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Thanks Lojiko, Happy New Year to you and everyone on the board!
This is good time to look back. Personally I am so grateful and bless to live in one of the best country in the world! Wishing you all health and prosperity in 2011.
Ricnat,I am not a big chartist, but it is looking good: RSI is neutral, SP is bouncing from bottom of Bollinger band and MACD are turning positive = everything is ready to boogie, as my friend Dona Summers said once.
I remember how to say “thanks “– gamsa-hamida, and count from 1 to 10. China is in the news again playing with rare metals. Would it be cool if Fifer fined some RE in Panama? Wishful thinking..Ha-ha
Thanks Mjk for good news. I might still get to sing Ho –Ho- Ho … Hyundai for Christmas.
Greek Orthodox Christmas sometimes on Jan.10, Yea!
Also, let not to forget tax consideration for selling PTQ, for example if investment fund anticipating to double profits next year compare to this one - it make sense to sell stock in the year when you are in a lower tax bracket and buy it back next day . Some investors/ funds are looking at 50% - 100 % profit, another example : if your spouse stayed home last year but went to work now and going to work next year - your income about to double – sell PTQ now to pay less taxes and buy back next day , IMO.
It would be nice to see how TSX comes back after Boxing Day. I assume we will add 11 mil. shares after all warrants are exercised, IMO. I expect SP to stay around $1 for a few weeks as new investors are coming aboard.
P.S. I saw a new movie about the Wall Street with Michael Douglas in it as a former hedge fund manager put in jail for inside trading – nice flick.
That would be great. May be that is why investors want to load up on the stock rather than gold as Lojiko noticed earlier. Also I read a few days ago an article that investors evaluate junior miners by applying gold price at $ 1000. Why do they think gold will go down and how would that effect our SP assuming we can reduce labor to $ 500/oz? Or it might be the way to project worse case scenario.
No good news. Mjk – you are there and can enlighten us how people will react to this. I see not much love towards Americans among some, good thing it happens around Christmas time – may be some people will pay less attention. The question is: can Martinelli government keep damage under control?
Koreans are coming:
"Uniting for Canal (GUPC), which runs the contract for design and construction of the third set of locks, canceled the letter of intent with the Dutch company Hereema that he would build the 16 gates at a cost of approximately $ 400 million .
The subcontractor had not signed some garantís required by the Panama Canal Authority (ACP), was one of the reasons that prevented lead to a successful conclusion the negotiations, said Antonio Zaffaroni, executive director of GUPC.
The gates are part of the contract that was awarded 3000 GUPC by $ 200 million on schedule and should start building in July 2011.
Following the decision of GUPC, managers of the consortium sent to the ACP proposals Hiunday (Korea) and Cimulai (Italy), companies can also build the gates. "
Excellent job Lojiko, but I think my last few posts were of subject, if you delete them I’d appreciate that.
PTQ ? – next year we will be fine, as someone said:” Patience is a virtue “.
Happy Holiday to you and everyone!
I think, I-hub software does not copy a Cyrillic alphabet so I’ll use Latin:
S Rozshdestvom Christovim !
problem solved. ;0)
Russian.. it's Ok
Gosh Lojiko, I-hub would not allow me to post Merry Christmas in my language.
I’ll follow it with a nice glass of wine. Happy Holidays everyone, Merry Christmas,
Feliz Navidad,
Frohe Weihnachten,
Joyeux Noël ,
Happy Hanoukka,
S ??????????
Thanks Jal, same to you.. Good discussion. After reading all your comments I feel better, as Mjk mentions – a lot of under current events are going on in that part of the world. (Where I from – we say: one hand washes another hand). That is one possibility- money for a big project? Or getting right people on board to get something going? But something big is cooking, as Lojiko saying BoD do not like dilute their own stock unless they feel that it will benefit company in the future.
