Older
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Happy New Year!
Still here, still buying, still making money. People complain out of envy because the did not get a piece of the PP. Wash sale rule expired just in time last week! More shares than ever before and more to come. Hope you all are happy. Pays to be informed and pro-active. 2014 should be very good for the sector, the company, and the country. Warrants expiring and no net dilution for 2013. CD firmly in control. Cobre-Panama will be developed, but I'm not 100% sure by who. Maybe a new language to learn....Life is good!!! Good tickets still can be had at $5,600 for Superbowl!! Enviros still stuck in the ice from 'global warming'. LOL!! Continued health an prosperity for those of good heart!! 86 Degrees F. on the beach out front at the moment, beer is cold, steaks on the barbie!!! Great day to sail...and surf is up today!!! FQM still stuck on the road. Learning a hard lesson! Road open for locals and Petaquilla people.
Feliz Ano Nuevo!!!!!
No such thing as a 'planilla employee'.
No such place as 'planilla'.
However, I did talk to Miguel Edwards of Central Convergencia Sindical, and agreement was reached with PTQ to pay employees at 8:30 AM this morning in cash. It would seem to me that this was
some sort of a political false flag as PTQ has more than enough cash on hand to pay current bills. Seems people wanted pay on the 31st instead of the 1st of January. Guess they wanted to party!!
Smells a little like the story of the non-existent ponds, leaking non-existent cyanide, into non-existent river last time. Remember opposition hauled dead ocean fish up to Molejon, dumped them in a river outside our watershed, called in the press and claimed we had killed the fish!!
Anyway, photos of protest march in the papers and article resolving the issue will be up shortly in the press.
Happy New Year!!!
Bad with the good....
Apparently Molejon shutdown. Over 1000 workers in street in Penonome. Police sent to La Pintada. Road to Minera-Panama and Petaquilla blocked. Can't get supplies of food to mines.
Maybe all of you already know this, but no one commented on the facts so I thought I should post them. I'm sure your contacts can fill you in with the details of the dispute.
Pink, Bobby, and Badge.
IMO you should use this time and opportunity to average down. This will be a very good year for us. As I have posted often, buy at $0.30 or below and sell at $0.50 or above if you are trading. If long term just keep on keeping on, and accumulate more when you can. The political events this weekend ensure that CD and Petaquilla will be here for many years, as will Cobre-Panama. Election in four months, and good things are happening as you have been told. Those who are talking about instability, bankruptcy, $0.10 a share prices are simply ill informed, and have no idea of reality. The lemmings have capitulated, although there may be a few more to jump over the cliff. No worries, we are in very competent and connected hands and the future is bright.
This board can still be a useful source for informed discussion if you just pull the weeds...Comfortable with our positions, along with other major stockholders, as the saying goes..."THOSE OF US WHO KNOW...ARE NOT VERY IRRITATED BY THOSE OF YOU WHO THINK YOU KNOW." The storm has passed; the seas are beginning to calm. Q2 is much better than Q1, and even it had a Gross Profit from operations as shown on the P&L. FQM has been shown the way.
Back to football!!!
Saludos,
HAPPY NEW YEAR!!! WARRANTS EXPIRE TOMORROW!!
Good morning, some interesting facts.
Interesting article and I'm sure the writer is not a big favorite of the company or our chairman. Board has been very quiet with the three I now have on ignore, but seems to make more sense.
Turning to the article I think the following points should be made:
1. FQM seems to have more problems not related to Panama, with the exception of the bond issue, that has occupied their rather thin and lean management team. Their work in progress plans have actually identified larger savings to be made than were originally hoped for in their previous statements. Some 'analysts' may suppose differently, but they are wrong.
2. PTQ may or may not produce 40,000oz. AuEq. in 2014. However that is well below the current budget and is not supported by any management member. Several posters herein have called for a cessation of gold production above what is committed to in various agreements until the price returns to a higher level. Of course the offset is to maintain good will and a full work force. At $1,200/oz the company is very profitable with low production costs.
3. Richard Fifer is well known world wide as the 'father of mining in Panama'. Actually there are dozens of web sites telling his story in many countries, particularly in Iberia, Australia, and China. He was recently made a Caballero de Guadalupe by the Spanish Crown and Catholic Church in Spain for his good works.
