Offices/laboratory in Penonome cut off.

Flood over Pan American Highway has cut off everything west of Capria from Panama City and La Chorrera. There is four feet of water over the road. There is a possibility that the road from La Pintada to Molejon has washed out, since the water came up just below the bridge last year. This flood was much larger. It is impossible to work while these micro-bursts are pouring down. Perhaps someone in Penonome will let us know how things stand. Once it stops, it will all drain in twenty-four hours. The question is how much damage was done to roads, machines, and facilities.

Well hang on, with this it will go down.

PETA!

We cannot get down to Capria. Do you know if there is still access to Molejon, or if it is shutdown? The old highway to Colon is entirely gone in several places. We are more or less isolated except for the chopper. Our phones are out at the moment.

These fools on the board do not even know what is going on in Panama for the last 48 hours. But they need some reputable source from outside the country. Cabinet still in emergency session.

I believe the President was flying over Colon and Chorrera today to see what can be done. I have no news about Penonome and hope you are OK. What a disaster!!!

As Explained in #18653, for slower reader..

...how difficult is it really going to be for PTQ to raise the cash they need?


According to MD&A, audited by Ernst&Young, sufficient funds are available for next twelve months to meet all plans. As noted by Loji, increase in POG up substantially from plan provides extra cushion.

Where's news on the new ball mill or ore coming from Spain?

Ore will be coming by end of fiscal year. Perhaps you totally missed the discussion over the last six months about the delay in getting the "go-ahead" from the Andalucian Government. That has now been completed as noted in the press release, and I believe we have hired over two-hundred people in Spain already. One never has control of the bureaucrats and we just had to wait like everyone else. Socialist Government wanted to have all their people in place down to the village level to be able to have their moment in the sun. Now of course they are very committed to see the project expedited. Ore will be coming by June as the newspapers in Spain have stated.

Ball mill run-in started on schedule in November as management reported in interview all is on schedule!

WHAT IS SO DIFFICULT OF COMPREHEND OR UNDERSTAND???? LOL!!!!

Maybe I can help answer...

"PTQ's problem is how does not getting a deal done asap effect finalizing the PP or how much the PP should be for?"

PP very difficult to close with macro economic situation. They will eventually sell all of the bonds. If money not needed then pay them off.

How will the lack of that funding impact PTQ's plan for increased activity and profitability?

According to MD&A, audited by Ernst&Young, sufficient funds are available for next twelve months to meet all plans. As noted by Loji, increase in POG up substantially from plan provides extra cushion.

Slower development of Spain?

Spain plan intact and actually advanced from original three year plan.

Where is that ore that was supposed to be shipped here by the end of the year for processing?

Ore will be coming by end of fiscal year. Perhaps you totally missed the discussion over the last six months about the delay in getting the "go-ahead" from the Andalucian Government. That has now been completed as noted in the press release, and I believe we have hired over two-hundred people in Spain already. One never has control of the bureaucrats and we just had to wait like everyone else. Socialist Government wanted to have all their people in place down to the village level to be able to have their moment in the sun. Now of course they are very committed to see the project expedited. Ore will be coming by June as the newspapers in Spain have stated.


Looking forward to an increased quarter of profitability whenever that gets here.

Q3 will be the next significant step up in production and profitability for all the reasons previously discussed over the last four months.

Have some extra cash to buy when Q2 numbers come out. Those who have no clue, understanding, and no source for information will sell. (I hope!!)

DONE, Effect on SP-NIL, Production down.

Notice of new line of credit from Global Bank. (Published)
Notice of initiation of construction of water plant in Spain. (Published Huelva papers)
Notice of completion of new heap leach pad and loading of same. (Interview)
Notice of Intent to File new NI 43-101 on LP reintroducing concept of open pit and doubling reserves in Spain. (PR's)
Notice of Andalucian authorization to begin operations. (PR & Video)
Annual General Meeting Circular and Proxy. (Meeting 29th)
NI 43-101 Pamilla. (N.I.43-101)

PRODUCTION WILL BE DOWN DUE TO EXPANSION START-UP AND VERY HEAVY RAIN. NO BIG DEAL...NOT BUILDING A SODA FOUNTAIN AND TIE-INS TAKE TIME. BIG JUMP UP IN PRODUCTION NEXT QUARTER WITH COMPLETED EXPANSION AND MAYBE DB DEAL HISTORY.

