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Don't expect the sp back in the 30s for along time.IMO
I was blind sided and didn't realize things were going to take so long to complete and start up... I would of sold long ago had i known...
I regret not listening to the 20 posts a day.
I have two family members that wont even talk to me over this bs.
We need $1,800 gold price and a loan to get our money back this year.IMO
Can you spot any happy shareholders?
Where is the guidance for its 2015 fiscal year within the next 10 days?
Fifer is to busy fighting off shareholders to get this complete on time.
Has to be big changes for me to buy a single share more.
Congrats Ptq/ptqmf...new 52 week lows. Anticipated report should get us to MJK prediction of 4c.
plenty for sale at .62 today.
What is behind the pressure to keep the sp low?
Bought deal was done at 83c...is this punishment for the bought deal?
Due tomorrow.IMO
Much closer to MJK prediction of 4c.
RBC/Anonymous have been unloading giving us this great opportunity to buy cheap.IMO
I will remind you to sell when the buyout price comes in and we hit new highs
Fifer had a chance to put PTQ in a good position over 9 months ago with the help of one of your good buddies and didn't. Now we all suffer at 52 week lows.
This was Fifer's big plan to milk Ptq out of millions in July.
Fifer would be in for nice pay day once he is gone.
Take 120 days and multiply by 2 before even considering buying.IMO
We know Q2,Q3 are going to be as bad as it gets. You have to give some of the bashers some credit IMO
The bashers said 60 million would not be enough to turn the sp around this year. Fact plus correct
Who is going to buy now with nothing going on for 3-6 months?
Only way to get the sp back up is for Ptq to get some financing to advance projects sooner.IMO
Trust me longs know this and the reason why they want a halt.
Just imagine if Fifer had of taken a loan last year instead of being so confident he had it all under control. Cost me 6+ digits for his stupidity. I'm sure Fifer is getting his ear full this week.
I will wait for Part 2 next week even though I doubt it will make any difference. We need a miracle short term.IMO
TGZ has become my largest gold holding as of this month.
What are the odds of TGZ missing year end production numbers of 220-240koz?
I wanted a halt back in February that didn't happen.
I didn't sell yet as I was waiting for the next update in 10 days.
The company is undertaking a comprehensive production review and will provide further production guidance for its 2015 fiscal year within the next 10 days.
I know a friend that sold 350k in shares this week.
You and i know both know PTQ is screwed for the rest of 2014. It will take 3+ months just to get production in motion and another 3 months to show profit on paper at a minimum. You can only string along shareholders for so long before they all say SCREW IT.
We will probably halt for not filling IMO
SP has silenced all. It turns out UBS seller knew what was really going on after all.
My apologize go out to all those I called bashers.
Petaquilla looks dead in Panama.
I have just about had enough and will probably take a 6 digit loss in the coming days/weeks.
Will TGZ around?
Globe says Transat, others could be ripe for a takeover
2014-05-13 08:45 ET - In the News
See In the News (C-TRZ) Transat AT Inc
The Globe and Mail attempts to identify good takeover targets in its Tuesday, May 13, edition. The Globe's Tim Shufelt writes in the Number Cruncher column that Canadian companies were not inclined to acquire last year. Suffering from depressed commodity prices, the resource sector in particular stood out for its lack of dealmaking, notes Mr. Shufelt. He says while the first quarter was still weak in terms of Canadian mergers and acquisitions, there are signs of a rebound. He says M&A activity is reportedly gaining traction in the oil patch as well as the mining sector. PricewaterhouseCoopers says, "Although the numbers for this quarter are not great, strength in energy and a potential resurgence in mining suggest that M&A activity may finally be looking at the upswing we've been anticipating for some time." In making his picks, Mr. Shufelt looked for an attractive ratio of enterprise value to earnings before interest, taxes, depreciation and amortization. Mr. Shufelt only considered stocks priced at least 30-per-cent lower than their 52-week highs. His potential takeover candidates are Transat A.T., Teranga Gold, Rio Alto Mining, Serinus Energy, Timmins Gold and Pulse Seismic
Petaquilla Minerals Ltd.
TSX : PTQ
OTCBB : PTQMF
FRANKFURT : P7Z
Petaquilla Minerals Ltd.
May 12, 2014 09:00 ET
Petaquilla Minerals Ltd. Announces Growth Strategy
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2014) - Further to its news release of May 8, 2014, Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that its commercial agreement with Minera Panama, S.A., a subsidiary of First Quantum Minerals Ltd., both formalizes their commitment to the economic and social development of the Petaquilla mining district in Panama and provides the Company important capitalization to advance its growth strategy.
The US$60 million derived from the agreement allows the Company to completely address its senior credit facility, effectively eliminating its secured debt and precious metal and loan obligations, and strengthens the Company's balance sheet by reducing short term liabilities.