4. Promoting is probably not he best choice of word but the Chairman and BOD are definitely moving forward with the PDI subsidiaries that will be far larger than Molejon. All of that is old news and has been included in many corporate presentation over the last three years, along with detailed plans and photos. The Lifestyle Project as it is called herein below, does depend on the development of Cobre-Panama, but not on FQM.
5. Richard Fifer does not own a large tract of land around any mine. Yes, there will be housing, stores, schools, shopping center, hotel, and infrastructure to support the 25,000 (not 5,000) direct and indirect employees, and their families, surrounding Cobre-Panama. Houses will be sold and not just rented. Again pictures of the buses, planned infrastructure have been shown for several years in the archived presentations. FQM also has some photos of such developments at their other locations around the world.
6. Richard Fifer draws a normal salary for his position. However, it might be mentioned that Petaquilla is just one of eight companies from which he is compensated by the individual Boards of Directors setting his salary, and in fact is well known to donate to foundations and charities far more each year that his salaries. So other than to raise a point for class envy, Petaquilla salary set by the board is not an issue or a concern for him.
7. The financial condition of Petaquilla while still a concern and an issue to be addressed, has improved greatly this last quarter. In addition, 33,772,848 warrants and options expire over the next thirty days reducing dilution exposure significantly.
WHILE THIS ARTICLE REFERENCED HEREIN ABOVE SHOWS SOME BIAS, IT IS VERY USEFUL AS A POST SINCE IT PROVIDES THE OPPORTUNITY TO SET THE FACTUAL RECORD STRAIGHT, AND UNMASKS THE PREJUDICE AND AGENDA OF THE STOCKWATCH BUSINESS REPORTER.
The Lifestyle Project is still very long term depending on the pace of development of Cobre-Panama. That hinges more on FQM and its relationship with Panama. Only thing certain is that Petaquilla will be there from the beginning to the end in my opinion.
redflame,
You need to look at the structure and who participated to understand. That dilution will be more than offset by the expiration of the warrants, and really means nothing in the grand scheme of things. Only ones not happy were the ones who did not participate, including a few here. Probably not much more to talk about until around the end of February. It is the dry season and time to just give PTQ a rest. Politics is much more interesting right now and will dominate the news. Now it is time to celebrate and await the new year.
Saludos,
Lessons for the year;
1. If you share information about PTQ that is logical and factual you will be criticized, ridiculed, and your words will be twisted out of context by those who know, at best, very little about the company, and nothing about current events or future plans.
2. Everyone knows that the decision by the BOD and large stockholders to hold on to PDI instead of spinning it out was probably the best decision for the company and stockholders in the last two years. It has allowed us to maintain a Gross Operating Profit even through the last difficult quarter.
3. PTQ is stronger and more resilient than most have given them credit for over the year. Next week most of the outstanding warrants expire.
4. FQM is learning that they must keep all their commitments to Panama if they are to keep their concession. Judging from their past history and general method of operation, they will do exactly that. PTQ of course, is in that equation.
5. The recent election expanding the BOD and making Don Christopher Colon de Carvajal the permanent new member reaffirmed the judgement of the BOD in the eyes of shareholders the decision to bring him on board and move forward with Spain.
6. PTQ and FQM have been talking constantly for nearly five months concerning the development of Cobre-Panama. This is not done in a vacuum. Each time the teams have come up with a possible solution one or more of the four parties involved have not approved. Several times things were very close, even to the point of finalizing documentation, but then some unforeseen circumstance prevented conclusion.
7. The BOD is well aware of the value of Petaquilla and has no intention of selling the company outright. There are several schools of thought about the best way forward and all are considered. As a group the large shareholders definitely support the BOD and Chairman.
8. The share price fluctuation are predicated and produced on a churning of a very small percentage of the OS. They certainly bear no relationship to the actual value of the company and this is definitely not predicated on the 'value the market places' on the daily share price. Only about 1.5% of the stock is traded on a daily basis.
9. The large shareholders have lost nothing with all these fluctuations since they do not sell or trade their holdings.
Many large shareholders simply accumulate more shares when it seems prudent to do so.