Inmet is on back burner. They have at least 18 months before the have to begin building roads or tailings ponds outside concession.
Don't need electrical grid until power plant built. They may not come to terms until they see how elections turn out in July 2014.

Petaquilla in no hurry to deal either, since we do not need anything from Inmet at this time. HT is just a little pile of debris in the rear view mirror, floating down the river. Speed bump has past and now it is back to normal work and progress. See you at the AGM....

Thanks PTY-BUAY, Inmet clearly misjudged.

I think it is a mistake for Inmet to play the wait and see game. Petaquilla will be a much more difficult target a year from now.
The two big impacts on EPS will be the termination of the PM facilities and the commissioning of the expansion. I vision that both will be accomplished in Q3. I was told that the tussles are over with Inmet and they are on the back burner, while PTQ concentrates on our own growth and expansion.

Our locations close to infrastructure in Spain will allow us to bring that mine into production very quickly. We should be ready to process some ore by the start of FY 2014. I am anxious to see the expected grades from the open pit scenario that will show in the next N.I.43-101.

All this rain lately has made it difficult to work, but it is almost over. Looks like we are going to get one more big event the middle of next week, and then maybe it will all go away as the convergence zone finally goes home.

Certainly don't want to be short now.

Going into the Holidays and the end of the wet season. The expansion is ramping up and Inmet is now on the back burner as there is no urgency for Petaquilla. AGM next week, Preliminary figures for Q2 within three weeks. Our circle has picked up about 250,000 shares between $0.45-$0.46. Short interest seems to be fading. We see no downside risk over the next month or so. January 15th filings should be very good, especially the MD&A. Q3 will be around 23,000-24,000 AuEq.

Quantum coming into the picture during November definitely helped hold our share price and we probably have the bottom and should be interesting even to the short term small traders. We still have some stink plans ready and lots of dry powder to take advantage if the opportunity comes. I think it was Monday we had a 100,000 share order at $0.46 and it did not fill. All of this is just my 'not-so-humble' opinion, but I think you are in good hands. I wonder if any posters are going for the brie and crackers next week!? At least we put our money on the line as we take positions at this level.

Others whine a lot, but hold very, very few shares. We are right about the green line at this level, and very happy campers. The worst case forward looks very good, and there is potential to do much better. "Those who are unwilling to risk, and lack the vision and fortitude to stay the course never will drink Champagne!!" Others less studious may make a few shekels, (half-ounce silver coin of course), but they will still be left groveling for the crumbs!!

Happy Thanksgiving to those in the States.

PETAQUILLA ES PANAMA!!

Perhaps you are right.

I did review the detailed plans of Inmet concerning their mine and it seemed to me that they were planning on ordering less equipment than they have now. It occurred to me that they increased the order from what I had been told because of the loss of PDI. Not too big a deal I guess. I do not have a reputable public source for the situation in negotiations.

Stockpiles are mainly gold, High & Low.

Aggregate is mined and crushed to order generally. The point was that Inmet has bought exact duplicates of PDI equipment for their work. It may not be so...but it is a reasonable expectation that:

1. Inmet is not contemplating getting PDI.

2. Inmet has expectations of reaching agreement with Petaquilla.

While it makes things easier short term, PDI does not need Inmet to be a very successful company. There is plenty of work. Right now Panama is short about 40,000 skilled workers, and there are a lot of contracts that go begging.

Look at what they bought!!!

hydraulic shovels/excavators and trucks to Komatsu Holding South America;ancillary and support equipment to IIASA Panama S.A. (Caterpillar);

Do we have to put this stuff in a blender before we spoon feed it to you? CONNECT THE DOTS!!!

Significance was missed I guess!!!LOL!!

TORONTO, CANADA - Inmet Mining Corporation is pleased to announce that its subsidiary, Minera Panama S.A., has completed the selection of mine mobile equipment vendors and has awarded contracts for the supply of: rope shovels to P&H Mining Equipment Inc.;hydraulic shovels/excavators and trucks to Komatsu Holding South America;ancillary and support equipment to IIASA Panama S.A. (Caterpillar); and rotary drills to Atlas Copco Drilling Solutions LLC.

