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Mina. El precio del metal dorado continúa rompiendo récord al llegar a los mil 600 dólares la onza.
Petaquilla ha extraído 146 mil onzas de oro de Molejón
Rafael E. Berrocal R. (rafael.berrocal@epasa.com)
PANAMA AMERICA
A dos años de haber inicio operaciones, Petaquilla Minerals ha despegado en el negocio de la extracción y venta de oro impulsada por el alza en la cotización del metal dorado en los mercados internacionales.
La compañía ha logrado producir y vender 146 mil 305 onzas de oro de su yacimiento llamado Molejón, ubicado la provincia de Colón, en donde quedan otras 567 mil 500 onzas del metal dorado por extraer.
La minera ha alcanzado las 7 mil onzas onzas de oro de producción mensuales, que representan al valor de hoy en el mercado internacional 11.2 millones de dólares cada 30 días.
Este monto de producción se espera elevar a 10 mil onza mensuales cuando entre próximamente en operación el cuarto molino de trituración en la mina.
La compañía ha estimado que el costo de producción de cada onza de oro oscila entre 550 y 600 dólares, lo que ajustado al precio actual del metal de mil 600 dólares la operación deja un amplio margen de ganancia.
Las operaciones de Petaquilla Minerals fueron revisadas por la firma estadounidense de inversión e investigación Zacks Research, quien calculó que el precio de la acción de la compañía se triplicará en los próximos seis meses.
Es decir pasaría de 54 centésimos por acción a un dólar con 70 centésimos, de acuerdo con Zacks Research.
El reporte esta basado en el avalúo de las reservas de oro que la empresa tiene en su concesión de Molejón ubicada en Panamá y la recién adquisición de la concesión de Lomero –Poyatos en España con mas de 2 millones de onzas en reservas de oro. Petaquilla Minerals es 100% propietario del proyecto minero de España.
El pronóstico tiene gran impacto local tomando en cuenta que de las 221 millones de acciones que tiene en circulación Petaquilla Minerals, 30% están en manos de inversionistas panameños.
El resto de las acciones de la minera está colocado entre inversionistas canadienses y estadounidense en su mayoría.
Según directivos de la empresa con sede en Canadá, el interés en las acciones por panameños es muy grande. Incluso destacan que la banca local ya ha entrado a financiar las operaciones en la mina de Molejón con más de 17 millones de dólares en créditos.
La empresa genera más de mil 200 empleos directos y tiene ya más de un año de estar produciendo y exportando oro comercialmente de su concesión de Molejón, y se ha logrado convertir en la primera empresa de exportación del país.
they have had a year to discuss... their time is over...
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2011/12/31 588,448 77,271
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
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
2011/09/30 -332,624 839,553 0.67 5,570,796 0.67 - 0.90
2011/09/15 423,000 1,172,177 0.89 4,050,083 0.75 - 0.89
* - 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: 02392486
-0- Jan/06/2012 0:29 GMT
President of Panama Inaugurates Electrical Transmission Line
Constructed by Petaquilla Minerals Ltd.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/28/11 -- Petaquilla
Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or
the "Company") is pleased to announce that the President of the
Republic of Panama, Ricardo Martinelli, recently inaugurated the
electrical transmission line constructed by the Company's
infrastructure subsidiary, Panama Desarrollo de Infraestructuras,
S.A. ("PDI Panama"), through Petaquilla's community social program.
The power line runs from the Company's Molejon gold mining project to
Los Molejones, the community nearest to the project, and brings
electrical power to the community for the first time.
On December 22, 2011, President Martinelli thanked the Company for
providing Los Molejones with electrical energy. The President stated
that, "Now that the school has electricity, they can have computers
and all the students can access the internet and become a part of
this modern world of science and technology. I am sure this will be
of great benefit to the entire community. I congratulate Petaquilla
for what they are doing. I urge them to continue to expand, to
continue helping the community. I have seen this company develop
responsible mining as well as a great social, environmental and
labour responsibility program and for this reason I am here today to
offer my support to this company which has become the number one
exporter of the Republic of Panama."
Photographs and further information regarding the visit of President
Martinelli can be viewed on the website of the Presidency of the
Republic of Panama at www.presidencia.gob.pa.
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/Portug
uese (Iberian) Pyrite Belt and several other
exploration licenses in Iberia.
About Panama Desarrollo de Infraestructuras, S.A.
PDI Panama is a construction company based in Panama offering mining
services (exploration and resource analysis, digital topography and
drilling programs, construction of temporary and permanent camps,
blasting, major earthworks and mining construction), civil
infrastructure, and general construction services, including the
manufacture and sale of construction materials. PDI Panama's goal is
to become a key player in the mining and infrastructure sectors in
the Central American and Caribbean regions.
