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Well so much for gold this month even though historically it generally climbs. It is seriously getting kicked in the balls.
On a side note, with the numbers coming out shortly and the AGM around the corner.....I bet you will see some pretty pissed off investors venting their frustrations....If there are any left !
Oh how I miss MJ trying to turn a bad situation onto a good one time after time after time.
I wonder if anyone else would buy an existing gold mine with limited resources on it ????????
Is it really surprising though ? So much for the info they posted in one of their last PRs about 4000 oz per month. Pure B/S. I think this will be our third or 4th quarter with next to nothing for production levels. There is no way in hell Spain will ever be fired up.
Carl, thank you for the slide show. Any existing shareholders have and are currently being screwed. If anybody hasn't figured it out, cerrado means CLOSED. ...probably forever.
I honestly think they used the 50 mil to pay down a portion of their debt to keep the monkies off of them and soon they will completely shut the lights off.
The current state of affairs is dismal at best. Don't we still owe in the range of 100 mil......how the hell are we going to pay that and continue operations....impossible. It would only make sense either to sell the company or pack it in.
End of Sept......thanks for all the replies.
Ok, so no one answered me before so I will ask again...when do the numbers come out ? Something had to have driven the investors to the hills and it wasn't the falling price of gold.
Who says they are operating ? And that 4th ball mill was money well spent.
640 000 ish
And therein lies the problem. We know nothing as always with many unanswered questions.
It doesn't matter what the rah rah boys think, because their job was just to pump the shit out of it anyhow. It was all BS as they were never becoming a 150 producer. They had a purpose to mislead people, plain and simple. Not only does that include the pumpers, it includes management.
I just can't comprehend why some type of action has not been initiated against the company if in fact my theory is correct.
I don't mean to be a Debbie downer, but how do we know this ? All of the rumours on this board are just that, rumours. I would love to see this happen. I guess our good friend MJ was wrong all along about this POS. Maybe MJ was in fact FIFER. !!!!!! As RBF has always said, we need new blood to regain investor confidence. Wouldn't surprise me in the least that we will be seeing new lows this week.
Please excuse my ignorance, but are the numbers due at the end of the month? I always get the dates mixed up.
By the way, no call back from PTQ. I honestly believe that no one is there anymore.
It's funny that you are limited to what you can access on their website, however, the whistle blower policy is visible.......I think they should be reporting themselves ! They use words such as high ethical standards......
WHISTLE-BLOWER POLICY
Petaquilla's Code of Business Ethics and Conduct as well as its Code of Ethics for Financial Reporting Officers provides an overview of Petaquilla's commitment to applying high ethical standards to its business practices. However, they are not intended to be all-inclusive rule books. An English language copy of Petaquilla's Code of Business Ethics and Conducts and its Code of Ethics for Financial Reporting Officers can be viewed on Petaquilla's web site at www.petaquilla.com and both Spanish and English language versions are available on the Company’s intranet site.
Many of the statements made therein are backed up by in depth policies and procedures. However, in the current working environment, formal policies and procedures cannot always keep up with new challenges or adequately deal with complex situations. Therefore, please never hesitate to ask a question or report a concern.
Petaquilla has also adopted procedures to govern the receipt, retention, and treatment of complaints regarding accounting, internal control or auditing matters, including fraud. The procedures are outlined in the Anti-Fraud Policy.
Your most immediate resource is your direct supervisor. He or she may have the information you need, or may be able to refer the questions to another appropriate source. There may, however, be times when you would prefer not to go to your supervisor. You may want confidential advice about a business ethics dilemma facing you or a suspected wrongdoing. You may want more information than your supervisor can give you or you may want to report an ethical concern about your supervisor's conduct. Examples of such business ethics dilemmas/wrongdoings may include:
? An unlawful act whether civil or criminal
? Breach of or failure to implement or comply with approved policy
? Knowingly breaching municipal, provincial, state, or federal laws or regulations
? Unprofessional conduct or below recognized, established standards of practice
? Questionableaccountingorauditingpractices
? Dangerouspracticelikelytocausephysicalharm/damagetoanypersonorproperty
? Failure to rectify to take reasonable steps to report a matter likely to give rise to a
significant and avoidable cost or loss to the Company
? Abuseofpowerorauthorityforanyunauthorizedorulteriorpurpose
? Unfairdiscriminationinthecourseoftheemploymentorprovisionofservices
? Any other similar acts
I called PTQ yet again and still no answer. Instead of leaving a message in the general mailbox, I left the message with Janet Francis. Yeah that's right still no call back. I have an eerie feeling that after the numbers come out, things are going to get worse for us. We may very well be one of those junior miners that just shut the door. This is like a shitty horror movie....you have to watch it to the bitter end. Speaking of the numbers ???????