The total order consists of 84 pieces of equipment that will be progressively delivered to site starting in 2013 in time for commencement of pre-stripping operations in Q4 2014 and ahead of the commissioning of the mineral process plant and first shipment of concentrate in Q1 2016. The total amount of the award for all 84 pieces of equipment is US$349 million.

Individual contracts have been negotiated with each one of the vendors for both the supply of the equipment and the maintenance and service of their fleet for the first 5 years of operation.

Capital commitments for Cobre Panama are currently in excess of US$2.9 billion. (Press Release)

Mante, Peta thinks it will be $1.64...

My guy says at least $1.50, but I'm not reputable
enough for the board, so we will just keep our own
counsel about the meeting today!

OK, no more information for you!!!

"reputable news outlets"????????

So the Berlin MAZ as the daily newspaper read by hundreds of thousand is affectionately called, it now determined to be a non-reputable news outlet??? Also Dow Jones, publishers of the WSJ who also carried the article german-investor was kind enough to post here is a non-reputable news outlet???

You wonder why you are considered just a mushroom??? Good Grief!!

WHOOPS!! DIFFERENT BROWSER, LOOK WHO POPPED UP!

Normally on ignore with the rest of the clueless.

Here is the fellow I was referring to:
Financial exec with broad experience in all aspects of financial accounting ....
Wayne Lee Chin Ing, CAIA, Head of Corporate Finance at Tata Capital.
Singapore ...

Surely you must have met him at one time or another at the Bombay House in Mumbai. But then, perhaps you do not associate with anyone from TATA. You should come to Panama, Switzerland of the West, and get to know people. Watching 5-O is probably limited as far as contacts and education goes. LOL!!!

Sorry too sleepy. Thinking of head of TATA.

Yes, of course, it is the analyst and not the financial head of TATA who was discussing the merits of a Buyout vs. JV vs. Access. That confidential conversation is not for publication so I can't tell you the names of the participants or their positions.

I guess following someone is OK if you cannot talk to them. Maybe you can write him a letter.

The article in MAZ was seen by over 130,000 new potential investors yesterday in Berlin alone. Nice to be above the fold on the front page!!

I assume you did not take the tour and visit the mines either ...LOL!!!! Your attitude precedes you and of course is in inverse proportion to your investment! Maybe you should sell short now that the Hong Kong conference pegs gold at $2,000.00oz. next year.

Going over to Huelva next week to look at progress now that we are working. Spend a couple of days in Sevilla just relaxing.

Good luck to you...just follow along and you will be fine. Raise your hand if you want to talk.

Although some of you admit using drugs here...

I do not and do not advocate their use. By the way I was on a conference call this week with the real Chin Lee all about Petaquilla. Every time one brings forth a legitimate news source and makes an effort to educate and share it is met with derision. Sad state of affairs.

Mr. Turk, as noted in the article, is a very large stockholder of Petaquilla. He travels to Panama to view the operation. Is in contact regularly with the BOD and Richard Fifer and has spent much more money on due diligence than those of you who criticize his views with little or no knowledge have even invested in this company.

Sorry about naming the wrong hotel, I was tired when I wrote the posts. I guess that mistake and Mike's typo were the most important part of the communication and we ruined it. You guys are pathetic.

It was Quantum and Inmet is back at the table.

Agreements are being worked on by attorneys.

I don't know who brought up what today, but maybe it was one of the fellows that I have on ignore since they know nothing an contribute nothing.

Quantum has tons of cash and could pay whatever is asked to get our Panama operations thereby putting Inmet in a very difficult position.

The best news of the day was the Berlin MAZ newspaper! It was nice to see a well done positive analysis by a reputable researcher talk about the future of our company in a very down to earth manner. The fact that it was picked up by several wire services is a good sign. I suspect that our volume now is due to the fact that more people are aware of our company. As each positive event is put into the record our fundamentals will improve and eventually so will our share price. We are buying almost every day, but stringing out our purchases over a little time in case there is another bump in the road that we do not see.

Excellent 175 page presentation today.

I especially like page #7 showing those tailings ponds right there in Petaquilla concessions along with the road, slurry line, and grid!! Did anyone go?? Take the tour??? Or even look at everything on the Inmet Web Site. They did a very nice job.