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- Dec/28/2011 21:22 GMT
TSX Top 10: As of market close on December 23, 2011
(Toronto Stock Exchange) -- TORONTO (TSX) -- Top 10 Net
Buys by Volume
Legend: Company Name/ Trading Symbol/ Insider Buys Volume/
Insider Sells Volume/ Net Buys Volume
SUNCOR ENERGY INC SU-T 336,100 20,800 315,300
BCE INC BCE-T 146,900 4,200 142,700
GMP CAPITAL INC GMP-T 120,900 0 120,900
PETAQUILLA MINERALS LTD PTQ-T 50,000 0 50,000
OLYMPUS PACIFIC MINERALS INC OYM-T 48,000 0 48,000
WI LAN INC. WIN-T 50,000 6,700 43,300
SPROTT RESOURCES CORP SCP-T 41,300 0 41,300
ATS AUTOMATION TOOLING SYS ATA-T 37,100 0 37,100
TRANSGLOBE ENERGY CORP TGL-T 33,200 0 33,200
SAPUTO INC SAP-T 30,700 0 30,700
------------------------------------------------------
Top 10 Net Sells by Volume
Legend: Company Name/ Trading Symbol/ Insider Buys Volume/
Insider Sells Volume/ Net Sells Volume
YUKON-NEVADA GOLD CORP YNG-T 0 447,000 447,000
SECURE ENERGY SERVICES INC. SES-T 0 200,000 200,000
CASPIAN ENERGY INC CEK-T 0 100,000 100,000
NORTHERN FINANCIAL CORP NFC-T 0 50,000 50,000
TAG OIL LTD TAO-T 0 27,000 27,000
BANK OF NOVA SCOTIA (THE) BNS-T 0 23,232 23,232
PINETREE CAPITAL LIMITED PNP.WT.B 0 20,500 20,500
GIBSON ENERGY INC. GEI-T 0 19,700 19,700
CI FINANCIAL CORP CIX-T 0 12,700 12,700
ROGERS COMMUNICATIONS INC RCI.B-T 0 12,482 12,482
------------------------------------------------------
Top 10 Net Buys by Value
Legend: Company Name/ Trading Symbol/ Insider Buys Value$/
Insider Sells Value$/ Net Buys Value$
SUNCOR ENERGY INC SU-T 9,783,853 608,400 9,175,453
BCE INC BCE-T 6,127,724 175,234 5,952,490
SAPUTO INC SAP-T 1,195,030 0 1,195,030
CANADIAN NATIONAL RAILWAY CNR-T 984,324 0 984,324
GMP CAPITAL INC GMP-T 875,812 0 875,812
STANTEC INC STN-T 683,429 2,055 681,374
CRESCENT POINT ENERGY CORP CPG-T 471,421 0 471,421
TORONTO DOMINION BANK TD-T 346,740 18,408 328,332
TRANSGLOBE ENERGY CORP TGL-T 268,564 0 268,564
WI LAN INC. WIN-T 292,500 39,597 252,903
------------------------------------------------------
Top 10 Net Sells by Value
Legend: Company Name/ Trading Symbol/ Insider Buys Value$/
Insider Sells Value$/ Net Sells Value$
SECURE ENERGY SERVICES INC. SES-T 0 1,420,061 1,420,061
BANK OF NOVA SCOTIA (THE) BNS-T 0 1,185,230 1,185,230
ROGERS COMMUNICATIONS INC RCI.B 0 486,612 486,612
GIBSON ENERGY INC. GEI-T 0 375,552 375,552
CI FINANCIAL CORP CIX-T 0 263,660 263,660
TAG OIL LTD TAO-T 0 191,655 191,655
CANADIAN UTILITIES LTD CU-T 0 163,855 163,855
ATCO LTD ACO.X-T 0 151,423 151,423
YUKON-NEVADA GOLD CORP YNG-T 0 116,220 116,220
CANFOR CORP CFP-T 0 103,706 103,706
Correction File:
A daily summary of corrections to insider buying and
selling activity reported by brokers to regulatory organizations
will be posted to Insider Trade Summaries pages in the
Professional Market Indicators section of www.tmxmoney.com as
they are available. Due to the sensitive nature of insider
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-0- Dec/28/2011 13:49 GMT
I vote for under promise over deliver though..
they should know by now that this CC system is not working, a normal Q&A is needed...
did you ask them if there's gonna be a Q&A at the end of the CC?
PETAQUILLA MINERALS LTD ("PTQMF-L")
- OTCBB Short Positions on 2011/11/30 0 -12,640 0.70
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2011/11/30 -12,640 0 0.70 632,600 0.66 - 0.73
2011/11/15 12,345 12,640 0.75 1,376,400 0.70 - 0.79
2011/10/31 -30,586 295 0.74 1,927,200 0.65 - 0.75
2011/10/14 28,881 30,881 0.65 1,954,200 0.59 - 0.67
2011/09/30 2,000 2,000 0.64 1,611,500 0.62 - 0.90
2011/09/15 0 0 0.90 556,600 0.78 - 0.90
2011/08/31 -2,500 0 0.78 1,023,800 0.71 - 0.78
2011/08/15 165 2,500 0.75 1,086,800 0.66 - 0.81
* - Indicates that the closing price used is the last non-zero
closing price and is not the closing price on the report date.
