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If a person is basing their investing habits/techniques solely on the basis of what another poster is posting....that is absurd. We have all done our DD and that's why we are here. Posters may offer information that they feel may or may not occur and or transpire...but at the end of the day you have to trust YOURSELF and sift through everything else.
We don't know each other...we are just "call signs" on a board. Knowledge is "powerful", just as long as it is correct and that my friends is up to you decide what is true/myth/ or mere speculation.
My humble opinion is that I really don't care so much about PDI at this point as it's a "bonus" (whatever I get or dont get is fine with me). My main concern is with PTQ. PTQ is "presently" here and is real.
Yes we have had a great run up for those who bought in the .30, and .40 zone. However not all of us were that lucky...myself included. I know I've said it before and I'll say it again.....HOW ARE WE DOING RIGHT NOW ???!!!" I know....be patient.
Can someone enlighten me as to why we were stable in the $1.20 zone (give or take a few cents)for a while but now we are fading away. Have people lost interest???? Are these profit takers????
Q3 is complete and now we have to wait until April 15 for the results of what SHOULD BE a profitable quarter as long as there haven't been any gremlins in the mix that they haven't disclosed.
Wow LOJ.....very well articulated. Now, if you posted that over at SH where I was for quite some time, THEY would call you a "basher" because it would be thought as a negative. I call it having your own well thought out opinion supported with some fact !!!
I seem to have lost my SP...can someone help me find it ????.....I know it's around here somewhere !
Your points of interest would seem to point someone in that direction....I will believe it when it comes to fruition.....and I will pat you on the back when it does occur!
Thanxs again
Come on MJ...throw us a bone of what you are thinking. If you are in fact right then we can pat you on the back. If you are wrong...oh well...we wont burn you at the stake.
TRANSLATED
Much to gain and little to lose
The rich mineral deposits
Carlos Ernesto Gonzalez Ramirez
<mailto:opinion@prensa.com> opinion@prensa.com
The value of mineral deposits known to date in Panama at current market prices, is approximately 221 billion dollars. That wealth, which is in our basement, just takes that value if it is extracted from an investment of over U.S. $ 10 billion (twice the value of the expansion of the Canal).
If these deposits are exploited and obtained by the minerals that value resulting therefrom, we can ensure that more than 50% of that value will remain in Panama, considering the royalties of 5%, the income tax of 25% , the wages paid to more than 7 000 people, investments and purchases of local inputs required for the operation. In addition, built a substantial infrastructure in roads, electricity, ports and housing.
The amount of land that would be affected if you exploit all the mineral deposits known today would be less than 14 000 hectares of land. Since the country is 7.5 million hectares, to extract these 221 billion dollars that would affect less than 0.2% of the country.
No part of this territory is affected tourist areas developed or being developed. Nor is near urban areas or their water intakes. Rather, in unpopulated areas, in extremely poor districts without access to the most basic infrastructure necessary for a dignified life.
To me, the figures given above lead me to conclude that mining in our country is not only desirable, but may be an important provider of resources to reduce extreme poverty in our country, since these mines are precisely where the poorest of the poor.
The case of indigenous people is the most unlikely, in my opinion. Apart from that reform millionaire guaranteed income to the municipalities in which the main holdings are given the certainty of work, wages, social security and stability, the product of one of the largest investments in the Republic will, shows that their reaction was based on incomplete information. The Indians have everything to gain and little to lose.
What is lost is given by the environmental impact of mines, but that the code reform is introduced for the first time, mechanisms to enforce environmental laws, including the mitigation of impacts and closing processes. It also generates the resources to give you the strength regulation that requires both Anam as Mici.
When I put the figures in this article on Facebook, one of my friends said I defended the mining industry because the firm for which I am partner win a milloncitos. While it is true that my firm represents one of the mining has already granted and that the mine will explode, with or without amendments to the Mining Code, it was obvious that this person had no valid argument to devalue the assertion that mines can produce $ 221 billion with effect in 0.2% of the country. The fact that I am a mining lawyer does not change the reality of these figures.
Another Facebook friend told me that if it was true what he said regarding the extension of operations, explained how the maps have been published that indicate that almost all the national territory is under concession. I made it clear that these alleged concessions are not operating, but exploration (search fields) and, mostly, are not concession (just ordered) and are speculative. The recent reform of the Mining Code puts an end to them, establishing a concession fee per hectare progressive over time, which will make it very costly for speculators.