How about that front business page publicity in the Berlin MAZ??

Nice to see ya'all are keeping up on your home work!! Can't beat free food and drinks at the Buena Vista!!

Thanks 'german-investor', $14.28 in 3-5 years...

It was nice to see that the article the press picked up last night explains in detail how this is a reasonable target. I noted that this also included the spin out of PDI as a bonus. Those who take the risk and have patience will be rewarded in my view. The most important thing is that management and the large stockholders that count have the same view. I would take $7.50 today and that is about the same as $14.28 in five years with the expected inflation hitting the discounted present value analysis significantly in the last two years or so. Thanks again for sharing this with the board. It is significant that Dow Jones as well as the German press have pick up this article.

Loji, as I understand things...

(1). It applies to existing explored deposits like Lata and others. Once a decision is made, then it cannot be reversed as that of course could only lead to chaos and makes no sense. The issues are: (a) the extent of exploration that is and has been done. The two companies are fighting over this, as well as the sharing of results. (b) less than 5% of the probable targets on all of the concessions have been explored. Exploration could take fifteen years! If the divergence of the prices of Cu&Au continue Inmet is of course at a disadvantage going forward. Lata is a great gold deposit that will go to Petaquilla. I have heard there are three others likewise explored already that will go to Petaquilla.

(2). See #(1) above...no reassignment if exploration is completed and deposit once assigned.

(3).That bridge has been crossed and was much more detailed and complicated than just passing a law in the National Assembly. Almost the entire public is strongly in Petaquilla's corner and the government has interests and is very sensitive to opinion.
I don't think this is a problem, rather Inmet has got several more hammers coming down on them shortly and now a union lawsuit.

(4). Law of the land. Rights affirmed with non-appeal-able rulings by DRM the newly created entity just for mining and energy. Nothing to appeal they just read the Ley Petaquilla No.9 supported by all political parties and supported their decision with many citations. ANATI is the big gorilla in the room. They can tie up Inmet with permits and filings that would make every bureaucracy in the world envious. Their power is really great and they have given Inmet an ultimatum: Agree or Arbitrate!!! If you arbitrate it will take a gazillion years and "No Pemits for You!!" until it is over!!!

(5). The PP is really a non-issue for Inmet and was used just to harass the PTQ BOD and Management in the eyes of shareholders.If it went through they would get the money, if not so what. Their whole HT deal was not well planned or conceived. Only person I hear was selling was PMC on SH who said today he would take Inmet shares at $1.00 offering price. I believe that was 375 shares...!! It seemed almost a desperate effort although, I still think it was only to soften up their own shareholders to accept a deal when they have to settle accounts with Petaquilla. Inmets problem continues to be the potential fundamental growth of Petaquilla, and the fact that our people are fully aware of it. Inmet could never pay what we would demand to sell out to them. They have underestimated their costs and are still looking to sell an additional 10% share. They are stretched very thin. Therefore, now that they see this in front of their faces, it will come to all let's hold hands and sing together. What is holding things up is the devil in the details and of course the real look that Quantum is taking at Inmet. If Quantum so chose, they could come in and buy Petaquilla for something like $5.00/share and then just slowly squeeze Inmet to death like an Anaconda!!

Wouldn't it be neat to see Quantum launch a hostile takeover of Inmet if they did acquire Petaquilla. As I have said many times we are not for sale, but, a billion dollars for Panama and we keep Spain is an attractive thought. Or maybe for $7.50 they can have it all and we will move over to making peace pipe advances in Cerro Colorado!!

Don't forget to come, watch, and listen.

TORONTO, CANADA--(Marketwire - Nov. 12, 2012) - Inmet Mining Corporation (IMN.TO) will be hosting an investor and analyst site visit to Cobre Panama November 12 - 14. Following the site tour, Mr. Jochen Tilk, President and Chief Executive Officer, will be speaking on Wednesday, November 14, 2012 at 1:15 p.m. EST at the GMP Latin American Mining Conference being held in Panama at the Bristol Buenaventura Hotel. Slides of the site visit presentation and the GMP conference presentation will be available on Inmet's website prior to the presentation.

A lot of us are getting a kick out of how polite and careful Mr. Tilk is being while he is a guest here in the country. He has not had a bad word to say about Petaquilla or Panama.

