, but is trading halted??
Given the large volume yesterday as noted by DigiTech, it is odd that not even 1,000 shares has been traded. Volume seems to be about normal in Germany and Canada. I am traveling and just don't have time to fool with this.
As was noted on SH yesterday: Share volume
Here is a first. The volume in the US (ptqmf.pk) is higher today than in Canada (PTQ)
I did confirm that on Yahoo, Bigcharts, Stockwatch, and CNBC no trades have been reported.
Porque se paro venta de acciones USA??
investor20501...still saying I'm forcing you?
""BECAUSE YOU FORCED EVERYONE TO BUY!!!"
You should read the I-Box more carefully!!!
"Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. DO YOUR OWN DUE DILIGENCE before buying or selling ANY SECURITY."
Take responsibility for your errors. I will be green at $0.39 if this drops to $0.20 and there is some decent volume. Those who do not have deep enough pockets to take chances in the market are probably best served with a savings account somewhere. They pay about 4% in Panama."
That was the picture on May 17th when you ridiculed serious analysis. I only tried in good faith based on what my DD was telling me that I though $0.2889 was a "buying opportunity". I put my money where my mouth is and bought a bunch well below $0.30. Today, only about three weeks later, we are up 25%. IMO this is just the start of a major move. Notice the blocks of 10,000 shares going out to strong hands today.
As the immediate warrants expire, and our production expands we will see the continuation of our streak of 10 PROFITABLE QUARTERS expand to ELEVEN AND TWELVE! The large hedge fund that has started to buy in today has reached that conclusion, and wants a piece of the action. IMO and judgement the numbers coming out on August 15, 2013 and October 15, 2013 will be much better and even more positive that anything we have seen in the past. So as you stand on the side and watch having no investment, or worse stand on the side in the red and miss the chance to make a decent profit, that is your fault 100%.
It is your fault that you do not spend the time and money to thoroughly investigate. Many of us that do, although perhaps not all, are convinced that this is a fine well managed company with a great future. With every dip caused by ignorance and "the lemming runs" we do rejoice at the opportunity to increase our holdings and lower our costs. It is called investing! My friends and I have spent close to fifty thousand dollars in the last twelve months doing serious on site DD. If you don't agree with our interpretation of events, that is your privilege and also your loss. My guess is that you have not invested one-half of one percent as much as we have investigating every corner of our operations. That is your decision, but don't criticize us for giving our opinion based on our own research.
Other matters take me away for a couple of weeks and VB has the floor. Complain to him, because I will be out of touch. See you in July.
I understand your perspective.
However, when you are talking about millions of shares in a very thinly traded company, it is difficult to "trade" as you do, and make any serious money. Plus the tax man will draw & quarter you. Not saying it can't be done, but it is well above my skill level,and too much risk, so I take the easier long term investment program.
I tried commodities trading about fifty years ago and almost had two box cars of fresh eggs delivered to my house!!
Basically I don't care if it takes five or ten years to reach a goal, and I sort of favor real in-depth research and then I never
buy anything that I do not fully understand and am willing to hold indefinitely. If something company specific changes the fundamental potential, or if I see political upheaval, as in Argentina at the moment, I cut and run while absorbing my loss.
Panama offers a very unique opportunity IMO so I am willing to put in seven figures because I am extremely confident of the ultimate outcome. As for timing the market? I really suck at that so I don't even try. I just keep on buying regularly as long as I believe I will be rewarded ultimately with at least 10X my investment. Occasionally, when it is an absolute "no brainer", like a forward PE Ratio of 1.2 I am much more aggressive. When Petaquilla goes to several dollars per share it will be much less attractive to me.
Good luck with your technique, it is above my ability.
The year in perspective.
As we turn the page today it is probably worth looking at the big picture once again. For this last fiscal year GDXJ is down 42% and Petaquilla is down 21%. So, in a very difficult market we have actually done much better than the median peer.
The future of the GDXJ does not look promising, the price of gold seems to be holding around $1,400.00oz. and costs are going up for cash strapped Junior Miners. For those that are not in production, and/or not profitable, the future is very bleak and they will probably fail. Others may struggle through, but shut down much of their operations as funding is non-existent for them.