This Company has no idea to ease investor concerns when the shit hits the fan do they. I bet Dick doesn't have any issues when he cashes those checks !!!!
We had a banner day to on the TSX...$3750.00 total !!!!!!!!!! That's 500 shares .....totally awesome.
Agreed, but what surprises me is that why haven't any of the large shareholders initiated anything against them ? Maybe there are no shareholders left. Or maybe they are doing something in the background that we are unaware of ???? I guess in the end you can't get blood out of a stone.
The year end comes out shortly and the books should be somewhat cleaned up, however we all want to know about going forward. If what they claim is true, HL should be underway, but again, who the hell knows.
I know I keep dwelling on this but their web page is a fu$Kn joke. It hasn't been updated in a very long time.
I hope they kiss me next time they stick it to me.
Well, I would like to hear from all the posters that were full steam ahead of ousting Fifer....what is going on with that. The head of the snake needs to be cut off to end this water boarding torture.
The required info that PTQ issues has never been enough. I understand why they do it, because if they did discuss their lack of vision, this company would have been non existent a long time ago.
Wake up PTQ and do something !!!!!!! The stealing has to end at some point in time.
Well, trying to call people at PTQ is next to impossible. Nobody ever answers the phones nor returns messages. They are probably to busy cleaning out their desks to pick up the phones. Does anybody have a contact number for someone in IR.
What a farce. I can see their office now....... one phone lying on the ground, one answering machine, and no no personnel to speak of. The sign on the door states the following...." Out to lunch....forever"
Brutal
Yeah, I remember now. I don't believe anyone around here when it comes to.....oh, I know this person, or I know that person, or that they had lunch with however. It's all bullshit. People attempt to make themselves look important, or it's a tactic in an attempt to make shmucks purchase more shares. As soon as the bottom fell out, all those people left.....hopefully for good.
I have a strange feeling that you won't be hearing from him any more. And if we do, it will be under an alias.
so what is happening with PDI? Is it too sitting idle ? Do they have any contracts ? So in reality we have two companies with nothing financial to offer. If FQ doesn't need PDI, then what ? It doesn't matter how much DD people do when companies lie and pull the wool over your eyes.
Does anyone remember this PR? Just over one year ago..."
Vancouver, BC - Aug 19, 2013: Petaquilla Minerals Ltd. (TSX:PTQ) ("Petaquilla" or "the "Company") advises that it has changed its financial year end from May 31 to June 30. As a result of this change, the Company will have a transitional 13-month financial year ending June 30, 2013.
The change in the financial year end has been completed in preparation for the spinout of the Company's infrastructure subsidiary, Panama Desarrollo de Infraestructuras, S.A. ("PDI") as the Company requires additional time to ensure accuracy of its financial plan information, allocations between the Company and PDI as well as for audit processes and plan of arrangement preparation. The Company intends to proceed with the spinout during its 2014 fiscal year.
Further details regarding the change in financial year end, including the Company's interim reporting periods, are available in the Company's Notice of Change of Financial Year End prepared in accordance with Section 4.8 of National Instrument 51-012, which will be filed shortly on SEDAR at www.sedar.com.
For the 13-month financial year ended June 30, 2013, the Company anticipates releasing preliminary results in mid-September 2013 with audited consolidated financial statements and related documents to be filed at the end of September 2013.
Just remember this.....If it's on the Internet is has to be true......or better yet......If you continually say the lie over and over and over again, you will believe it to be true.
That's because a leopard can't change its spots. Lies, lies and more lies. Ask yourself this, have they done or accomplished anything that they have claimed ? Yes they put a mining company in the middle of the jungle, but at the end of the day who gives a shit because that's all it is......Some buildings in the middle of a jungle. Nothing more, nothing less. The only reason I can sit here and bitch about it is because I am still down a significant amount of money, so I have to ride this shit storm to its bitter end. The PRs and info that these people put out are open ended and have no merit what so ever. Just once I would like them to be honest and actually do what they say.....just once !
Isn't it simply amazing that a "producing gold mine" hasn't produced any gold for some time now. I am dumbfounded how we are still above water....not by much...but still above. With the quarterly results coming out shortly it will once again prove we have no gold production, however our bottom line should be somewhat cleared up to an extent.
Does anyone have any idea if any big boys are still around and if so, who ?
This company seriously needs luck on their side and hopefully will hit the mother lode with the pending results . We can only hope at this point. What would be the point of mining low grade ore in Spain . I mean looked what happened in Panama after all.......it literally was a disaster.
I would really like to know where this dog and pony show is going to come up with the money to operate a new mine.
Has anybody checked out the web page lately......,hmmmmm.....that's because the site is suspended. One of two things, either they are finally updating this POS or it's the first stages to "lights out" around here which really wouldn't surprise me.