10. For those who trade a few shares and wish to pick up some smaller amounts through their efforts, it has been very profitable to buy around $0.30 and sell around $0.50 for many months. Dollar values are tiny because of the volume but some spending money can be had by those who like that sort of thing.
So...just relax and enjoy the holidays and the bowl season.
Saludos,
Biggest decision at moment for PTQ...
Who is coordinating the Green Wave invitation only party, and helicopters to the dome?
What Mr. Nicolas Riciarrdi, (at least you could spell is name right), told you, is well documented in the public record in the courts and at MICI as well as two other cabinet level departments. It is very complicated and very precise. The simple bottom line is that Panama calls all the shots and has all the power.
FQM is on a very tight schedule to meet certain milestones, and the natives are restless. Their first two proposals obviously did not pass muster, and they are now on a third re-write. Their concession can be removed in 24 hrs. at any time Panama sees fit. If they do not live up to their promises that are on file they will be gone.
Cobre-Panama and all of the mineral rights are owned by Panama not FQM. Read the Ley Petaquilla and ensuing filings from when FQM was allowed in, and you will learn what everyone else, from the car washers in front of the Cuban Embassy, to the Board Memebers of the Camera de Commercio next door, all know.
When you combine the politics, the canal disaster, Sacyr insolvency, the election run-up, the financial losses Panamanian elite are feeling from investments made in Cocle and other areas based on Inmet/FQM promises, nationalization of the whole mess is remotely possible, but possible. Canadian, US, German, or any other jurisdiction's laws do not hold any water in Panama.
Impact short term on share prices, I have no idea, and really know no one with a major investment here who really is concerned. Warrants expire next week. Now go on vacation children and leave the decisions to the adults. School is out!!!
If Panama decides it is not satisfied, expect the entire Cobre-Panama projects to be stopped and sorted out. This could take a couple of years, because of the election cycle next year. Ultimately the right people will do just fine no matter what happens and the mining sector will move forward.
Have a nice vacation folks.
Time to head for Penonome, Coronado, San Carlos, Pedasi, Boquete, Porto Belo, Bocas, Altos de Maria,or where ever your family gathers. No more talk of business until the new year. Those who can, leave Panama City and gather with their extended families at their country "place". Just caretakers left in the city with the drones.
Dry season, schools out, vacation time!!!
Like is great and Petaquilla will do just fine!
Saludos!!
True VB. And in Panama Slander is Criminal also.
That is the very reason that some of the people on these boards cannot ever go to Panama or visit PTQ. They think that they are anonymous but that is not so. They are known right now to their street addresses and Google photos. I really have no interest in the subject and just consider it chatter. Better to just focus on
a very positive future for those with the knowledge, wisdom, foresight, and cash to take advantage of the opportunities that present themselves with Petaquilla. The new IMP plan presented to the EU, and that will be voted on soon, will definitely put a firm foundation under the current price of gold. The warrants will be gone in thirty days and Q2 results will be out in sixty days. The difficult times are almost behind us. Time for some good football!!
Not that comments make a difference...
but it is always a good idea to know the subject and the issues whether real or invented.
Reading the by-laws and Management Information Circular along with the Press Releases allows one to understand. The Duke was appointed by the BOD acting within its limited powers to to a Director's position on provisional basis. It was necessary to create through a stockholder vote a permanent position for him and to obtain the necessary support of stockholders through a vote for him to hold that now newly created position. This was done according to rules and by-laws. He received outstanding support from those who understand the value he brings to the company. He was opposed vehemently with personal attacks by members of this board and those comments can be viewed in the archives herein. As said above, the facts are available for all to review, as well as the results and explanation on the SEDAR filings, the Management Information Circular at the Petaquilla web site, as well as in the Corporate Documents.
With regard to Spain and Portugal, reading the actual documents concerning all agreements relevant to the acquisition of many concessions in both countries shows that Petaquilla has already met all requirements to validate and keep those concessions. In both countries the company has greatly exceeded what was required and stipulated. While it is always important to understand an issue and bring early warning to stockholders where possible, comments that are not on point or even relevant may cause one to have concerns about a non existent issue.
