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the media support the Indians.
the media rule the masses.
in consequence, the masses support the Indians...
this is what is keeping the government from putting up a strong fight...
both articles are from La Prensa.... its crazy....
Why the hell would WE, the tax payers, pay this company because the frkn indians dont want the hydro on their land????
they dont even pay taxes and are creating all this mess................
Indians demand to remove two additional concessions to the Barro Blanco
A new proposal presented the Coalition in Defence of Natural Resources and People's Rights Ngäbe Bugle and Peasants in the mining roundtable. Now not only require the cancellation of the Barro Blanco Hydroelectric project, but asked the Government to cancel the award of the project Tabasará II, and Chan II (including Chan 140 and 120). Once filed, the government asked a indefinite break to discuss the request, according to Interior Minister Jorge Ricardo Fabrega, "far exceeds what is being discussed in the dialogue." And calling it a proposal "complicated." Initially, the Coordinator asked the Government to proceed to cancel or terminate the concession contract of Barro Blanco Hydroelectric Project, and indemnify the company Genisa "according to the actual investment that it has made. " ASK WHAT According to the proposal, calling for Indians: "As the draft Tabasará II, we propose to the Central Government to cancel the concession of the hydroelectric project, under which you miss the period two years since the grant was awarded. " the document adds: "As for the Changuinola River Project, the National Government does not process the grant or processed in that river called Chan projects 140 and 120, which today Chan became II. And the project Chan 500 (mentioned at the beginning of the dialogue by the ASEP [Public Service Authority], but have no application) is not granted until the annexed areas are defined and new communities that were outside the area by irresponsible of successive governments since 1997 ". more tomorrow in The Press
Indigenous proposed project is canceled Barro Blanco
The Indian leadership of Ngäbe-Bugle proposed this Wednesday, February 29, to cancel the concession to develop the Barro Blanco Hydroelectric Project, located in area attached to the region.
According to the document where the proposal was captured, the Indians proposed that the government compensate the company that builds the project.
After hearing the announcement, the Government Minister Jorge Ricardo Fabrega said that "we ask for responsibly, long enough, so we can respond responsibly."
"This is very serious about what you are asking ... This is not about to answer in a day or two lightly, what you are asking here goes far beyond what they've been asking all these days," Fabrega said.
yeah! you got it all solved!!!
the government is offering the Indians money, electricity, roads, education, etc etc....
Clearly that is not what they want!!!!!!
they want beads and mirrors!!!
How come the government miss this???
remember these people are lacking education... big time...
You have:
1) Opposition
2) Tree Hugger non-profit orgs
3) Other Copper corps
All or some of these are sponsoring the indians, who are poor and ignorant, convincing them that mining and hydros will leave them without land to farm and without water on their rivers... and better yet giving them some cash... in other words they are giving the indians money and a reason to be angry and protest...
same as when Spain came... they traded gold for mirrors... time has passed and yet little has changed for them...
at this moment international investment confidence in Panama is on the floor thanks to the opposition parties, Indians, etc.
it will be even worst if the government agree with what the Indians are fighting for... to take away that single hydro concession that is currently a more than 20 million investment...
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2012/02/15 460,715 -32,271 0.59
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2012/02/15 -32,271 460,715 0.59 2,290,582 0.59 - 0.62
2012/01/31 24,809 492,986 0.60 2,746,170 0.60 - 0.65
2012/01/15 -120,271 468,177 0.61* 2,122,670 0.57 - 0.63
2011/12/31 77,271 588,448 0.59* 2,756,293 0.54 - 0.60
2011/12/15 -38,000 511,177 0.58 2,869,358 0.58 - 0.70
2011/11/30 -1,400 549,177 0.70 2,643,438 0.66 - 0.73
2011/11/15 -242,171 550,577 0.76 6,331,245 0.70 - 0.81
2011/10/31 64,862 792,748 0.73 3,622,549 0.66 - 0.74
* - Indicates that the closing price used is the last non-zero
closing price and is not the closing price on the report date.