$2 exercise warrant price make me feel that we will hit this mark sooner than later. Yes Jal, something is definitely in a pipe,
P.S. Ricnat, English is my second language also, you are fine.
Why are you wrong? What did you see now? If all shares get issued and warrants played-our – we are going to end-up with 48 mil. shares more... yes no loan and full of cash...
Why everyone so quiet, I read it again, 48 mil. shares more… almost 25 % dilution – I don’t like it. DVM how did you come up with 4% ? Let’s talk guys … we will not be able to stop it; BOD controls too many shares…
I-hub was down all morning… well I kind of in the middle about it ,- do not like it , but hopping Mjk is right and maybe some people in Panama has to be involve to get right contracts , etc ,, things are done differently over there.. We will see, the only bright spot for me is $ 2 part. But things can happen : Gold going to $ 2000 is not guarantee, we might stay at same level,… locals want to get on PDI - my feelings, copper is booming and as China becoming #1 economy in a world… yes - there is more to this then meets the eye.. Sorry Ricnat , looks like Buchin and Jal SP is more real aprox $ 2.50 by end of the year..
Well Jal, you just pop my bubble, but why don’t they send something in a mail, there is plenty time...
Correct me if I am wrong, is a special meeting date set for Dec. 31? It is a peculiar date – New Years Eve. Are they going to have Champagne in the office after announcement? – So celebration can begin?
Just hoping to get my present if not on Christmas – then on New Year, ha-ha…
P.S. There is a nice picture on the blog of Mr. Fifer with his wife wishing us Happy Holidays.
It is a very good question Lojiko since you spin it that way ;0) Normally when company breaks-up or part of it is spin-off - it reduces the value of existing company if spin-off company was generating a revenue before the event. In our case, will or was PDI generate revenue before the spin? Was that revenue part of PTQ revenue ? Was it a profit or loss ? Are trucks and rest of equipment PDI owns on our books now ? The answer to those questions will determine what happens to PTQ shares after spin. IMO
$ 3 - I'll take it , but let not to forget about PDI spin between May and July, so that would take $.75 out and leaves us with $ 2.25 , - I'll settle for it. Yea !
Tree-huggers must be reading my post, I am the one who has been advocating Koreans coming aboard ( read my previous post “ Ho- ho-ho Hyu- Huy– huy = Hyundai ) If Koreans are coming – all you guys owe me a round of beer for ignoring this very important subject .
5km of rain = 5000 m = 50000 cm, are they idiots? We would have to build a new ark.
“All I want for Christmas – is Hyu”
I agree with Mjk, while PTQ is relatively fast and somewhat speculative investment, PDI on the other hand , will be growing for many years to come. To clarify:
As long as economy in the pits, inflation and money printing, high gold price – PTQ will be doing great.
But when economy gets going eventually and construction begins to boom- PDI will be a huge winner.
So keep your shares – it is a win/win situation.
Enjoy your Holiday , Anski and “ Happy trails to you “ “
The Company anticipates that PDI Panama will play a key role in unlocking the greater value of the Molejon gold resource by further reducing overall mining costs. PDI Panama intends to purchase earth moving equipment and a second mobile crusher to double its capacity to extract from the Molejon mine large volumes of construction-grade aggregate, a marketable product for infrastructure works. PDI Panama's extraction of aggregates will also allow the Company to mine additional gold ounces at depth and its increased earth-moving capability will assist the Company with the construction of its heap leach gold project.
In addition, PDI Panama is advancing its Petarcilla clay project, which focuses on the manufacture of construction materials, such as high strength construction bricks, with Molejon as its source for material. This initiative will also contribute to maximizing the value of the Molejon pit by consuming the tailings byproduct of gold mining and adding longevity to the Company's operations. PDI Panama will also be able to offer the Company construction materials
How to copy the picture ?