The only time the rah rah boys will come back out to play is when and if this thing starts to go back up. Until then, they have nothing positive to contribute, because there is nothing at this time.
PDI......there is another farce. What is going on with that company any how? What happened to all those multiple million dollar contracts that other posters and PTQ eluded too ? I find it hilarious that we were supposed to get all that work from FQ, then one day it all went away. As PMC always states.....where are my four for one PDI shares ???. JUST ANOTHER LIE WITH NO EXPLANATION from these donkeys.
Read the first line of the following caption and tell me that you don't LOL ......its on their web page and on the internet....so it has to be true.....right ?
About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of Panama, and holds exploration properties in the Iberian Pyrite Belt.
There it is in a nutshell......no production....no revenue.......but they are continually getting paid hefty pay checks. How the hell does that work ? It really is getting tiresome seeing zero production quarter after quarter. Aren't they supposed to be going back on line this month with the HL? I predict more delays of course. Truly, I believe they have no idea what direction they are going in and that they are flying by the seat of their pants. Have you noticed that the corp presentation has not been updated for months upon months. Talk about a Mickey Mouse operation.
FQM just dropped another 50 million building a school as part of giving back to the community......and all we got was 60 mil for all that property for which they will make a killing on. Doesn't seem right....does it?
I solely blame that on PTQ
Still, to this day, I still can not understand how he has not been accountable for his actions. It's simple in business....if you a #uck up, you get turfed...end of story.
Why can't other major investors see that because FIFER is in control, we can't secure any more funds to move on and up. Even FIFER himself should be looking in the mirror saying.....maybe it is me. I guess he doesn't because his ego is getting in the way.
PROGAFA. ....from your lips to God's ears.
Next major announcements coming up shortly......
1. Audited books
2. Heap leach production
3. NI 43 101 X 2
4.........and perhaps getting that old outdated non accessible Web page back on line with realistic info.
I also find it funny that there is no one else around here to promote the company or offer their forecasted unrealistic productions. We are all bag holders here my friend...plain and simple.
How about this one...."Do you know how long it takes for a deal like this to be completed.....lawyers, paperwork, red tape, bank transactions, blah, blah, blah" That doesn't fly because our own company stated that it would be done the early part of July.
And where are all the insiders who think they know whats going on with this POS...........here's what they know....NOTHING.
It's funny....I keep reading, and re reading the latest PRs and for a company that has been FULLY operational for sometime now, I can't figure it out. Everything they say and do is pushed further and further ahead. For example, the latest NI 43 101 they state that the drilling has been completed for some time. And yet, it takes them forever to get the results.
Further, one of the latest PRs, I think dated May states that they will begin HL within the next 90 days which takes us up to around mid Aug. How are we going to continue any operations without funds. Mark my words.....there is an obvious delay in the transfer of funds over this transaction based on PTQ dragging their heels. This in turn will push everything forward a few months and I truly don't believe we have the time to survive any further.
I have also tried to contact FQ via the phone but they don't answer.
Suckered is exactly right. These guys can't do anything right. Can anyone name me anything that they have done correctly???? Oh thats right, they helped the community....brutal.
Not only are there no updates about anything, the only time we will truly find out is at the end of Aug via the financial report. They can't lie about the numbers posted in that. However, they will make excuses why things are the way they are. They remind me of children....no acceptance of responsibility and full of excuses and pointing the finger at others. Unfortunately, I honestly think we are going to have the wind knocked out of us if FQs numbers are not reflected. Bottom line.....if we don't get that money, we should just hang a sign on the door saying closed for business.
What ever happened to over throwing this bunch of morons and replacing them with competent people ?
I wonder how much money guys like MJ and others were paid ???
Here is what I can't comprehend.....why are the larger shareholders ( if any exist) tolerating this BS from the company ?
I would love to know what big boys are left holding this POS.
Well, the TSX is almost at 800000 shares down twenty percent with new lows. This management team is a bunch of retards and should be held criminally responsible for their actions.
I guess you could say they are comparable to politicians....do nothing.....lie.....make promises that never come to fruition......and get paid. Brilliant
Well, I e mailed FQ to see if I can get an answer out of them about the funds owed. I expect them to say something along the lines of....PTQ has not lived up to their end of the bargain.........
PTQs web site is so out of date it's not even funny. You can't even access the corp pres or the fact sheet anymore.
No news, no production, nothing going on what so ever. I would even go out on a limb to say that they won't even start the HL as promised. What did they say....90 days after the last PR or something like that.
Meanwhile Dick is still getting paid with no activity at the mine for how many months ??!!!
Has anybody seen the fifty million dollars around here????? I know I left it around here somewhere !!!!
Well I am glad that FQs work stoppage is now over. Meanwhile, we just continue to suck. What else is new.