Contact with FQM is of course on a daily basis, as both companies seek to move forward in such a manner that all are benefited as committed in the public record. Gold seems to be seeking a bottom that is exactly where the company estimate4d it would settle in all the published long them planning models that have been presented in many documents and corporate presentations and filings. These economic studies and plans were prepared by professionals in the various required areas of expertise and showed the company to be very profitable at current gold price level, without even including the additional revenue from aggregate sales and mining services contracts.
Most of the future problems seem macro in nature and out of FQM or PTQ control. The vast majority of stockholders voted their continued support of our management to direct the company's operations and the results are there for all to review. It is gratifying to see such support in so difficult times. Perhaps those who are not happy will see a way to sell and invest where they see a greater opportunity.
Good Luck to all whether you understand or have faith in our company and management or not.
Saludos,
Results posted on SEDAR earlier today.
All motions carried by wide margin. Board expanded. Cristobal Colon de Carvajal elected to board. 100% success by a wide margin and better than last year! The facts speak for themselves. Chairman's position, strength, and control now much more certain.
A GREAT DAY FOR PETAQUILLA!!
Votes were all in by the 1:00PM deadline last Friday. Nothing much to be added today. PR was prepared afterwards and will be published tomorrow. Our re-elected Chairman did a fine job in keeping the company in the black as to Gross Operating Profits and Q2 is looking good with only three weeks left!
Perhaps FQM can pull together some cash to buy forward the materials they need or accept some of the other things that were negotiated to help them move forward. We offered them some nice discounts for cash payments now. But now they are in so much trouble with the Union in Zambia voting down their three year agreement, the announced necessary deferment of the Kansanshi sulphide expansion until 2017, the shut down and lay off of most of their workers in Cobre-Panama, that they just could not accept the very generous offer negotiated by Petaquilla to help them out. They have no more money and their line of credit is now in jeopardy!
Of course our company itself is NOT FOR SALE, but we tried to help out our neighbor without giving away the farm. Now with the embarrassing collapse of Saycr they are very vulnerable to the wrath of the administration that must do something to someone foreign!
While certainly times are difficult now from a macro sense, our team has continued to outperform GDXJ and is poised to take advantage of a return to commodities. Most of Deutsche Bank facilities go away in five months. We are very profitable at $1,200.00/oz.
Congratulations to our management team for a job well done, you obviously have the complete support of the vast majority of your stockholders.
PETAQUILLA, NOT A JOB, BUT A LIFESTYLE!!! SURF & TURF ALL AROUND!
Saludos,
".but it is looking very good at the moment."
I was referring to neither outcome, but rather to the probable positive outcome of the vote at the AGM. As Sergeant Schultz would say, "I know nothing!" that I can disclose about the proposal before the FQM board. I do believe that our BOD will know the results before the AGM. IMO the AGM will just last a couple of minutes.
I have no preference. A stock swap for FQM would be fine, so would the sale of some assets, or some sort of a JV with some cash paid forward. FQM has many entities and obligations vying for money to fund their particular projects all over the world. On the other hand they are under tremendous pressure to move forward with Cobre-Panama or risk losing their concession. Remember they are not owners, just concessionaires. The deal is done, now comes the vote. I do not believe there is any chance of PTQ failing no matter how this works out. Panama will not let that happen. I am a continual buyer on a regular basis using DCA without regard to SP.
As I said....
The deal was done...the closing papers are finished...the FQM vote is now within 48 hrs. and we will know the result before our AGM.
Some may be interested to know that FQM is not just a copper company but produces thousands of tons of Nickle, (One plant only produces Nickle in fact.), thousands of tons of Zinc, and this year about 260,000 oz. of Gold. HHmmmm....does that make them a mid-tier gold miner????
Of course the best part....who knows the details of the "deal" that was done and is now up for a vote of approval or rejection. And of course what the options actually are for stockholders. Haven't seen much about that on this board, but there are other venues.
The vote canvass looks like Chairman Richard Fifer will carry the day, and his fellow Caballero de Guadalupe will permanently join the BOD, greatly strengthening control of the company. We can wait until after to vote to celebrate...but it is looking very good at the moment.
I like the new slogan someone posted: "Petaquilla is not a job, Petaquilla is a lifestyle!!"
It has leaked! Either you know or not.
I am restricted and cannot post.
Sorry...well maybe not so much!
Just will be gloating all alone I guess.
Life is good! It's been fun!!! Adios!!