The future of Petaquilla looks very promising. Expanded production, expanded reserves, continued and increasing profits, very competitive cash costs, and of course greatly improved FCF helped by sales of aggregate and PDI contracts. The Buyout Boogeyman has finally been put to sleep, although he was never a serious threat. There is every reason to be positive about the company and our shares are very cheap.
Those who continually rant against our company and management, and continue to do so even today, are just ignorant fools whose bleatings just blow like little parachutes off a thistle in a high wind. Those with vision have greatly increased their holdings and will be rewarded accordingly in the future. Those who sold and moved on made a mistake. Those who stayed, but did nothing, made an even bigger mistake.
So...have a HAPPY NEW YEAR, 2014 has begun!!!
"PETAQUILLA ES PANAMA!!!"
anski100, as an old engineer (74+)...
who is only comfortable with a yellow pad and a Log Log Duplex Deci-Trig slide rule I am absolutely useless in diagnosis or solution of this problem. Sorry...can't help!
Is it actually possible?
That there exist people who yet, do not understand the protocols for issuing a simple press release? Is it possible there are people who cannot fathom the legal liability of filing papers, establishing falsehoods as facts, concerning a Joint Venture Agreement with the Panamanian Government, let alone the SEC, SEDAR, and BCSC? Is it possible that there exists people who would estimate the value of a company based on a trading day consisting of 00.05% of its shares? Is it possible that some believe that FQM would join such a devious effort, to mislead posters herein and jeopardize their multi-billion dollar investment in Panama, to confuse some lost soul who has 200 shares of PTQ, if that many? INCREDIBLE IS NOT THE WORD COMES TO MIND, BUT IT WILL HAVE TO DO.
DigiTech, your time and expertise is far to valuable to the board to be wasted on conversations like this!
There are a couple of questions floating around that you might want to address: What do you think the the "all-in" costs of production per ounce are for Molejon? What will be the "all-in" costs for producing ounces shipped from Spain to Panama?
So, now the year comes to a close...may the new one bring to all what they deserve from their honest efforts. Remember, he that does not work, (in this case do DD), shall not eat!!
anski100, perhaps it is your system.
My message board loads, intro, pictures, and everything in about five seconds.
You are correct about exploration...
In addition there will be other projects that will be developed together, roads, camps, housing, transportation, electric transmission, among others. Remember who is invested in Petaquilla, as I have been posting for years, and how bringing Petaquilla into the fold in a major way solidifies FQM's position in Panama. On a percentage basis the same people will be invested in PDI, but to a greater extent as some will sell their share as soon as they can.
Pascalls is very good at this sort of thing, and Cobre Panama is not the only challenge on the future horizon. This is all sort of pie in the sky...long term future...but smart people plan well ahead, at times generational.
According to my calculations we are now trading below a two year forward PE Ratio of 1.0!!
My guesses would be,
1. Some legal requirement or protocol timeline mandated disclosure.
2. Too big a story to hold, it was leaking, so there could be liability created.
3. Wanted to get it into FY 2013.
4. Perhaps FQM wanted it announced.
5. Perhaps a political reason.
Any of those reasons, if true, would override the potential dilution of one million shares.
There will be several joint ventures.
The quick and dirty answer is in the development of Cobre Panama FQM has the cash and in-house engineering...we have expertise in most of the specialties required to do the jobs. (Electrical, roads, camps, housing, transportation, drilling exploration, etc.)
We have trained labor force, political connections, and very important cultural ties to the local population through Spain, and we are Panamanian. Lots of contracts, and legal stuff to work out with the attorneys. Most important though is this is a friendly partnership as opposed to the adversarial relationship with Inmet.I have that from the highest authority in our company directly.
This should really come as no surprise since it has been stipulated, right there in the public record from FQM to the government, before they even made their first "friendly" offer to Inmet, way back on October 2, 2012. A lot of people like to post stupid clueless crap to make themselves feel important.
Prografa ... once again you nailed the JV aspect. I was afraid you were going to let the cat out of the bag to soon, and we would jump above $0.40 and have the warrants exercised.
Now if we just stay below $0.40 until mid-night tomorrow we lose another 1,080,672 warrants.
HERE COMES A BIG WAVE!! 7:49PM EST TODAY.