//et
Source: TSX
________________________________________
____________________________________________________________
(c)2012 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
Provider ID: 02440801
-0- Feb/22/2012 0:28 GMT
Empresarios piden participar en diálogo sobre hidroeléctricas
Gremios empresariales dijeron estar preocupados por la negociación entre indígenas y Gobierno; la seguridad jurídica y el futuro energético.
Mary Triny Zea C.
mzea@prensa.com
El Consejo Nacional de la Empresa Privada (Conep) alertó ayer que cancelar las hidroeléctricas por construirse en la comarca Ngäbe Buglé y áreas aledañas afectaría la seguridad jurídica, generaría pérdidas incalculables y comprometería el futuro del país.
La cúpula de diversos sectores económicos sustentó ayer que el crecimiento del país y sus inversiones demandarán mayor cantidad de energía y más proyectos energéticos.
“De 7.4 millones de hectáreas del país, 4.5 millones están entre la zona comarcal y la zona de reserva, lo que implica el 60%”, dijo Antonio Fletcher, presidente del gremio, y agregó que el territorio que tienen los indígenas es 11 veces mayor al de cualquier ciudadano panameño.
El Conep le pidió a la Asamblea Nacional incluirlo en la discusión para hacer una presentación técnica.
Según los empresarios, enviaron una carta a la comisión especial del Órgano Legislativo, pero no han recibido respuesta, lo que ha incrementado “la preocupación” del sector privado sobre lo que se negocia.
“Ojalá no se confunda la necesidad de culminar la negociación con el sacrificio del futuro del país”, expresó Fletcher.
El empresario calificó de “inaceptable” la posibilidad de prohibir proyectos hidroeléctricos en toda la nación.
Alternativas de energía
Consultado respecto a los intereses económicos y hasta la posible inversión del presidente, Ricardo Martinelli, en hidroeléctricas, como la razón para defender estos negocios, Fletcher respondió que “no podía especular ” y que la inversión de los empresarios había generado el crecimiento económico.
Según el Conep, se deben fortalecer las instituciones de supervisión en los procesos del sector privado, pero no “ahuyentar” o prohibir la inversión privada “que es la que dinamiza el país”.
Iván Barría, presidente de la Comisión de Energía de la Cámara de Comercio, confirmó que sí hay otras alternativas de energía renovable, pero la más probada y con más experiencia en el país es la hidráulica.
El 50% de la energía que se consume viene de hidroeléctricas, se dijo, y si se prohíben futuros proyectos la capacidad de subsidio del Gobierno será “mermada”.
En tanto, la energía eólica está en fase incipiente, y para las otras no se tiene personal con experiencia para desarrollarla, argumentó Barría.
Al igual que el presidente Martinelli, la dirigencia del Conep se quejó de la forma en que los medios de comunicación informan lo que ocurre. “La información que se da en el exterior es que tenemos una situación de caos y crisis. Creo que tenemos que cambiar el tono de la comunicación y decir lo que está pasando. Hay un grupo de indígenas que tiene un inconveniente que debe resolver por medio del diálogo, y la sociedad apuesta a que la sensatez se dé dentro de este sector”, dijo Fletcher.
Private equity was heavy into mining last year
tim kiladze
Globe and Mail Update
Posted on Thursday, February 16, 2012 1:48PM EST
The headline numbers show that Canadian private equity dealmaking popped last year, but overall figures are still far off peak levels.
So what’s more interesting? That private equity is still interested in Canada’s robust mining sector, with over 50 deals getting struck last year, the most of any sector.
Some of these were of decent sizes, including Energy & Minerals Group investment in Baffinland Iron Mines Corp., in a deal worth $590-million, and Ellington Investments buying into Inmet Mining in a deal worth $500-million. But the majority of these deals are ones the general public doesn’t hear about because private equity is happy to invest in companies with small undeveloped assets in hope of riding the valuation wave as the assets move into production.
