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whats wrong with Petaquilla website?
never mind it's OK now.
Common Mjk-old friend why don’t you share with your fellow members what you hear, I am “ all ears”.
Rumors are fine too.
(those hours you spent on a stool might paid-off)
XAG is perfect to trade . Too bad we don’t have someone local from that area posting about , like mjk does from Panama. When do they have to report next time ?
I hope you don't mind them to hold x-tra ore on a side, if I remember correctly - it was difference between mined and poured.
Yea, with enough time - drip of water will break the rock.
Jal, 2200 oz is better to use in the " raining day ".
Yes, let him have it:
"
Environmentalists branded as 'traitor' to the council of Donoso in Colon
CONTROVERSY. Township dwellers of Miguel de la Borda, Donoso District, opposed to mining, branded as "traitors" to the mayor and his Villarreta Feliciano Municipal Council, chaired by Alberto Ali Mula, during the founding acts of the district.
Apparently, the designation of Minera Panama as a champion of the acts angered environmentalists. Polo Diana Delgado, spokeswoman for the group, questioned the authorities because in the political campaign promised to reject the mining industry, but now support it.
AMADA RACER
jal, volume is very small actually, less then 200k between Canada and USA, no worry..
]Mjk, in your next life – you should be a stand-up comedian. I just bought a few more shares and you telling me they are 64K oz producer- giving them ( according to my calculations) aprox. $ 0.80 a share.
Likely you confirm that was a joke while I was reaching for aspirin trying to avert a mild heart-attack ;0)
I am so glad having you on a ground just a crow flight away reporting latest and greatest.
Mjk, I still would like you to answer my post. Is an honor mean anything in Panama ? ( for the business person)..
May be it is fair to say that business in Panama is still done old fashion way, when shake hand mean something or your word... Or pride, ( there is a good spanish expression comes to mind)... I am guessing, what you thing Mjk?
Mining promote peasant march in support Penonomé
1530422
DEFENSE. Again, farmers, community leaders and workers of the mine-ras companies backed by Petaquilla Gold, are manifestations were to express support for the development of mining in the region of Donoso.
This time the march took place in Penonomé and culminated in a rally involving the mayors of several districts in the provinces of Herrera, Los Santos, Veraguas and Cocle.
The demonstration, called "March for Life, residents attended Coclesito, Villa del Carmen, San Juan de turbo "
I say : more power to them !
Good read :
Silverprice.org
Quick look: Silver up 5.7% (two bucks) for the week. Stop fighting it, and climb aboard. Gold, up ten bucks but lots more fun coming in this ride. Gold/Silver ratio hitting new lows. Dow in Silver ounces hitting new lows. Dow and S&P500 sneaked up this week. Dollar index gained.
I don't want to hear any whining and whinging about GOLD today. Merciful heavens! It rose six days running and hit a new all- time-since-creation high this week. Give it a break. Closed above the 20 DMA ($1,421.58), losing 8.70 to $1,426.20.
Still trying to parse that Gold chart, what emergeth? A rectangular consolidation between 1308 and 1435. When it breaks out of that box, it'll add $110 so fast your head will be spinning like that girl in The Exorcist. (Right, I probably could have picked a more palatable comparison. Sorry.)
Never mind all that. I feel like I'm waking up from an evil spell, cast on me by the gold and silver bear wizards. "Expect it to go down! Expect it to go down!" they kept droning at me, then my brain woke up and said, "Are y'all CRAZY? We are in a primary uptrend, a bull market, and there is one and only one strategy for a bull market: buy, hold, and keep on buying because it's going higher!"
Mercy, I have fallen into the same trap I keep warning y'all against. It's a bull market, stop worrying about corrections. They won't amount to hill of baked beans. Get long - stay long-- get longer.
That brings us to SILVER. Stop doubting. It's running away, and about to run harder. Silver today was forced to give back 33c, but didn't give a flip and closed above 3700c anyway, at 3705.8c. Traded up in the aftermarket. Let's stop talking about corrections and start looking for, oh, 3900c, 4200c maybe, before that happens.
What are the floors? Silver must not close below 3650c, 3570c in a pinch. Gold wants to hold above $1,420, and $1,405 for sure. If y'all see the lower end of those prices, buy. Yes, someday, maybe soon, they will correct, but when they do simply buy more.