This recapitalization has also enabled the Company to restructure and to focus on future growth. In Panama, Petaquilla is focused on increasing gold production through plant and leaching operations at its Molejon gold mine to 4,000 gold ounces per month within the next 90 days. The Company has sufficient reserves at its Molejon gold deposit to continue production at that rate for a further five years. In addition, 152,000 gold ounces slated for leaching are presently stockpiled at Molejon.
Concurrently, Petaquilla will position itself for future growth in the Iberian Peninsula by focusing on mineral resource expansion and development of its Iberian properties, positioning them to generate cash flow in the shortest order possible. In Portugal, Petaquilla has completed approximately 12,000 metres of drilling at its Jales-Gralheira project and will soon engage an independent consultant to prepare a NI 43-101 compliant resource estimate, expected to be complete three months from commencement. The Company is also working towards a NI 43-101 compliant resource estimate at its Banjas project having completed a drill program of approximately 9,300 metres. The Company will target production in Spain and Portugal in the early part of next year.
The Company is undertaking a comprehensive production review and will provide further production guidance for its 2015 fiscal year within the next 10 days.
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.
Disclaimer. Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might", "will" or "are projected to" be taken or achieved) are not statements of historical fact, but are forward-looking statements. Forward-looking statements relate to, among other things, the estimation of mineral resources and the realization of mineral resource estimates; all aspects of the development and future operation and production of the Molejon gold mine and the development of other deposits; the outcome and timing of decisions with respect to whether and how to proceed with such development and production; the timing and outcome of any such development and production; estimates of future capital expenditures; estimates of permitting time lines; statements and information regarding future feasibility studies and their results; production forecasts; future transactions; future metal prices; the ability to achieve additional growth; future production costs; future financial performance, including the ability to increase cash flow and profits; future financing requirements; and mine development plans.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of the Company contained or incorporated by reference in this news release, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, political change, protests by native or environmental groups, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at the Molejon gold mine and other deposits being consistent with the Company's current expectations; prices for gold and silver and costs of labour and supplies being consistent with expectations; and the accuracy of the Company's current mineral reserve and mineral resource estimates. A variety of inherent risks, uncertainties and other factors, many of which are beyond the Company's control and may be known or unknown, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements.
Some of these risks, uncertainties and factors include fluctuations in the price of gold and silver; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company's ability to obtain and maintain all necessary regulatory approvals and licenses; the Company's ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company's ability to develop its deposits; the Company's ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company's ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company's interests in its property and mineral rights; and current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; and general economic conditions worldwide. Forward-looking statements speak only as at the date of this document. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements.
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.
Will both be profitable for us. IMO
50m comes before July 6, 2014. Market wants cash in bank.IMO
On execution of the second amendment, $3.3-million is being paid, with an additional $46.7-million conditional on PTQ meeting specific deliverables before July 6, 2014.
We need some insiders to step up and show they believe in the deal.IMO
House Positions for C:PTQ from 20140509 to 20140509
House Bought $Val Ave Sold $Val Ave Net $Net
13 Instinet 137,400 26,828 0.195 8,500 2,040 0.24 128,900 -24,788
15 UBS 31,500 6,771 0.215 0 31,500 -6,771
124 Questrade 30,000 5,850 0.195 4,000 960 0.24 26,000 -4,890
89 Raymond James 25,092 5,218 0.208 1,200 249 0.208 23,892 -4,969
9 BMO Nesbitt 15,000 3,380 0.225 0 15,000 -3,380
85 Scotia 21,500 4,844 0.225 9,000 2,075 0.231 12,500 -2,769
80 National Bank 4,500 900 0.20 500 122 0.244 4,000 -778
79 CIBC 10,500 2,073 0.197 7,700 1,573 0.204 2,800 -500
39 Merrill Lynch 1,500 297 0.198 0 1,500 -297
19 Desjardins 0 9,500 1,900 0.20 -9,500 1,900
7 TD Sec 66,000 14,489 0.22 114,952 23,703 0.206 -48,952 9,214
2 RBC 25,800 5,576 0.216 92,440 21,210 0.229 -66,640 15,634
1 Anonymous 43,000 9,109 0.212 164,000 31,503 0.192 -121,000 22,394
TOTAL 411,792 85,335 0.207 411,792 85,335 0.207 0 0
New 52 week low...I'm in need of a bucket.