Saludos,
Think Badge792!
How does PP affect either JV or sale of some asset?
Obviously it does not. No TSX rule is even impacted
or anything else. Wait for the FQM Cobre-Panama Engineering
Report that will be voted on December 9th and then published
soon thereafter. Remember it was also delayed from October 1st at the latest until December. These things take time.
Market was obviously crushed by the news and the bottom has fallen out. OH WOE IS ME!!! Opps!!! Had the tablet upside down!!! LOL!!!
Meh..so 32,000,000 warrants expire in 60 days.
We end January with 250,000,000 fully diluted instead of the 268,000,000 fully diluted where we now stand. Cash brings DB current. Thank you RF and RM. We are in a lot better shape this afternoon than we were this morning. That is the way our guys see this. Now we can revise the MD&A and file Q1. Saw this one coming.
PETAQUILLA IS NOT FOR SALE! Told you so!!
Poncewaves, Sent you e-mail.
The universe is unfolding as it should.
RF and PTQ are both doing just fine.
Pros&Cons
Benefits
Debts resolved as Panama's operations fold into FQM.
Money for Spain and Portugal available in marketplace.
LONG TERM participation in mining sector of Panama.
No tax implications with absorption into Cobre-Panama.
Nice warrant opportunity.
Cons
Zero, nada, no money to stockholders now.
New production several years away in Iberia.
Those who did not average down or use DCA lose investments.
Long wait for large returns, probably to next generation.
Could it be???
The Directors of the Company believe that the minimal trading activity of ordinary shares on the TSX no longer justifies the expenses and administrative efforts associated with maintaining this and hereby voluntarily apply...
Trading halt to prevent chaos in SP movement....
No cash to stockholders...long hold on stock until Cobre-Panama fully functioning...and on to Spain and Portugal.
Life is Good!! Cobre-Panama will be great!! No tax implications!
Those who know, know...those who don't speculate...and usually miss the buying opportunities. One share FQM for about 24 PTQ sounds about right and the a nice little warrant for about 2017 or 2018!
The Big Dogs like that kind of stuff!!!
Saludos,
Buy<$0.30,Sell>$0.50 LOL!!!
Trading Mantra..........over,& over, & over...too easy!!
cramdown...lol...
Many who have been here forever...
bought lots of shares way back when they were less than six or seven cents at the time. Those who jumped in too late and did not prudently manage their money will get exactly what they deserve. Can you imagine buying shares at the first big bounce and then just sitting there watching their shares drop and doing nothing about it. Any DCA software program will show just how much money has been made with this company over the last ten years! Losers just don't like to run the numbers. Some just can't manage money an that is why they always grasping at straws and crying in their beer. Soon they will know their options here. Some will move on with the big guys, some will just sell and cut their losses, some will just sit and have no clue.
It is always those that do the work are the ones that make the money. From this point on it is almost too easy to be fun...almost all the guessing and risk is gone!!! Time for football and some flying later! Life is Good!!
No question about Global...
But we all know that Martinelli does not personally own a single share of mining stock, PTQ, FQM, et al....he has repeatedly so stated. LOL.
Last time I talked to Martinelli was in church and he definitely is not in favor of doing ways with PTQ.. If we needed more short term money in Panama, Global would probably provide it.
I have heard that $0.70 is a reasonable number, but not for the whole company if some assets are sold. None of that money would be flowing to stockholders, but would take care of debts and cap/ex needs in the immediate 24 months or so.
Rules, laws, no time for vote before EOY.
Don't forget to buy heavily below $0.30. Everyone should be down to about $0.45 by now. Maybe you will get the chance...maybe not. Easy money to be sure...but not available if your broke.
Trade if you like, or stay for the next several years. Realize that no significant cash is coming your way anytime soon. Overall the deal is very good, and you will learn a little next week. I would not be surprised, if circumstances dictate, no filing next week. So if you want to stomp and scream, might as well start now. Nobody hears and nobody cares. You have no need to know why nothing has been published. Personally, I would just file for a thirty day extension until things are wrapped up and a vote scheduled. Always better to announce after a deal is closed, but TSX frowns on waiting too long. So, maybe you will get a little crumb or two.