A lot were hoping for 20% premium.

Nov 13 (Reuters) - Canada's Inmet Mining Corp said on Tuesday that it is not in talks with any party about a sale of the company or a substantial part of its assets, contradicting a British media report, and its shares fell 5 percent.

The statement from the base metal miner followed a report late on Monday on the website of the Daily Mail newspaper that suggested the company had held informal tie-up talks with larger rival First Quantum Minerals Ltd.

The newspaper article, which was unsourced, speculated that a takeover bid could be worth as much as C$5 billion (US$5 billion). Inmet's market capitalization, as of the close of the market on Monday, was nearly C$4 billion.

Shares of Inmet closed down 5.32 percent at C$54.44 on Tuesday on the Toronto Stock Exchange after the company denied the takeover rumors.

The Toronto-based miner said it remained focused on the construction and development of its $6.2 billion Cobre Panama project in Central America.

Despite the denial, a deal between First Quantum and Inmet could make sense, BMO Capital Markets mining analyst Stephen Bonnyman wrote in a note to clients on Tuesday.

"First Quantum trades at a decided premium to its peer group and Inmet at a discount, making a potential deal quite acreditive on many measures," he said, adding that Inmet is attractive due to its size and its stake in Cobre Panama.

"The potential acquisition would maintain First Quantum's copper focus while substantially diversifying its geographic concentration," Bonnyman said.

First Quantum operates copper mines in Zambia and Mauritania, and a nickel mine in Western Australia. Its stock closed down 2.46 percent at C$22.19 on Tuesday.

Inmet owns copper mines in Turkey, Spain and Finland, and holds an 80 percent stake in the Cobre Panama project in Panama, with the remaining interest held by a Korean consortium.

The company confirmed earlier this month that it remained open to selling another minority stake in that project.

Inmet recently backed away from a takeover of its own after its C$130 million hostile bid for Petaquilla Minerals Ltd failed to secure shareholder support.

That is sort of the way I read it.

I think one of the biggest quandaries is exactly how does Petaquilla and its holdings and rights fit into all of this?
We have several large issues to be resolved: (1) Gold deposits that both parties know exist on Cobre Panama that are to revert to Petaquilla because of the comparative Cu vs. Au values. Lata being the one commonly known. (2) Potential future effects if Cu continues to degrade in price and gold takes off thanks to the FED, EU, China, India, etc. (3) The cast in stone land rights of Petaquilla in San Juan, Esperanza, and Belencillo. (4) The trump card from the ANATI ruling forcing agreement or long, long, arbitration. (5) A ready aggregate source for Minera-Panama. (5) The short term increase in market Cap for Petaquilla as expansion kicks in, the PP, PDI, and Spain starts up. Everyday a solution gets more expensive.

No matter if it is Inmet, Quantum, China, or another party, these five issues have to be dealt with by whomever is going to develop Cobre Panama. This is like an ice jam on a river...nothing is going to move until we are dealt with, and our BOD wants to obtain full value for us. Something has got to give soon...

Loji, Cambridge Mineral Resources owns LP!!!

They are having their AGM on November 28, 2012. You can see their statement of ownership on their web site. Are you going to their AGM? Maybe they are the "secret" buyer of Petaquilla!! Just thought I should keep you up-to-date on this major news that no one is covering. CMR ES ESPANA!!!

Both statements could be true.

"...management has recently held informal takeover discussions with Inmet Mining Corporation,..."

"...wishes to confirm that it is not in any discussions..."

There is a lot of meat in the UK article for it just to be fabricated out of the blue. Lot's of companies named. Petaquilla has term sheets. Someway or another the conference in Panama at the Buena Vista, put together on very short notice, plays into this. Perhaps Inmet is trying to show the analysts that they are not selling to Quantum? Visitors on site at Petaquilla and Minera-Panama today.

The news source has a very good reputation for investigative reporting. "Word is First Quantum Minerals is being advised by Goldman Sachs and Jefferies and is ready to bid up to C$5bn for Inmet. Any deal will involve bridging finance of around C$2.8bn, which apparently will be provided by Citigroup, Standard Chartered and JP Morgan."

In any case, it is another spot light being focused on mining in Panama and that is good for everyone. Wonder if the market will even notice??

Obviously, you did not see term sheets.