JOINT VENTURE:
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2013) - On February 24, 2013, Petaquilla Minerals Ltd. (PTQ.TO)(PTQMF)(P7Z.F) 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") (FM.TO)(FQM.L), 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
Contact:
Petaquilla Minerals Ltd.
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063
www.petaquilla.com
Called crash right on the button!!
Re: investor20501 post# 20512
Friday May, 17,2013 9:45:51 AM
0,295.
"SUPPORT BROKEN
FREE FALL NOW!!!!!!! next target is somewhere in the no where
say again thank you to mjkii"
post #20517 LOL! Just filled @$0.2889! At 9:47AM Friday May 17, 2013 as I posted, and now up 22% in just two weeks!!! Yes Sir!!! Investor20501 called the total collapse perfectly. What could I have done without his astute "guru" insight!!! OH WAIT!!! HE SAID SELL THE COMPANY WAS CRASHING TO THE "NO WHERE'!!! MY BAD!! I SCREWED UP AND BOUGHT A BUNCH!!
investor20501
Friday, May 17, 2013 12:29:32 PM
Re: poncewaves post# 20523
Post # of 20611
really? and if gold will drop to 1200, 1300? whatever? was this the great time to buy today? i dont think so.
STOP MISLEADING NICE PEOPLE, YOU DO NOT KNOW WHAT YOU A TALKING ABOUT. WHY DID YOU TELL OUR SURFER NOT TO BUY WHEN EVERYONE BUT YOU KNEW IT WAS A GREAT OPPORTUNITY?????
Corporate Presentation updated 05/27/2013.
Fact Sheet updated 05/27/2013.
Those who don't have a grasp or a clue of what is in Spain are not reading the Spanish papers, or looking at the TV interviews. Steady progress. Look at the public records.
Good news on LP!
Now that de-watering contract has been let to the same outfit that does Las Cruces, (See Las Cruces on Inmet site.), we will be able to start shipping ore from Spain and Portugal by the start of FY 2015 Which is June 1, 2014. that is twelve months away. With the POG holding at current level it will be very profitable if the g/t prove to be correct.De-watering should take about six or seven months.
Sorry, inside joke.
Its also an example of how this stock DOES move on good news. I dont know why people keep saying it doesnt. Today was good news.
Those who have been here since $3.00+ per share fully understand. We traded highest when we were closed and not allowed to go into production, expand, or do much of anything else. 'Dry' humor...if we just shut down we would go back to +$3.00!!!
For the really, really challenged!
"Pursuant to the Agreement, MPSA has an option to purchase up to US$100,000,000 of aggregate and screened rock, and a minimum of US$75,000,000, subject to PDI providing such materials within a three year period, for use in the Cobre Panama project."
Where they gonna' get the money for the ramp?
Where they gonna' get the money for Spain?
One more time!! There was no agreement completed by the attorneys and signed by either company!!!!!! NOW THERE IS ONE!
$75,000,000.00 over three years is $25,000,000.00 per year minimum! $100,000,000.00 over three years is $33,333,333.33 per year! $33,333,333.33 divided by 12 = $2,777,777.78 per month for three (3) years. That is well over two million dollars per month FCF when you consider it is just a crushed waste product!
The engineering estimates from Minera-Panama/Inmet showed that it will require approximately $200,000,000.00 of aggregate at current prices to finish Cobre Panama. It is logical, and not much of a stretch, to consider that FQM will not expend cap/ex to build quarries, but that they will in fact buy more aggregate as the project requires it over the next five years.
Understand that there is a working partnership/relationship between FQM and PTQ as promised by FQM to the Panamanian government. Try to remember if you have to make notes....this is the way FQM operates. It is in their history and their blood. Make the effort to learn about them!
Let's be clear about this:
1. Ends the stupidity/doubt about FQM taking out PTQ!
2. PTQ had no agreement with Inmet, but only term sheets!
3. Confirms decision to spin-out PDI which was in question!
4. Assures access to high grade ore under aggregate!
5. Profitable sale of 'waste product' with high GP!
6. Guarantees large FCF to company (price pt.) covering Spain!
7. Ameliorates effect of lower gold price!
8. No financing, finders fees, etc. for Spanish expansion!
9. Guarantees debt reduction/working capital improvement!
So while others struggle to survive in the sector chaos, we have found a way thanks to the new relationship with our new neighbor. Excellent job done and well appreciated by anyone who has a clue about current events in the market! Now with the GP and FCF from Molejon there is not doubt we can self finance our expansion plans. This is a very big deal just from this one contract; another two million dollars a month minimum revenue for the next three years. Unless one is totally ignorant, it is easy to see that this is the start of a great beneficial relationship. A VERY BIG DEAL!!!!