GOLD/SILVER RATIO touched more new lows this week. Closed today at 38.486. Shhhh -- Listen. Come close and I'll tell y'all something you won't hear anywhere else, but don't tell anybody. At 38.486 the ratio stands below its 10 year, below its 20 year, below its 30 year, below its 50 year, below its 60 year, and below its 110 year average. In fact, it's nearer the 220 year average than the 110 year. Put that into perspective: the 10 year average is 60.53, 22 points higher.
Friends, the big run has begun.
Those Biblical scholars among y'all will remember what weapon Samson used against the Philistines in the 15th chapter of Judges. Just to show you some technology never goes out of style, the Federal Reserve unlimbered Samson's weapon this week against all the heathen who trust not the dollar. Three Federal Reserve governors whacked them hard with Samson's weapon, and old Ben the Buffoon even jumped in with an announcement that he would in future hold quarterly press conferences to announce what the Fed is doing. Be still, my beating heart!
And Samson's weapon worked well enough to lift the dollar almost a full percentage point. Today the buck gained 57.8 basis points, climbing in fact above 76 resistance to roost at 76.234. Now the scrofulous dollar has lost a few feathers here lately, plucked and picked over by the market, but that turkey could still fly up to a high roost this week.
What do you reckon the Fed will do? Will they stop the printing presses when Quantative Easing 2 expires in June? Or will they do QE3? Can a mad dog stop drooling? Institutionally, politically, monetarily, economically, intellectually, those Keynesian dodderers can't do a blessed thing but keep on inflating. However, the dollar is due and overdue for a rally, on its way to oblivion. Did it reach a double bottom this week with last November's low? Might have. Might have, but needs to top 77 before I'll even consider it. I've been suckered one time too many by the dollar.
And, Buddy, you can HAVE that euro for my money. Ran straight up on news the EU had reached an agreement, maybe, to bail out Portugal but Portugal, amidst resignation of its government, says it doesn't need a bailout. Right, and pants don't need zippers, either. Here's the crazy-maker: on this, Portugal's bankruptcy brinkmanship, the ECB is making noises about RAISING interest rates. Well, that will certainly help the Portuguese, the Spanish, and whoever else is on the Financial Critical Care list. Reckon that's all the ECB can do to protect euro's exchange rate in the face of the inevitability it will flood the world with more euros bailing out its bankrupts.
Technically Euro yesterday lunged upside in what looked strong, and stopped at 1.422. It paused, and then fell like an anvil tossed out of a third story window, clean back to the sidewalk at 1.406 where where it bottomed yesterday. This has a sloppy, key-reversal feel to it. And that island reversal on the longer term chart remains in play. Only a close above 1.4244 would negate it's deadly warning.
NGM still have a leash on the yen. Rose a little today to 81.40/$ (122.85c/Y100).
STOCKS have now bulged their way clean up to the downtrend line and are threatening to break through it. That's like a dog with dentures growling at you. Watch out! He might gum you to death, if he doesn't fall asleep first or take a coughing fit.
Listen, I call 'em as I see 'em, and nobody with two good eyes can look at the Dow or the S&P500 and fail to see a broadening top that is begging to tunnel to the earth's core. Now those NGM may be able to make flatirons float airborne for a day or two, but I place my money on gravity in the long run.
Dow today rose 50.3 to 12,220.59. S&P rose 4.14 to 1,313.80. Before anything significant takes place here, Dow must first best the March high of 12,283.10 (intraday) and then in short order breach February's 12,391.29 high. I doubt it, BICBW.
On this day in 1894 Coxey's Army of the Unemployed set out from Ohio for Washington, DC. It was a year after the Panic of 1893, second year into a 4 year depression. In those days, friends, the imperial government bilked the people in a different way than they do today. Back then they did it with Deflation, but in our Enlightened Day they do it with Inflation. 6000 men finally reached Washington in April and the intensely sympathetic federal government (no change there) had the leaders arrested for walking on the grass at the Capitol (no kidding).
By the way, deflation was the deliberate policy of the Republican run government (owned by the plutocrats then, too.). The deflation had several causes, one of which was shrinking the huge issue of fiat money from the war, then resumption of gold redeemability in 1879. But before that the Crime of 1873 demonetized silver, leading to the devaluation of, say, 15% of the money supply. But you must understand and have compassion on the needs of the bondholders. They had bought those bonds during the war with good paper money, 50c in gold on the dollar, and what would happen to the national government's credit if they weren't paid back in appreciated dollars fully redeemable in gold? Why, it would have been a shameful catastrophe, so once again, the Treasury and the nation's prosperity were sacrificed. As the French like to say, "The more this here changes, the more the same thing." But they say it in French, of course.