The reform debate Mining Code has focused not on what should or not the same, but the possible effects of opencast mining and its impact on the environment. Beyond the environmental debate, which has to be discussed in the appropriate framework for me to decide whether the operation is desirable or not is very simple and is shown by the figures given above.
Therefore, the discussion of reform of the Code in any moderately educated country had been used to argue the merits that it has to ensure implementation of environmental regulations and to mitigate the impact of mining in Panama was used to discuss something that was discussed and based on misinformation and superficial.
This is very unfortunate. Countries move when people base their political decisions on knowledge and facts. Remain underdeveloped when their discussions are on speculation and propaganda.
DEEX...with all due respect none of us here are "nubies" with this stock. Call them...are you serious ??? I, along with other posters have e mailed and called in the past with no response....and if you were lucky enough to get a response from "my friend" TOM, well...Im not even going to go there. Posters will post that he is not allowed to give out certain info for which I agree, but come on, throw us a bone. (that is his job)
"People" also state that the retail investor does not affect the SP....if that is true...at the present time is it the "big boys" making this thing go UP AND DOWN ???? For the majority of the last month it has been stagnant, however we have been going between approx $1.21 to $1.30.
I too like every "investor" want the "pie in the sky" but reality has to set in when specific details do not come to fruition.
I find it amazing that just the other day I was mentioning about how PTQ does not/has not issued PRs on time, more specifically when there is ALLEGEDLY lots of news coming down the pipe. I was somewhat shut down by people on this board at that time saying "please be patient" things will happen. Well...now people are becoming more and more concerned and "red flags" that are being waved all over the place. 1BEST on SH stated not so long ago ..... "not a quarter or two makes a company".....well if the results are crap...I beg to differ.
I know MJ and other people are here for a very long time, but I can honestly say that I am not. I've been here long enough am Im waiting for my exit point at this time.
I'm waiting for the responses so bring them on.
JMHO
MJ...are you still content based on that info you located that your predictions stand true for the SP in one of your prior posts???
Just curious
I am of the opinion that if a Company is doing well, you promote yourself thus you attract other potential "investors". A company can not sit idle and ONLY promote itself based on profitable quarters. If "good things" are transpiring...tell the world...Im sure that if the interest is there, your current investors will be tickled pink plus the Company may accumulate more interest. It"s "good business". You should keep people in the know.
JMO
MJ...I can't find your post but recently you mentioned that you were of the opinion that the Company would not be releasing any PRs at this point until all of the festivities were over and done with. Did I misread what you were saying because IMO why would they hold off for approx one more month. That seems waaay too long to try to hold the cork on this bottle that's full of fizz.
There are reasons why they don't release the PR's when "we" think they should, but at the end of the day, we will never figure it out. You can only sit back and WAIT !
JAL...thanxs for the input and I do understand the way they work. As I have stated before, I just become frustrated when there is a lot of info to be pumped out and they just sit on it. I know it will come out one day !
I guess the thing that infuriates me the most is that all of us are aware there is A LOT of news to come forward. HOWEVER, recently, watching the SP is like watching paint dry. MJ you had A LOT of good questions that need to be answered by management in the form of NR's.
People have suggested that due to the fact that the mining law was in play, management may have been holding back in regards to releasing NR's. Well...it's a done deal so lets get a move on PTQ. But....and it's a big but.... what if they don't release them immediately ????? Days turn into weeks and weeks into months. The second last NR dated Jan 18 stated " The Company will be issuing an exploration update news release shortly." In one more week that will be ONE MONTH.
I'm not trying to be a "downer"....I just want updates in the Company I have invested in....that's it.
JMO
Det...I know that you follow SH, so you may remember CRAZY INVESTOR. I was reading his posts and became interested in PTQ. After doing my own DD, the rest in history as they say.
DetVic....Its funny you mention about the analysts because I am sure that you are fully aware that PMC over at SH has been going on about this point forever and everyone shuts him down. That is one of his bones of contention.
José González Pinilla
De La Prensa
jagonzalez@prensa.com
Tomorrow discussed in the full draft amending 'mining code'
PRESS / José González Pinilla
Mañana discuten en el pleno proyecto que modifica ‘Código Minero’
This afternoon the groups protesting against mining in the vicinity of the Assembly.
4:58 pm - The deputy chairman of the National Assembly, José Muñoz, formally unveiled this afternoon that the second debate of the draft amending the "mining code" will begin tomorrow, Thursday, and will not be enabled or Friday or so week for that discussion.
Meanwhile, groups opposed to mining production in the country protest near the National Assembly against the bill.