Careful what you wish for...
Good news is always bad for the share price! LOL!!
Now maybe the mantra about selling to FQM has been put to rest,
and the clueless will STFU about it! Nah...probably not..."Stupid is as stupid does!".
Nice call Progafa, must have ear to the track!
It is good to see ratification of agreement after cursory examination by FQM. I believe we will ultimately sell much more to FQM.
Twelve aftershocks so far this morning.
Thank you for taking the time to post.
As you say, IR even when you are talking to our VP is very constrained about what they can or will actually disclose. Inasmuch as we are not now seeking outside money or investors, I wonder if it worth the expense to participate in these 'show-and-tell' events. I would imagine we are cutting costs wherever possible to self-finance expansion. With the sector collapsing on itself, this must have been worse than attending a wake!
"Crossing the Rubicon"
As Julius Caesar said in 49,"alea iacta est", and that is the end of the story. Now is the time that will determine who will follow and who will hesitate. Rome is there if we have the courage to seize it! We move into summer slack time with nothing really significant that is going to move the Share Price. Anyone who has followed this stock realized long ago, that it does not move on company specific fundamental progress or "news".
The GDXJ has resumed its collapse and is now down more than 70% over two years. Further decline through the summer is expected and it may reach 90% with capitulate selling in the next three months.
This of course may mean that we could see single digit penny numbers for PTQMF. The company will survive these times and remain profitable. The management team, that is strongly supported by the majority stockholders, will continue to develop the company.
The weaker links and underfunded investors, or those lacking intestinal fortitude, will moan and cry and eventually sell for pennies on the dollar, and slink off into history's dust bin. Others will assume the risk and continue to expand their holdings until appreciation of value and growth returns.
While one is probably not happy with the Share Price, there is plenty of room for optimism about the company and its future.
We are a profitable producer, with very low costs. As others in our sector close their doors, and let their stock drop to zero, will just keep producing a profit and expanding. I like the long view taken by our largest shareholder, Sprott et al last week:
"Is the financial crisis in the Western world over?
Have the G20 countries balanced their budget?
Did the commercial banks manage to become solvent?
Are interest rates positive or negative?
Is a global competitive devaluation to increase exports still ongoing?
Is the European periphery still financially challenged?
Do the Asian countries still have a cultural affinity with precious metals?
Which are the U.S. budgetary issues and solutions?
Are the derivatives from large banks still a problem for economies and client portfolio’s?
Can liquidity solve the issue of insolvency?"
Those who trust their judgement will continue to expand their holdings, those unsure will sell and move on, those who are clueless and ignorant will just continue to do nothing but rant against our company and its management team, which of course has nothing to do with the price of our shares, and will have no effect on anything, except their own misery and blood pressure. Time to just sit back and let the world move on if you are confident in yourself and your investment choices. Come back in 2014 and things may be looking up. Next goal, let's get rid of all these warrants at the end of 2013!
I-Box misstatements:
"We are currently completing a plant capacity expansion at the Molejon Mine, which we expect will enable us to increase our gold equivalent ounces produced at the Molejon Mine to approximately 95,000 to 105,000 ounces for the fiscal year ending May 31, 2013 and to approximately 130,000 to 140,000 ounces for the fiscal year ending May 31, 2014."
Should be: 90,000 to 100,000 Target FY 2014 per presentation,and 75,000 to 80,000 FY 2013.
Fully diluted: 273,654,012
Should be: 270,208,760
PETAQUILLA MINERALS (P7Z.F)-Frankfurt
0.2380 Up 0.0180(8.18%) 5:56AM EDT
Volume up 43% above average (3m)!
Re-issue your message 20501!!! They are not
getting it. Your personal attack and
insult should have been in German!!
Friday, May 17, 2013 9:34:51 AM
Re: investor20501 post# 20512
Post # of 20557
0,295.
"SUPPORT BROKEN
FREE FALL NOW!!!!!!! next target is somewhere in the no where
say again thank you to mjkii"