Bigger pop will come when 50 million is received. You will have to pay higher sp to accumulate shares IMO
Going higher for sure IMO
May 08, 2014 16:00 ET
Minera Panama, S.A. and Petaquilla Minerals Ltd. Sign $60 Million Agreement
(In United States dollars, except where noted otherwise)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) - Minera Panama, S.A. ("MPSA") a subsidiary of First Quantum Minerals Ltd. ("First Quantum") (TSX:FM)(LSE:FQM) and Petaquilla Minerals Ltd. ("PTQ") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) today announced the execution of an amendment to the Commercial Agreement Term Sheet dated May 23, 2013 ("Second Amendment"). MPSA is to pay PTQ up to $60 million for a transfer of a range of assets and property rights. The transaction ensures there will be a complete separation of the current operations of PTQ's Molejon Gold mine and the Cobre Panama copper project currently being developed by First Quantum.
$3.3 million is being paid on execution of the Second Amendment with an additional $46.7 million conditional on PTQ meeting specific deliverables before July 6, 2014. An additional $5 million is payable after one year conditional on certain approvals being granted with a final $5 million payable 30 days after the first ore shipment from the Cobre Panama project, provided PTQ has fulfilled all of the obligations and achieved all milestones as set out in the Second Amendment.
Key aspects of the Second Amendment include:
PTQ to transfer 99,735 hectares of exploration concession applications in the region to MPSA;
PTQ to transfer to MPSA 551.5 hectares at the north end of its Molejon mining concession area to support current planning of the Cobre Panama mine development;
Termination of the Aggregates and Screened Rock Purchase Subcontract dated May 23, 2013, without liability to either party; effective June 30, 2014;
PTQ to transfer to MPSA sole ownership of the Llano Grande Road which is the main access road to the Cobre Panama project area, and ownership of other access roads as well as rights of way along MPSA´s electrical distribution corridor;
PTQ to transfer to MPSA 833.3 hectares of land (both title and possessory rights) which comprises all PTQ land holdings within a 30 kilometre radius of the Cobre Panama project (excluding the Molejon concession);
PTQ to waive any rights to the Botija Abajo, Brazo, Balboa, Colina, Botija, and Valle Grande copper deposits or to any mineral deposits outside PTQ´s residual portion of the Molejon mining concession area; and
PTQ to provide future collaboration, assistance and support in connection with MPSA´s current surface rights applications, Law 9 amendments and any possible future expansions of the Cobre Panama project.
Execution of the Second Amendment ensures complete development and operational flexibility for the Cobre Panama project by providing MPSA with ownership of all concession application areas surrounding the Molejon mining concession and control of surface and access rights outside of the defined Molejon Gold mine area.
PTQ will continue its operations of the Molejon Gold production facility and Panama Desarrollo de Infraestructuras, S.A., PTQ's infrastructure division, will continue to operate its infrastructure within the Molejon Gold Project concession
HALTED !!!! I hope it shines
My math is 90m is worth 38c a share...100% you will never see on this board again. Question is> how many years will it take to reach that point?
All is for sale at the right price.
We would sell our 2 million shares for 90 million.
How many continents left to sign?
What are we wait for?
Same song for months. After May 15? what is the new date?
Wasting another Q is what i see.
Punished for the bought deal...Wish i had held EDV
Approaching 50 hours and nothing. Days and maybe even weeks
DR.AIRTIME- Any thoughts on TGZ conference call & Q1?
Increase in trading today suggest we are days away IMO
Canaccord has added over 1 million shares and continue to buy.
I made money on every other Gold junior that I bought over the last 6 months expect this one.
Lets face the facts
No buyers with a deal that is suppose to be worth more then the current MC.
Anyone that has invested in PTQ over the last 5+ years is in the red.
Fifer is flying his private plane instead of doing any work...You hit it on the head as to why we are trading down here.
I sure wont be buying any of your shares that you may be trying to unload.I bought enough of your UBS shares as it is.
You can bet you wont see me here again if we ever hit 38c.
We have been waiting for your so called SEDAR for months.
I can see why we have investorshub full of bashers due to all the miss leading statements.
PTQ is losing money as we speak
Nothing being produced to lack of funds
I will be watching SEDAR next week to see you post on Friday a later date to watch for SEDAR.
MJK111
As usual, we continue to buy regularly and are very happy to acquire shares at these price
You claim to be buying and no shares are being traded. When my group was buying you saw volume of 500k+ and it would of continue if it wasn't for all the lies.
What did your group buy today? 800 shares...start buying 10k worth of shares then you can claim to be buying.
My group wont buy a single share until news is released. Sick of all the dates being posted and nothing comes to friction. Check your level 2 and you will see the market agrees with me.
PTQ is dead money with out a deal.
What has ptq been doing for the last 4 months?
Signed: PISSED INVESTOR
I switched my EDV for TGZ... bad move by me
What do you estimate q1 profits will look like?
Ridiculous amount of time for a deal that was suppose to of been announced by the end of Q1. Fifer is running out of excuses and will have to answer to shareholders. All this waiting better be worth it.
Only egg we got was a big bs egg full of more lies and excuses.
Fifer laid it himself