Overall stats are still important, though, and $11.5-billion was raised last year, according to Canada's Venture Capital and Private Equity Association, in partnership with Thomson Reuters. That’s an improvement over the last few years, but still far off the $23-billion raised in 2006 and the high of $26-billion in 2007. In fact, last year’s level was only half of 2006’s. And in 2011, only two deals were worth more than $1-billion. (But I suppose everything is relative because there were none in 2010.)
Also of note, almost half, or 46 per cent, of last year’s private equity deals were minority-equity investments, rather full blown takeovers.
Canada’s recovery also appears to be on par with the U.S. If you multiply the value Canada’s total private equity dealmaking by 10 times, to account for our population differences, we’re at roughly the same levels as the U.S. (The same is true for the growing venture capital recovery.) Actually, in the recent past, the only year in which Canada was far off the U.S. total was 2007 when private equity deals south of the border skyrocketed, only making their post-crisis plummet that much worse.
In 2011’s, Canada’s top fund formations were led by Catalyst Capital Group’s $1.0-billion (U.S.) distressed-for-control partnership and Onex’s $800-million fundraise in mid-May.
La Estrell (PA): Capital: Aprueban estudio de Minera Panama
PANAMA.. Minera Panama, S.A. informo que su Estudio de Impacto
Ambiental (EIA) fue aprobado por el Gobierno el pasado 28 de
diciembre. Con esto se da luz verde a la construccion de una de las
cinco minas de cobre mas grandes en su tipo para extraer cobre, la que
seria a cielo abierto, en las montanas de Donoso, Colon. "El Gobierno
de Panama, a traves de la Autoridad Nacional del Ambiente, aprobo el
28 de diciembre de 2011 el Estudio de Impacto Socio Ambiental
necesario para el desarrollo del proyecto Cobre Panama, incluyendo las
operaciones mineras y la infraestructura complementaria, un puerto y
una planta termoelectrica", describio la minera en un comunicado.
Minera Panama, S.A. y su compania madre, la canadiense Inmet Mining
Corp., intentan hacer una mina que extraeria 300 mil toneladas de
cobre por ano con una facturacion aproximada de $2 mil millones
anuales. De esto, un 2% o $40 millones irian para regalias al Estado
anualmente, durante al menos los 30 anos que dura la concesion. Alida
Spadafora, directora ejecutiva de la Asociacion para la Conservacion
de la Naturaleza, comento que la aprobacion del EIA de la minera
constituye un hecho "lamentable para la flora y fauna de Panama y para
los panamenos, mas aun en un pais afectado por el cambio climatico".
Advirtio que se mantendran vigilantes de los quimicos que la compania
usara, asi como de los procesos de mitigacion que alega haran.
"Hicimos una serie de recomendaciones a ese estudio y vamos a observar
si fueron incluidas ahora que se hara publico", describio Spadafora.
Carlos Sanchez, director de Ambiente de Minera Panama, S. A., explico
que 5,900 hectareas de bosque en Donoso deberan ser taladas para la
operacion de la mina, pero que para compensar el dano promoveran la
conservacion y reforestacion de unas 250,000 hectareas montanosas en
varias regiones del pais. Minera Panama, S.A. tambien destaco que "al
tener la aprobacion de su EIA Korea Panama Mining Corp. - empresa
conjunta entre Korea Resources Corporation y LS-Nikko Cobre Inc.-
tiene hasta el 10 de enero de 2012 para notificarles su eleccion de
adquirir una participacion del 20% en la mina, a traves de Inmet
Mining". Sobre la participacion de una empresa estatal como Korea
Resources Corporation donde Corea es dueno, Felix Wing, director del
Centro de Incidencia Ambiental, recalco que "la Constitucion de Panama
prohibe que el territorio nacional sea cedido, traspasado o enajenado,
ni temporal ni parcialmente, a otros Estados". Copyright
NoticiasFinancieras - La Estrella de Panama - All rights reserved
Copyright (c) 2012 La Estrella de Panama
(c) 2012 La Estrella de Panama. Provided by ProQuest LLC. All rights Reserved.