You know no one who is involved from either side. I am afraid you go on the iggy, since nothing you post has any facts, details or contributes to the discussion. Good luck in the future and good-bye.

Thanks Loji, puts HT stuff in SEC records.

This might make it more useful for someone doing a legal brief.
Sort of formalizes our response to Inmet's actions and misstatements.

With the Quantum deal breaking in the UK this morning, I understand the very quick and "short noticed" two day conference scheduled by Inmet in Panama.

I hope Tilk ends up unemployed. This whole dust up with PTQ could have easily been avoided. It was expensive for both parties and totally unnecessary.

The market never took notice of the news from Spain. It was all over the newspapers there as you can see from the new addition to our revised web site. I have been told we will soon be seeing 3 million ounces of AuEq. moved all the way to M&I within a year!
We will be shipping ore to Panama before the end of the FY.

Thanks a lot Anski100, great news.

It is my understanding that we have some mutual contact points with Quantum and that our people are aware and have been consulted. It will be an interesting dynamic from this point forward. Perhaps Panama would like a new face in the neighborhood. I think you meant:
FROM PREDATOR TO PREY!!! LOL!! Tilk has been a problem during this whole deal and now he may be gone. Quantum was one of the entities that caused our BOD to reject the HT as presented by UBS. Some here tried to say it was all a ruse...typical mushroom reaction!! Always do your own DD and talk to those who are involved and know something.

BIG ENOUGH WHITE KNIGHT IN NOVEMBER???

Now I hope you can provide us with an analysis of the impact of this deal on our shares. Please provide the details. Maybe this is more like a Trojan Horse right in Mr. Tilk's back yard. Yes, we have been in contact with them! PETAQUILLA ES PANAMA!!

Petaquilla filed report with SEC 6-K today.

Have not been able to read it here.

Exactly likethesun, those are fundamental changes.

"Until then, all we can do is watch and wait for info on mergers, acquisition, or PP placement."

Markets are irrational and irrational people are in the markets. Friday the Spanish government gave us great news. It was confirmed in today's PR. It has taken two and one-half years to reach this point in Iberia. Within twelve months we will include the reserves and the 'pit scenario' with the completion of the twinning holes suggested by BD. No one ever has questioned the existence or accuracy of the reserves located by the two previous explorations. The complaint was only a legal, technical one, saying the the results were too old to be used in the N.I.43-101. With the now authorized twinning holes completed the Iberian reserves will be more than 3 million AuEq. ounces!!! Did the market react to this...no...it does not have a clue.

When the fundamental advances are announced as shown above within your quotation, the market should react. Will it??? I believe so, and purchased some more shares today. It does not bother me what others think of my perceptions. Many have different opinions, but few put any significant money behind their complaints. Short interest is drying up at this level and I think we will jump to the next plateau. A very significant analysis was issued today on Petaquilla in Europe and it is extremely positive. Maybe you can find it on the internet.

I tried for a couple of days, because I was asked by a disgruntled poster, to initiate an intelligent conversation about the trending of our share price. Yet no one, with one exception, could even manage to mount a declining analysis in a civil manner. Being a shareholder of Petaquilla and also Inmet, I receive very good information about the current situation. I am confident that things will work out to the benefit of both parties. Inmet has seen the necessity to move forward in a positive way in Panama for their own benefit. The program they put on today, and will continue, gives me confidence. The conversations at the Buena Vista are generally positive even when
off the record.

In my view, if you are going to be serious about this company, then you should listen to people who have educated, experienced, and informed opinions. The fellow with the analysis in Europe took the trouble to go to Panama and spend sufficient time actually studying the records, visiting the facilities, and talking with the BOD and senior management on site. Thus he is able to write a cogent report. Do your own due diligence and get involved if you are a serious investor. Certainly you should not
just listen to me or anyone else that you do not know, if you are doing anything more than fooling around with a few thousand dollars for entertainment.

Personally, I will continue to buy aggressively every day this month until that news on "mergers, acquisition, or PP placement" or agreement with Inmet is announced. My satisfaction will come when I go to the bank and not from kudos received or withdrawn from the board. I try to post the facts as I know and see them, because I see so many naive people led astray with some of the absurdities posted.

I firmly believe Petaquilla will be at $2.00/share before Inmet sees $100.00/share, but both are good investments and good for Panama.