Not too much happens in November in Panama, and even less in December. Many holidays, time to travel, shop, enjoy the holidays. Life is Good!
While I was very skeptical at first...I am beginning to think prografa does have a little birdie somewhere...
How can you lose from $0.30? Even the resident chief troll is calling from her lair in CR that the company will be sold for $0.53! That is +70% from $0.30. She is hooking up the dogies to here sled to go get 200 shares!! Whoot!!! Mush!!
You are wrong again Jal!!!
Go back and let your software do the numbers. If you had bought every time that was posted, doubling down at the lows, you would be at breakeven at about $0.47 and be positioned to make some serious money as everything unfolds. As it is you are stuck at about$1.05, searching your pockets for your next beer money, and will get really wiped out when the news breaks, if you do not take the multi-year option that most real investors will gladly accept. Just re-arranging the top-deck chairs, with no tax disincentives, and away we go, while you sleep on a cot down below decks. The view is great from here!!!
By the way did you see the new Metro's first run yesterday?? Ten-bagger in the western real estate already there!!!!!
It must suck to know you will never even be able to play the game, and must just fetch drinks for tips!!! LOL!!!!!!!!!!!!!!!
Too early!!! Wait until Tuesday or Wednesday and try to
get it for around $0.30, that is usually a good bottom!
What the heck another 23% in a couple of days is worth the wait!!
Thanks again, good to have reliable information.
Minera-Panama in the news today.
Do your own DD.
Turn it the other way around...
Read the three hundred pages filed recently very carefully!
Everyone seems so worried about Richard.
Have you figured out yet who owns 100% of Pamilla? Did you look up Azuero BOD? Those who know really aren't that irritated by those who think you know. LOL!!!
Remember the debt and the needs.
Those who think that there is money coming to shareholders soon are not looking at the facts before them as plain as day. If there is any type of sale of assets, whether in Panama whole or in part, Spain whole or in part, all of the various loans and facilities must be cleared from the books as they are all encumbering assets. To clear all of that would take a very large amount of money. It would make little sense to sell everything at this time when gold and the sector are both down. If any portions were sold, PDI, land, Molejon, etc. the balance sheet would have to be clean.
It will take years to bring Spain/Portugal on line and a very large amount ot cash. It would make sense to just pay the bills and sit on Spain until POG rises and money becomes easier to secure. While there are some time restrictions in Iberia they are easily met and only require pilot operations.
Only, if the entire company was sold, would there be the slightest potential for a payout to shareholders. Anyone looking at the balance sheet can see that, with no problem. Anything less would require all the funds to clean up the balance sheet and be needed to sustain minimal operations until a better environment for capital raising occurs.
Thus, in either case there is no real possibility of a payment of substantial money to shareholders at this time. The key is to survive long term, and fight another day as many junior miners fall by the wayside. Bankruptcy is neither necessary nor an option. Contrary to 'rumors' being spread, the company has not
hired bankruptcy attorneys.
So those who think they will received money by Christmas or the end of the year for that matter are just dreaming. The time to sell and move on was a few weeks ago. In three more trading days Q1 will be filed and the SP will probably drop back to at least thirty and perhaps a lot lower as people realize that nothing is happening that will be consummated in 2013.
Don't forget to get your vote in for the AGM questions, and elect some new BOD member if you don't like the way the company is run.
Looks to me like a preliminary canvass shows that those who count are very happy. The rest don't matter, but I could be wrong if there is more hidden disgruntled shareholders, who actually own more than just a few shares.
Saludos,
Just read the applicable law.
It is structurally impossible for anyone to expect anything definitive to occur before Christmas and the end of 2013. There can be nothing to be happy or sad about. When that sinks in perhaps there will be a large sell off and a great time to average down for those who are near break even at $0.40. Maybe reality will make the lemmings jump, or it will be time to harvest the mushrooms.
Those who wanted out should have gone when they had a good opportunity at $0.50. It is reasonable to expect that there will be great selling pressure for tax purposes, exacerbated by the those who actually out of ignorance thought that something of importance could be consummated prior to Christmas. With no buying interest there is no real bottom for the next 45 to 60 days. That ship sailed this week, look at the calendar. No crystal ball needed...JUST READ THE RULES!!!