HO-HO-HO HYu-HYu- Hyu:
Sometimes old news makes more sence later :
One of the main issues addressed in the Korean president’s agenda, Lee Myung-Bak on his visit to Panama at the end of June, was the exploitation of mineral resources. The Vice President of the Republic of Panama and Chancellor, Juan Carlos Varela said that Korean companies have shown interest in investing in several major mining projects in several provinces; also participating in projects for generation of energy.
Among other issues, the Korean President has an interest in encouraging trade, security and technology cooperation at the government level by negotiaty a treaty on double taxation and other free trade agreements.
Myung-bak met with the President of the Republic, Ricardo Martinelli in this meeting they shared their interests in strengthening the ties that bind both nations, which range from political, through the commercial and international cooperation between the two countries.
When I am thinking about PP – the song comes to mind:
“ Ho-ho-ho, Hyu-Hyu-Hyu”- Hyundai, - Yes.. Remember Martinelli went to Korea to invite business development. What about Hyundai being not only largest ship-builder in the world, how about one of the biggest Hyundai Construction Co. specializing in construction of power plants, bridges and highways,- can I hear whisper -PDI , ha ?).
Privet Placement,- a beautiful thing, wish I would be one of those privets, ha-ha… but in mean time can I dream a Christmas present? Can you hear me singing a popular Christmas song? :
“ … Al I want for Christmas – it’s Hyu “
So how do I ( a small share holder) would benefit from company which solely own by Fifer. I am afraid that we fork-out all expenses for possibly future benefits not necessary going back to PTQ shareholders. Mr. Fifer will hugely benefit in this deal, but us- remains to be seen. Of cause I might be wrong , it is a small subject matter, , just something to ponder while we are waiting for a Big news.
I don't understand relationship between Azuero and PTQ. We do not profit from Azuero explorations and future work, so why would Mr. Fifer wanted to acquire Azuero and make them just an other outfit of PTQ. As a subsidiary - they can keep profits to themselves. Am I missing something?
Good post DVM, and let throw Koreans in the mix, as you know they have been shopping..
It is cold across US, from Ohio to Florida, here is Panama:
PANAMA. Weather forecasts are not very good. A cold front will cause more rain on Panama and a temperature drop of at least three degrees below normal for the time (which is 30 ° and 31 °) in the next twenty-four hours.
Today, temperatures could reach between 26 ° and 27 ° Celsius, according to Jesus Salazar, a meteorologist with the Electricity Transmission Company, SA (ETESA).
Low temperatures have characterized this December. According to Salazar have reached up to 22.9 ° C, a much lower register than usual for this time of year, where the past, the sun and the breeze of the dry season marked the holiday season.
The meteorologist predicted also to be heavy rains in the Up and Down Coast Colón, Kuna Yala, Panama and Darien East.
The specialist added that for tomorrow, Wednesday the effects of cold wind could begin to dissipate.
Last week, the country has been affected by heavy rains that have caused chaos in many ways.
Manta, we just like to post and read our board ( kidding ) :0). The thing is that a lot of people ( myself included ) feel that amount of shares is a personal matter. And nothing wrong with that, we all want to make a little fortune ; either pay a house off , student loan , become rich , what ever - we are in a same boat.
" May the Wind fill our sales "
Let’s not jump to conclusions and give them benefit of the doubt. In short time we will know all numbers and then can discuss them. In mean time Clarus has been accumulating million shares, if they don’t worry – I will stay cool also. For now. ;0)
Low volume here, but Canada doing fine, I hope it is a “quiet before the storm “.
Yes , and lets not forget that Fri, 17 is option expiration date and it might create a short covering.. I don’t know what is short position on Ptq is .. That can be interesting development.
Inflation supposedly always good for gold, Mr. Rogers ( Simon says ) gold is going to 2K/ oz.
it is not necessary good for stocks.
.
I am agree, some guys over there are very knowledgeable , but some - all that name calling - gosh.. ..
Ok, then looks like we have to grind thru 11 mil shares this month if we stay above the dollar, - we can handle it.