Good Luck to you.

Press Release on Friday's Spanish news.

2012-11-12 13:11 ET - News Release



VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 11/12/12

Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) is pleased to announce that the titling process for its Lomero-Poyatos project in Andalusia has been completed.
The completion of the titling process culminates the Andalusian administrative proceedings enabling Petaquilla to continue work to bring the mine back into operation. During the next six months, the Company will move to final engineering and design, initiate developmental drilling, conduct bulk volume testing, and advance a National Instrument 43-101 feasibility study.
In October 2011, the Ministry of Environment granted Unified Environmental Authorisation (AAU) to the Company for the Lomero-Poyatos project, which comprises 13 concessions totalling 176 hectares.
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 - a region known historically for gold content. 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.
Joao C. Manuel, Chief Executive Officer
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

Contacts:
Petaquilla Minerals Ltd.
Joao C. Manuel
Chief Executive Officer
(604) 694-0021 Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com

Anyone going to the Inmet conference...

or taking the tour of Minera-Panama with Mr. Tilk? It is at the Buena Vista this morning and y'all are welcome. Get your questions answered first hand! Sure didn't get much feedback on my double request for a decline proposal, but I tried to have an intelligent conversation...MY BAD!! Mr. Tilk has been meeting with Petaquilla and attorneys. Do you know the results??? Stay tuned until you can read it in Panama America. Have a great day...seems we opened late and are holding fine. Time to go shopping....

Thanks for your 'good faith' analysis.

I don't actually do the buying button stuff however that works. My guy just does what I tell him. Your analysis seemed a little weak, but I understand that you want to buy at $0.30. What I was hoping for was some sort of explanation of how we should go from $0.50 to $0.30 in the short term. Of course, a buy at that level would be better, but I do not see it in our future. In any case, thank you for doing the best that you could to answer, that is all any of us can do. You use the talents that you have. No worries about the bank account...Petaquilla is not that big.

A second good faith request.

As asked from the board this morning, could someone who believes we should not buy aggressively Monday, make the case of why the share price should fall from its current level? We have been looking at the record all day and cannot come up with a decent reason why we should face much risk this coming week. Surely, someone on the board that has no faith can present their case so that we may take it into consideration. We have plenty of dry powder and think that we should use it now that we have won the war. We are just looking for some cheap Christmas money, like a new car or boat for example.

It you think we should sell instead of buy, please explain your reasoning. We await your analysis....we are here ready to give you the floor!!

Someone, please make the case for decline!

If we have news from Spain, 4th ball mill running today, all the non-appeal-able rulings from Panama forcing Inmet to the table, dry season starting soon, first large heap leach cycle coming to an end, and money coming soon either from PP or Inmet, how can we say that we will not go up over the next month or so from $0.50? Other than the 'chart thingys', that I don't understand anyway, I do not see how we cannot achieve $0.60 by Christmas, especially with Q2 preliminaries also coming out. That is some quick Christmas money and a pretty sure bet. 20% return in less six weeks is hard to pass up. 50,000 shares would give $5,000.00 as I +-see it. With luck it could be more. With the cost of money in the basement, the exposure would seem to be worth it.

So if someone can make a good case of why we should go to $0.40 instead of at least $0.60 by Christmas week....PLEASE DO IT BEFORE THE MARKETS OPEN.

By the way, I believe they are open Monday. If not, please post.

Plus, I almost forgot...Joann confirmed to me that PDI shares are still in-play... one for four..

Obviously, great buying opportunity!!

The news from Spain was great, and we will come to some terms with Inmet. There is no way at absolutely worst case that you would get less than $0.60/share no matter how you cut the cake! Contrary to what the TA, Charts, Tarot Cards, phases of the moon, global warming cycle, or any thing else but fundamentals tell you. The 4th ball mill is running, we are digging, processing, and selling. This will be the low if the market has any rationality at all. Hope to pick off a little more this week, while it is laying all over the ground.

It cannot. That is why you don't see it.

What I don't recall seeing coming from PTQ is that could also effectively scrub the Franco Nevada agreement deal with Inmet. I'm curious why that wasn't made public during the HT offer?

Read the agreement, I believe a copy is on file in Spanish, in Panamanian Government files in Panama City.