Keep some powder dry, and if it goes to a nickle or a dime, obviously it is time to average down some more. It really is not that hard to understand with just a little education and effort. THE TIME TO SELL SHORT TERM IS PASSED! Next chance may come about April 15, 2014, when Q3 is published.
FINALLY, YOU PEOPLE CAN'T BE THAT SLOW!!! READ PAGES 12 AND 13 OF THE MANAGEMENT INFORMATION CIRCULAR AND JUST THINK ABOUT IT. EVEN MY GRAND CHILDREN CAN READ THOSE REALLY, REALLY, BIG TEA LEAVES!!! IT HAS BEEN PUBLIC KNOWLEDGE SINCE OCTOBER 31, 2013 AND IT IS RIGHT ON THE WEB SITE. WHY ARE THOSE PAGES INCLUDED???? DUH!!!
Life is good! Weather in Panama is warm! The beaches are full! So, sit back and have a beer and enjoy the food and the view...no one crying here!!!
PS: Before you get all excited about the number of shareholders and where they live, as has been discussed after the recent SEDAR filings, read page 5 of the Management Information Circular, particularly the 'bold lettered' part!! LOL!!!
Realize the directors of both are the same.
Azuero.
People need to take responsibility.
Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. DO YOUR OWN DUE DILIGENCE before buying or selling ANY SECURITY.
has anybody got any idea of what mkjiii is smoking?
Some are involved, some are emotional and not involved, some are just envious. Some have made money by making the right investment decisions. Some have lost their investment or are so far underwater that they are paralyzed in fear of losing the little money they have left. That's life....
The deal is done and only the details are being hammered out by the lawyers because it is very complicated. Those who invested regularly with DCA and bought aggressively whenever an obvious bottom was reached will do very well. Those who just jumped in at the tops with emotional purchases; then would not or could not manage their investment logically, will probably continue to suffer and be very unhappy with the deal. But, those are generally the people who showed little understanding of events around them; probably have been losers most of their lives.
Soon that group will have another decision to make, and my money would be on the bet that says they will choose poorly again. I guess the point is the "die is cast". All the ranting and complaining has no effect on the company, management, or the decision making process. If one does not have the chips to actively participate, then one should not sit at the table. So my advice to them is just take another bitter lesson, have another beer to cry in at the bar. The rest of us are doing just fine. Your problems are all your fault and if you need to see who is responsible for you losses...go look in the mirror!!
Life is good...it has been easy to make money with PTQ...it is still easy if you are proactive and informed. Do your own DD!!! You are 100% responsible for your actions...
Digi has left the building as he left SH because of the purposely poisoning of the board made it useless. The I-Box is no longer updated. Why make the effort when you can not stimulate any intelligent rational discussion? One has to go to another venue to learn and share. There is nothing here, but a little entertainment pulling the chains on the trolls from time to time to watch them jump and say stupid stuff. Peta and Progafa I know nothing about but Digi explained in his posts his reason for departure. I quit sharing anything of substance here too, because it is unwelcome. So just sprinkle a few drops on the anthill once in a while and watch them scurry about in total confusion!! LOL!!
Or does that mean someone is buying???
Anyone expecting to see some sort of a big payout will be sorely disappointed IMO. So you may just cry in your beer, you will maybe see %0.03 or so per share as other money will be needed to pay debts, and continue expanding in Iberia.
So Jal...you are a long term investor whether you like it or not!!! Told you to sell last month at $0.50 and just move along. Q1 will probably move us back next week into the next trading opportunity at $0.30 and there is no reason to expect more until about April 15th. Can't say you were not told!!! Better buy a whole keg of beer and have it delivered to your home. You will go broke at the bar, and you are hurting business. LOL!!!
Those who want to ride the next wave...get ready to buy next week and the one thereafter.
Buying opportunity coming and life is good!!!!
Cobre-Panama ramping up again.
Lots of money floating around Cocle again. Minera-Panama now going full speed ahead now that the engineering is completed. FQM is up 26% in the last three months. More good news today;
"Only First Quantum appears to have cracked the technology. Its Ravensthorpe operation in Australia produced a record 7,560 tonnes in mixed hydroxide in Q3 with 2013 guidance of 35,000-37,000 tonnes held unchanged."
Petaquilla will profit from this with more work. Check the sales to MP in the Q1 filing five days away.