SubDES: YBX53463
SubId: YBX53463
-0- Feb/16/2012 09:31 GMT
Panama's stock exchange is www.panabolsa.com
www.supervalores.gob.pa is our SEC... their main job is to regulate the brokerage houses and the stock exchange...
www.panabolsa.com
oh I see... I thought it was only the opperation here in Panama!
share price comparison by itself = nothing
shares outstanding comparison by itself = nothing
market cap comparison = value of a company to the market
some1 here linked a site where they list the mayor holders but can't find it!
can some1 link it pls?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Petaquilla Minerals Ltd.
(Name of Issuer)
Common Shares, Without Par Value
(Title of Class of Securities)
716013107
(CUSIP Number)
December 31, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------
CUSIP No 716013107
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Libra Advisors, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
8,240,902
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
8,240,902
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,240,902
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
PTQ = 221.52M
PRO = 136.215M
Market Cap is what matters
PTQ Market Cap = 131.14M
PRO Market Cap = 160.73M
Difference = 29.59M
AMAZING...
1) we are a gold producer vs explorer
2) our concession sure have more reserves
3) we are profitable!!!
COME ONNN!!!! WHAT A JOKE!!!
WOW 514,500 shares on the last minutes...
there we go... 3.36% up on 500 shares!!! LOL
thats the big question!
Petaquilla Gold, S.A.-Largest Exporter in Panama for Second
Consecutive Year
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/13/12 -- Petaquilla
Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (the "Company")
is pleased to announce that its subsidiary, Petaquilla Gold, S.A.
("Petaquilla"), has received public recognition from the Panamanian
Association of Exporters ("APEX"), for being the largest exporter of
Panama in 2011.
At an event held in Panama City, the President of APEX provided
Petaquilla with an engraved plaque of honour and congratulated
Petaquilla for its contribution to the development and progress of
the country.
Rodrigo Esquivel, the Company's President, noted that, "We have
developed the first modern gold mining project in Panama with the
most advanced technology, while maintaining high safety standards,
respect for the environment, and generating development, wealth and
prosperity in an area of Panama that historically has been
characterized as a poor region."
Mr. Esquivel also thanked APEX for this second consecutive year
recognition, stressing that, "Petaquilla is a company that has
developed a responsible and clean mining project that produces and
exports Panamanian gold."
Photographs of the APEX award presentation can be viewed on the
Company's website at http://www.petaquilla.com/gallery.aspx.
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 its
100% owned 842 square kilometre concession lands in Panama - a region
known historically for gold content. In addition, the Company has
acquired 100% of the Lomero-Poyatos project located in the northeast
part of the Spanish/Portuguese (Iberian) Pyrite Belt and several
other exploration licenses in Iberia.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Rodrigo Esquivel, President
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION
CONTAINED HEREIN.
Contacts:
Petaquilla Minerals Ltd.
Rodrigo Esquivel
President
(604) 694-0021 or Toll Free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com
-0- Feb/13/2012 14:00 GMT
thats what Martinelli proposed today... a referendum... which will delay even more the pass of the law.. and with that Minera Panama
Inmet Mining Cut to Neutral vs Buy at UBS
By Clyde Eltzroth
Feb. 13 (Bloomberg) -- PT cut to C$68 from C$70
Link to Company News:{IMN CN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO> }
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
That was already agreed... they are now fighting to eliminate current and future hydro plants...
these will highly affect our current electricity prices which are already very high!!!
jal, they have the right to the land not the resources...
Finally!!!