Great ! Guess I have to come up with couple coins fast .. ;0)
Gesh LOj, what about April 15 ? that is what yahoo confirms..
Hi FWH, I am also planning to add more XAG shares,- got some money coming next week, and will check this weekend ASLRF and ACTC - thanks .
PTQ -? I got lucky and make some money (got in at 0.65-sh)- so now I pull all my original investment and running on free shares only. I do planning to add some before they report to catch some action ( also rumor of PDI split)- then I will re-evaluate my holding there. Also there is a sentimental factor with PTQ – my first mine investing ;o) – call me old fashion, I know – need to separate my heart and not to fall in love with the stock ..hmm
Mjk-? – smart , older gentleman ( 72) a lot of knowledge, but opinionated and hot tempered...
E-trade - same thing, I wish we were be able to trade on Toronto X, but got to do what we can..
Yes, just like you , I am very excited about Xtierra and will be slowly building my position there.
Small play: STK.V - Strike Minerals , $ 0.10 , Canadian company operating in Canada, rebuilding older gold mine, they have to pump the water out and basically ready to go. Only 300000 oz gold but they are adding more by drilling nearby property with history of gold mining, what is attractive is minute float, just 71 mil. shares.. any way check it out , there is a board on SH with former PTQ guys and IH .
I have small position with Great Panther, I should of got in when you mention, ;0( but still making 30% profit but very cautious at this level, may be another 30 at best…
I am very excited – waiting on my silver coins from GPL store coming soon in a mail … yea !
Well got to go in a basement and run some wires, I come-up with a good saying not to mess-up:
“ black is gold, white is a silver and green is a ground …- dirt.. hmm Ha-ha.
Have a great weekend
( And excuse my English )
VB
Friday OT:
Mjk, keep us inform, Geiko has been doing good job while you were fishing, property hunting, etc. ;0)
Its fri... snowing here in Ohio, I’d rather lay on a sunny beach sipping Mohita, ha-ha.
Running wires in my basement and trying not to mess-up: black is gold, white is silver … green is a ground –… dirt… hmm. You see how layman knew it all along and we just figured it out... He-he...
here we go, I will make sure to own as much shares as possible before April 15 and specifically May 30.
FWH, nice to have you here , just a few of us , but it will be growing with time. Minco, Pacific and Sprott holding 70 % of all shares !!! So you can see what will happen when retail investors find –out and institutions begin to pump it, but first they have to build a mine and start to produce silver.
I mention this to Mjk, but he does not want anything to do with Mexico ? ! I reply but Lo deleted my message also. Mexico, as you know , is a power-house when it comes to silver mining.
This is much better board for silver discussion; MWM does not mind new ideas.
Also SH has board for XAG. Anyway , it is great to have you here. After fiasco with PTQ as DVM warn us I started to look for different plays. I still have some PTQ, XAG was my first find, took position but planning to add more. Then there is an interesting small play in gold: STK.V – a few members from PTQ are there, 1Best recommended it and after some DD I took a small position, it is a 0.10 stock ;o) but it is Canada... if you interested I’ ll tell you more about it , In mean time let’s learn all we can about Xtierra , may be one day it will be X-Panther Silver ;0))
Just give it some time and investors will come back, news has to sink-in and quarterly report printed-in.
“ When you build it – they will come “
Why so much gloom and doom , Mjk ? I predicted $ 2.00 by Fall and we are just churning along. As soon as Q results are published – investors will fly to us like flies are flying to the sh... ;0))
FWH, I am already in it, there is message board on IH and Stockhouse for that. Come over there - we'll talk.
VB
Mjk, what is going on locally ? I checked a news papers and mining issues all but disappear from everyone's mind. Are Indians still negotiating or drinking coffee ? And Martinelli is " silencio" ?!
On a sentimental note: I can't wait to get my silver shipment from Great Panther. Do you think one day we would be able to buy gold bars directly from PTQ store with their logo on it ?
I look at them a few months ago. They are in exploration stage, drilling, etc. They do not have mine build yet, so it is a long shot. We have a real winner here, still under radar, but not for long.
“All aboard!” – Train just about to depart...