Opponents of mining have not closed the road, but if kept shouting slogans against the proposal submitted by the Minister of Trade and Industry, Henriquez Roberto.
Muñoz said that if necessary the discussion in the plenary of the National Assembly be extended to Monday next week.
Is expected this afternoon to formally present the project to the full National Assembly begins debate tomorrow.
More morning in La Prensa
That's what I am expecting but I am getting tired of sitting on my hands !
I dont know whether to interpret this as good or bad but considering the day is almost over, I believe today will have the FEWEST amount of trades in a very very long time (on the TSX). Presently there are approx 135 000...THATS IT !!!
Mj..I may be just ignorant to the facts but wouldn't the "knowledgable investor" see this as the entry level if they haven't entered as of yet????? This law, from what I understand (and Im no one in the bigger kettle of fish) is apparently huge. How can all of us know this to be significant both for PTQ and PDI and no one else take an interest in it right now? Are they waiting for it to pass before they enter just to make sure its guaranteed???? I just dont get it.
Acanuck...The only reason I did not mention about PDI was because I am still cautious/skeptical about when that transaction/announcement may be. I was specifically listing goals that should be ready for delivery within lets say a 30 day period from now. An announcement about PDI may very well be in the cards by (late) spring but as I had mentioned, I'm not holding my breath. Just remember we have all been here for some time and we know that they don't always deliver PR's in a timely fashion.
Speaking of which...how long does it take to count the votes up they know they ALREADY had and post a PR....lets go !
JMHO
I may be wrong but don't we have quite a bit "valuable information" to come down the pipe in the very near future such as...
1. The PP which should be a done deal (tomorrow) "so to speak"
2. The heap leaching results
3. the final engineering and design
4. the global resource estimate
5. 43-101 @ ODN
6. and last but not least the approval and passing of the "new mining law".
Is it safe to say that all of the above mentioned items should be disclosed to all shareholders possibly by the end of FEB ????
7:28 pm - PANAMA CITY, Panama. (Xinhua) .- About 50 environmental organizations and civil society in Panama asked today to suspend the discussion on the government bill to amend the Code of Mineral Resources of the country.
The project, whose formal debate began Monday, is driven by the administration of Panamanian President Ricardo Martinelli as an alternative to manage mining activity, attract investment and provide new development opportunities in the sector.
However, organizations like the National Association for the Conservation of Nature (Ancona), Panama Sustainable Environmental Advocacy Center (CIAM), Fundación Avifauna and Human Rights Commission of the Panamanian Ngäbe Bugle Indian region, questioned the way has handled the proposal.
In a press conference in Panama City, executive director of the Ancon, Alida Spadafora, expressed concern that the project threatens the environmental security and sovereignty of Panama.
In a statement of the organization noted that the project allows aspects prohibited by law, such as the State believes that private companies with state capital, thereby contravening the provisions of the Panamanian Constitution.
However, Martinelli administration has argued that its sole purpose is to use resources responsibly and as a way to help in the fight against poverty.
Thanxs LOJIKO...I reversed the numbers. So, just so I have this clear in regards to the vote on Monday...those are for the $1.45 warrants. When the "official vote" goes through and things are a "go",the theory/logic is they will attempt to raise the SP up to the $2.00 level for the 30 days, thus, they can be called at that time...right? What would be the rational for NOT doing this other than the SP not supporting it at the levels required?
Can someone inform me about the $1.45 warrants which expire Oct 2011. What I mean by that is I completely understand about the warrants that were recently called. They were .65 warrants and at the time the SP bumped up, people made out like bandits. Now saying that, what are the stipulations for the next batch of warrants? Does the SP have to be above a certain amount for a specific amount of time again????? Seeing that they are at $1.45, would the plan be to exceed that number again for which it would be much more profitable for all parties involved???? Is there ever a time where the warrants would not be called?
Still learning about warrants.
Thanking you in advance.
The "new mining law" is as much as a DONE DEAL as the PP on Monday. The SP has been stagnant for approx a week and volume has been cut in half. I hope we are just waiting for launch control to give us the green light.
With the PP on Monday and the vote in Panama next Friday (I think) followed by positive NR'S, I for one expect more interest in PTQ and therefore will raise the SP for all involved people.
JMHO
MJ...once again thank you for the current updates. Im certain all members of this board appreciate it.
MJ...I had google translate it
Queries for reforms to 'mining code' continue tomorrow
José González Pinilla
De La Prensa
jagonzalez@prensa.com
4:51 p.m. - The consultation period for the amendments to the Mining Code will continue tomorrow, Wednesday, in the Blue Room of the National Assembly, it was reported today in the Committee on Trade and Economic Affairs.