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2012/01/31 492,986 24,809 0.60
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2012/01/31 24,809 492,986 0.60 2,746,170 0.60 - 0.65
2012/01/15 -120,271 468,177 0.61* 2,122,670 0.57 - 0.63
2011/12/31 77,271 588,448 0.59* 2,756,293 0.54 - 0.60
2011/12/15 -38,000 511,177 0.58 2,869,358 0.58 - 0.70
2011/11/30 -1,400 549,177 0.70 2,643,438 0.66 - 0.73
2011/11/15 -242,171 550,577 0.76 6,331,245 0.70 - 0.81
2011/10/31 64,862 792,748 0.73 3,622,549 0.66 - 0.74
2011/10/15 -111,667 727,886 0.67* 10,315,254 0.62 - 0.68
* - Indicates that the closing price used is the last non-zero
closing price and is not the closing price on the report date.
//et
Source: TSX
________________________________________
____________________________________________________________
(c)2012 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
Provider ID: 02422709
-0- Feb/06/2012 13:25 GMT
RUN BLANDON RUUNN!!!!!!
sit back and relax...
I believe the only thing they have to do when they publish lies, is an apology the next day... guess what... damage is already done...
happened to a friend of mine that sells candy... the news said candy ABC killed kids in Argentina... people stop buying candy ABC from my friend... they were wrong it was candy ABD... my friend had to stop selling candy ABC because kids never came back to buy it...
agree...
Their anger is not toward La Prensa, just to the independent author... this was a personal opinion published in the paper... nothing to do with the paper...
makes them get rating.. so they keep on promoting the hippieness of their readers...
La Prensa just proved me right... Their 2nd most read and most commented article today is "Detengamos el ´graffiti´ ahora: Bolívar Márquez" or "Lets stop "graffiti" now: Bolívar Márquez"... All comments are pro-graffiti and insults to the author... these hippies shouldnt even have a vote or say on political matters!!!
These are the same La Prensa users that comment on stoping the mining industry on every article regarding the new Law, Inmet, or PTQ...
This morning in the news there were 2 indians claiming to be presidents of some sort of groups...
They want the talks of the law to be suspended and give them time to approve the law on there own indian congress... once they approve, the dipotados can resume the talks...
LOL... they had an entire year to do this...
CANADA DAYBOOK: Sino-Forest Hearings, Leading Indicator Report 9
By Paul Badertscher
Jan. 23 (Bloomberg) -- The Ontario Securities Commission
holds hearings on extending a trading ban on Sino-Forest Corp.
ECONOMY:
*Statistics Canada reports on the leading economic indicator for
December. Economist forecast the index, which hasn’t declined
since September 2010, rose 0.6 percent on the month, according
to the median of 8 estimates.
EVENTS:
*The OSC will consider whether to extend a trading ban on shares
of the China tree-plantation operator Sino-Forest Corp., which
is fending off allegations of fraud. The company has denied the
allegations. The hearing begins at 10 a.m. in Toronto.
*Cascades Inc., a packaging and tissue-product maker, will
release fourth-quarter results before markets open. The Kingsey
Falls, Quebec-based company will hold a conference call at 10
a.m.
*International Trade Minister Ed Fast meets U.S. Trade
Representative Ron Kirk in Washington. Fast will meet members of
the media at 12 p.m.
EQUITY MOVER:
*Petaquilla Minerals Ltd., which produces gold in Panama,
received a “buy” rating in new coverage from Edward Yew, an
analyst at Jacob Securities Inc.
MARKETS:
*The S&P/TSX index rose 0.1 percent to 12,397.10 on Jan. 20,
extending its fifth-straight weekly gain to 1.4 percent.
*The extra yield investors demand to hold the debt of Canada’s
provincial governments narrowed by 1 basis point to 67 basis
points last week, according to Bank of America Merrill Lynch
data. Yields rose 11 basis points, or 0.11 percent, to 2.58
percent. The securities have lost 0.7 percent so far this year,
compared with a loss of 0.66 percent for Canadian government
bonds.