At least they didn't turn around and sell them right away. They choose to keep shares - I'll take it as a positive and will keep mine. What about you ?
directors are buying:
Mar 09/11 Mar 09/11 Levy, David Isaiah Direct Ownership Options 50 - Grant of options 50,000 $1.110
Mar 09/11 Mar 09/11 Manuel, Joao Da Costa Direct Ownership Options 50 - Grant of options 50,000 $1.11
[]
Don Winner on Indians :
Editor's Comment: Someone must have explained to them that there's copper in the ground worth about $900 billion dollars, and unless they let someone else in to extract and exploit those resources, they will stay underground forever. The government has learned their lesson when it comes to dealing with the various indigenous groups - you want them to be on your side no matter what. If not, they can make your life really, really miserable. So, take your time, play nice, make them happy, and get what you want in the end.
Little dreaming/ theorizing here:
We know that River Gold produced 30000 oz gold a year, let assume that we will produce
40000 oz year (conservative). Price of gold $1300 – production cost- 600 = $ 700
40000 x 700 = 28,000,000
Let us dilute a bit for future expenses and say O.S. = 82,000,000
28,000,000 / 82,000,000 = 0.34
0.34 x 4 (accepted industrial multiplier) = $ 1.37
STK will be $ 1.37 stock... am I wrong? Any other calculations are welcome.
new high will be 0.70
go baby
It is quiet before the storm... shh... Those dogs are barking – throw them a bone and move on with a caravan...
High volume- something is up ?
STK got good drill results, I posted on site..
News Flash, someone posted :
Strike Minerals drills 3 m of 11 g/t Au at Edwards mine
2011-03-21 08:45 ET - News Release
Mr. Michael Newbury reports
STRIKE MINERALS INTERSECTS HIGH GRADE GOLD
Strike Minerals Inc.'s drill hole ST 1-11 on the Plowman No. 2 zone at its Edwards mine property in the Wawa area of Ontario has intersected a rusty bleached, highly siliceous section with quartz veining containing up to 30-per-cent sulphides that assayed 11.19 grams per tonne gold over 3.66 metres (0.326 ounce per ton Au over 12 feet) from 124.5 to 128.2 metres downhole (minus 300 feet vertical).
These assay results are from recently logged and sampled core from a diamond drilling program that is still in progress.
The purpose of the drilling program was to test the geology, structure and delineation of the mineralization proceeding toward a resource calculation. In previous drilling in 2006 to 2007, while testing the deep extensions of the porphyry and carbonate zones, this rusty weathered zone was intersected in hole 06-5, assaying 7.65 g/t Au over 2.6 metres (0.223 ounce/ton Au over 8.5 feet) and in hole 07-2 assaying 27.8 g/t Au over 3.66 metres (0.811 ounce/ton Au over 12.0 feet). Hole 06-5 is located on Section 2+00E, ST-1-11 is on Section 2+50E and 07-2 is on
Section 5+00E. This new intercept appears to extend the potential strike length to 100 or more metres. The zone appears to have an average thickness of 10 feet and some highly significant gold values.
A total of four holes and one partial hole have been completed to date. All five intersected the Plowman 1 zone, three on Section 2+50 E at minus 170, minus 310 and minus 515 feet (minus 52, minus 95 and minus 157 metres vertical depth), one on Section 4+00E at minus 500 feet (minus 152 metres) and one on Section 6+00E at minus 450 feet (137 metres). While these intercepts indicate the continuity of the Plowman No. 1 zone, assays have only been received for the first hole.
Note: Intervals indicated are actual core lengths, and true widths of identified zones have not been estimated.
Drilling is continuing on the property, and additional samples have been sent for assay; the results will be reported as received.
All technical information in this press release has been reviewed and approved by Mike Newbury, PEng, who is a qualified person under National Instrument 43-101.
Gloom and doom according to this guy :
http://goldscents.blogspot.com/
That was a good read , Lo. Thanks.
Deex , I am calling for $2, mjk is calling for $3 and my wife is calling me to help her with a pinnacle game. I still want my PDI shares on May 31 as rumored/promised.
Pour me that Malbec babe – I am ready.
Hmm… kudos, may be one day I will be able to buy gold bullion directly from PTQ, with their own stamp. That would be something to show your grand-kids.
you did good Mrgreen, 10% is a fare reward, agree there are good people still there. World would be a sad place without them.
Yes, if I can add, “black swan” event shake us all up, “Honeymoon was over” as someone said. It made me to diversify my portfolio, I am sure a lot of people did. PTQ still remains a biggest part but not the only one.
Thanks Lo, feel free to delete my post, it's not as funny as i thought ;0(