DON'T FORGET TO VOTE!!
Now is your chance to show how much you really count!! Those posting who have no shares may not vote at all. Otherwise in front of God and the world now is your chance to step up to the plate!! Each Director candidate can be voted on separately!
You will note the Don Cristobal Colon de Carvajal, temporarily appointed to the board, a a close friend and fellow "Caballero de Guadalupe", is proposed to be permanently added to the BOD while it is expanded to five people to make room for him. Of course that means that a majority will be three. This strengthens the authority of the Chairman and will be recognized as a step forward by both Spain and the Catholic Church in Spain and Panama.
To those who do not understand the importance of this, you need to talk to the Ybarras, those in Veraguas and Chiriqui,(David), and study your history of the families and the areas where we have interests. Enormous impact down the road!!!
No alternate slate from disgruntled!!
This notice is accompanied
by a Management Information Circular, either a form
of proxy for registered
shareholders or a voting instruction form for benef
icial shareholders, and, for those registered and b
eneficial
shareholders who so requested, a copy of the audite
d annual consolidated financial statements and
management discussion and analysis (“MD&A”) of the
Company for the thirteen months ended June 30, 2013
,
(collectively, the “Meeting Materials”). Sharehold
ers are able to request to receive copies of the Co
mpany’s
audited annual consolidated financial statements an
d MD&A and/or interim consolidated financial statem
ents
and MD&A by marking the appropriate box on the prov
ided Financial Statements Request Form and returnin
g
the completed form to the Company. The Company’s a
udited annual consolidated financial statements and
MD&A for the thirteen months ended June 30, 2013, a
re available upon request to the Company at
info@petaquilla.com
or they can be found under the Company’s profile o
n SEDAR (System for Electronic
Document Analysis and Retrieval) at www.sedar.com
or on EDGAR (Electronic Data Gathering, Analysis,
and Retrieval) available through the filings sectio
n of the United States Securities and Exchange Comm
ission’s
website at www.sec.gov
, or on the Company’s website at www.petaquilla.com
.
This year, as described in the Company’s Notice and
Access notification filed on www.sedar.com
and
www.sec.gov
, the Company has decided to deliver the Meeting Ma
terials to shareholders by posting the
Meeting Materials on the following website: www.en
visionreports.com/Petaquilla2013
Management believes that the use of Notice and Acce
ss has the potential to reduce paper use, thus redu
cing the
Company’s impact on the environment, while at the s
ame time reducing the cost of printing and mailing
the
Meeting Materials. The Meeting Materials will be a
vailable on the noted website as of November 5, 201
3, and
will remain on the website for one full year therea
fter. The Meeting Materials will also be available
on
www.sedar.com
and www.sec.gov
as of November 5, 2013. We encourage all sharehol
ders to review the
Company’s Meeting Materials before voting.
Notice and Access notification being provided to sh
areholders will contain information on how to obtai
n paper
copies of the Meeting Materials in advance of the M
eeting. Shareholders who wish to receive paper cop
ies of
the Meeting Materials may also request copies from
the Company calling toll-free in North America at 1
-877-
694-0021, outside North America at 604-694-0021, or
by email to
info@petaquilla.com
. Meeting Materials
will be sent to such shareholders at no cost to the
m within three business days of the request, if suc
h requests
are made before the Meeting.
Shareholders who are unable to attend the Meeting a
re requested to complete, date, sign and return the
enclosed form of proxy or voting instruction form,
as applicable, so that as large a representation as
possible
may be had at the Meeting. The record date for the
determination of the shareholders entitled to rece
ive notice
of and to vote at the Meeting, and any adjournments
thereof, is at the close of business on October 31
, 2013.
Proxies to be used or acted upon at the Meeting or
any adjournment thereof shall be deposited with the
Company’s transfer agent by 1:00 p.m. (Eastern Time
) on December 6, 2013, or no later than 48 hours be
fore
the time of any adjourned Meeting (excluding Saturd
ays, Sundays and holidays).
DATED at Vancouver, BC, this 31
st
day of October, 2013.
BY ORDER OF THE BOARD
Petaquilla Minerals Ltd.
“Richard Fifer”
Richard Fifer
Executive Chairman of the Board