*For corporations, the spread narrowed 5 basis points last week
to 174 basis points, while yields rose 7 basis points to 3.41
percent. Canadian corporate bonds have returned 0.11 percent
this year compared with 0.52 percent for U.S. company debt.
*Yields on benchmark Canadian government 5-year bonds rose 14
basis points last week to 1.40 percent. The securities yielded
about 51 basis points more than similar-maturity U.S. Treasuries
Jan. 20, up from about 47 basis points a week earlier.
*The Canadian dollar depreciated 0.2 percent to 1.0132 per U.S.
dollar on Jan 20.
Related News and Information:
Top Canadian news: {TOPC <GO>}
Top financial news: {FTOP <GO>}
Top commodities stories: {CTOP <GO>}
Daybook calendars: {NI DAYBOOK <GO>}
--Editor: Steven Frank.
To contact the reporter on this story:
Paul Badertscher in Ottawa at +1-613-667-4802 or
pbadertscher@bloomberg.net.
To contact the editor responsible for this story:
David Scanlan at +1-416-203-5722 or dscanlan@bloomberg.net.
Jacob Securities Research
Petaquilla Minerals Ltd. (TSX:PTQ) – Initiating Coverage: Emerging Gold
Producer In Panama, Well Positioned for Growth
Event: We are intiating coverage of Petaquilla Minerals Ltd. (PTQ) with a BUY
rating and a 12-month target price of $1.75.
Investment Thesis:
Petaquilla Minerals Ltd. (PTQ) is an emerging gold producer, the first in
Panama. We believe PTQ will benefit from first-mover advantages to lower the
risk to effectively achieve a growing resource base and rising production
profile in the safe mining jurisdiction of Panama. The recent Iberian Resources
Corp. acquisition further mitigates geopolitical risk and provides project
diversification. With the many initiatives currently under way at PTQ, we
believe a re-rating is probable and valuation is compelling at these levels.
Near-Term Catalysts:
Before March 31, 2012 PTQ intends to circulate a proxy circular, containing
comprehensive details of the Panamanian Development and Infrastructure Ltd.
(PDI) spin-out to shareholders, including detailed financial and operating
information. Once this proxy is released, we will incorporate PDI into our
valuation. We believe there is a material amount of value that can be realized
at PDI, which will provide significant upside to our valuation.
PTQ plans to complete 12,000 metres of drilling by the end of FY12 at the
surrounding deposits to Molejon and plans to upgrade 300Koz of inferred gold
resources to measured and indicated (M&I) category, and 357Koz of M&I resources
to proven and probable (P&P) reserves, a 44% increase to current reserves, which
could extend the mine life at Molejon and provide additional feed to the
processing plant.
Recommendation:
Our 12-month target price of $1.75 is based on a 50/50 weighting of 7.5x our
2012 CFPS estimate of $0.27 and 1.0x our NAV estimate of $1.46/share using a 5%
base-case discount rate. We are initiating coverage on Petaquilla Minerals
with a BUY rating.
Research Contact:
Edward J. Yew, MBA, P.Eng, Analyst
eyew@jacobsecurities.com
+1 (416)866-8356
Provider ID: 00000366
-0- Jan/20/2012 21:03 GMT
INITIAL COVERAGE
By Bloomberg Data
Jan. 20 (Bloomberg) -- Petaquilla Minerals Ltd (PTQ CN) was rated new "Buy"
at Jacob Securities by equity analyst Edward Yew. The 12-month target price is
C$1.75 per share.
For Related News and Information:
Graph of stock price: {PTQ CN <Equity> GP D <GO>}
Ratings initiations worldwide: {NI ANANEW <GO>}
Research search: {RSE <GO>}
Most-read stories on analysts: {TNI ANA READ <GO>}
Analyst Recommendations: {PTQ CN Equity ANR <GO>}
For questions, please contact:
Frank Sun in Princeton, New Jersey, at +1-609-279-3000 or fsun@bloomberg.net
-0- Jan/20/2012 21:18 GMT