The bill is under discussion 277 amended the Code of Mineral Resources, Law 109 of 1973 55 and non-metallic minerals. During the day today with representatives of various groups who expressed their position on this initiative.
The latest to join this afternoon was Carlos Salazar, Petaquilla Gold, who defended the mining in Panama. He also assured that the rivers near mining projects are not contaminated with cyanide.
Previously, five environmental organizations and human rights organizations who participated in the session presented the draft law "which amends the Mineral Resources Code, declaring a moratorium on exploration and exploitation of open-pit metal mining throughout the national territory. "
More morning in La Prensa
That is exactly what is going on ! Im trying to gobble some up as well but it isnt down far enough for me at this point.
792
Jal I must agree with you. If you invested a large some of money in a company wouldn't you like to see it appreciate (im obviously being facetious). We are ALL here for the same reason ! I am more than positive that the PRs will come out but I have to be just a little bit suspicious as to when as history has taught me some downfalls about management. JMHO.
Secondly, I will be the first to admit....I wasnt happy with what was going on with the Company back in the day, however I am feeling a "little bit" better as all the pieces seem to be coming into place.
792
"Furthermore, the Company continues its aggressive exploration program on the Petaquilla Mining District, outside of the Molejon area, having invested during the second quarter of fiscal 2011 approximately US$2.3 million (US$4.7 million year-to-date) in trenching, geological surveys, assays, topography and logistics. The Company will be issuing an exploration update news release shortly."
I draw your attention to the last line of this paragraph. We have all been waiting for these exploration updates and now they have mentioned that it will be "shortly". Anyone who has been around here long enough darn well knows that "shortly" could very well mean "whenever". I for one am expecting that this will be done after the vote. Does anyone want to venture a guess as to when the results will be made public for the exploration results ???? Further, I too have voted in favor with the board.
792
MJK....I do enjoy your posts..so thank you. Secondly, you mentioned that we are already half way through Q3. Do you or anyone else think that management will provide an NR with updates about what has been mined up until this point? If they do and the numbers are good then that in itself MIGHT ease investor confidence. I realize that a quarter or two does not make or break a company...but we are in need of some good numbers if in fact it was ONLY the rains that hindered the production numbers.
792
Good morning/afternoon to all posters. This is my VERY FIRST post on this board but saying that I have being reading the many good posts/and some not so good on this board. I am one of the posters over on SH and have now decided to post on IHUB...thanxs for the invite VB.
First off I have been vested in this company since they were given the rights to mine in Panama. At that time I waited too long and wasn't happy about my entry point but whatever. Since then I have taken some off of the table and still have some monies involved in PTQ (now with regrets).
I have seen how this company manipulates it's investors over time to the point (specifically on this board) that posters thoughts have gone from illusions of $$$$$$$$$$ to "what the hell just happened?" and "what the hell is management doing????" Everyone states that you have to do your DD and I agree but for this company that doesnt seem to matter.You could honestly believe that this company is the "bees knees" based on DD but somehow they will shaft you in the end and all of that DD means nothing. Back in the day before production EVEN began we were at $1.00 and look.....just over ONE YEAR LATER we will be there again even after production.(specifically on Monday) I know, I know, I know...we were at .30 and look where we are now and thats great...BUT NOT FOR THE people who bought late on the hype.
I realize that the "big boys" must have done their own DD to invest in this cash cow....but who milked it the other day...NOT ME and for that I TRULY REGRET.
I have an exit point in my mind and I was just short of obtaining it on Thursday....there wont be a next time. I for one am not going to hang around here for years like some of you....and to all of you I wish you great wealth.
I have listened and questioned 1BEST on SH, yet the same dribble keeps coming from his posts. I think if PTQ crapped in his cornflakes he would put a positive spin on it.....I DONT GET IT....he does have some good points but come on already even after the terrible results he is still elated (or appears to be with his words).
I am putting this quarter behind us because at this time I have no other choice. I, like you am waiting for ALL of the fantastic PRs to come....when will that occur, who the hell knows but they better start rolling these things out soon. Where are the assays reports?????..where are the reports that would assist an investor to put his/her hard earned money into PTQ or better yet keep it in the Company. I cant remember who posted it on this board not so long ago but someone had around 9 great questions for PTQ that up until today have yet not been answered.....good grief Charlie BROWN !.
Thankyou for your time
792