//et
TEL: (240) 386-5126 Market Regulation
Source: OTC Bulletin Board
____________________________________________________________
(c)2011 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
Provider ID: 02366970
-0- Dec/12/2011 13:16 GMT
They were sent to me as the road to the mine... not sure if its PTQ Inmet or both...
Inmet's Estudio de Impacto Ambiental is not approved yet... unfortunately PDI needs this first.
I hope it happens this month...
NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: Petaquilla Minerals Ltd.
TSX SYMBOL: PTQ
OTC Bulletin Board SYMBOL: PTQMF
FRANKFURT SYMBOL: P7Z
December 5, 2011
Petaquilla Update on Spinout of Panamanian Development and Infrastructure Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) - Petaquilla Minerals
Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (the "Company" or
"Petaquilla") is pleased to announce that it has engaged the law firm
of Blake, Cassels & Graydon LLP to assist the Company with the proposed
spinout of its subsidiary, Panamanian Development and Infrastructure Ltd.
("PDI").
The Company will obtain tax advice in order to determine the most tax efficient
structure for the spinout transaction, but at this time expects the spinout
will be completed by way of a statutory Plan of Arrangement. Under a Plan of
Arrangement, the Company will be seeking preliminary approval from the British
Columbia Supreme Court followed by shareholder approval and final court
approval.
Within the first quarter of calendar 2012, the Company intends to circulate a
proxy circular containing comprehensive details of the transaction to its
shareholders entitled to vote on the transaction at a Special Meeting of
Shareholders to be scheduled. As previously mentioned, the Company intends to
distribute to its shareholders one share of PDI for each four shares of
Petaquilla held on the record date for the distribution.
With respect to the infrastructure division's operations, the Company is
pleased to announce that Panama Desarrollo de Infraestructuras, S.A. ("PDI
Panama") has increased its contracts with the Government of Panama, Minera
Panama, S.A., a wholly owned subsidiary of Inmet Mining Corporation, and
contractors of Minera Panama, S.A. PDI Panama has signed contracts of
approximately US$70 million, of which approximately US$20 million will be
executed by the end of fiscal year 2012 (May 31, 2012).
PDI Panama has also recently acquired a Metso Crusher 125, a mobile crushing
plant which will increase PDI Panama's aggregate production and in-pit
crushing operations by 10,000 tonnes per day. PDI Panama has also received
additional heavy equipment through its facilities with Global Bank and
Caterpillar and is now providing the Company's Molejon gold mining
operations with an increased daily mining rate of 40,000 tonnes.
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.
About Panama Desarrollo de Infraestructuras, S.A.: PDI Panama is a construction
company based in Panama offering mining services (exploration and resource
analysis, digital topography and drilling programs, construction of temporary
and permanent camps, blasting, major earthworks and mining construction), civil
infrastructure, and general construction services, including the manufacture
and sale of construction materials. PDI Panama's goal is to become a key
player in the mining and infrastructure sectors in the Central American and
Caribbean regions.
Disclaimer: This press release includes forward-looking statements. All
statements, other than statements of historical fact, contained in this news
release, including, but not limited to, statements regarding the Plan of
Arrangement transaction, constitute forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond Petaquilla's control that would cause the
actual results, performance or achievements of Petaquilla to be materially
different from future results, performance or achievements expressed or implied
by such forward-looking statements including that the Plan of Arrangement may
not be completed for any reason. Such forward-looking statements are based on
numerous assumptions regarding successful completion of the Plan of
Arrangement, Petaquilla's present and future business strategies and the
environment in which Petaquilla will operate in the future. Any forward-looking
statements speak only as at the date of this document. Petaquilla expressly
disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained herein to reflect any change in
Petaquilla's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based, except to
the extent required by applicable law. As a result of these factors, the events
described in the forward-looking statements in this press release may not occur
either partially or at all.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Jose Luis Dieguez, Chief Executive Officer
Panamanian Development and Infrastructure Ltd.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Panamanian Development and Infrastructure Ltd.
Jose Luis Dieguez
Chief Executive Officer
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063
No stock exchange has approved or disapproved the information contained herein.
INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: STK
-0-
-0- Dec/05/2011 14:15 GMT
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2011/11/15 550,577 -242,171 0.76
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
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
2011/09/30 -332,624 839,553 0.67 5,570,796 0.67 - 0.90
2011/09/15 423,000 1,172,177 0.89 4,050,083 0.75 - 0.89
2011/08/31 -159,936 749,177 0.76 2,218,836 0.68 - 0.76
2011/08/15 222,537 909,113 0.73 2,745,270 0.64 - 0.77
2011/07/31 -1,225,894 686,576 0.73* 2,895,278 0.69 - 0.82
* - 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)2011 Market News Publishing Inc. All rights reserved.
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2011/10/15 727,886 -111,667
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2011/10/15 -111,667 727,886 0.67* 10,315,254 0.62 - 0.68
2011/09/30 -332,624 839,553 0.67 5,570,796 0.67 - 0.90
2011/09/15 423,000 1,172,177 0.89 4,050,083 0.75 - 0.89
2011/08/31 -159,936 749,177 0.76 2,218,836 0.68 - 0.76
2011/08/15 222,537 909,113 0.73 2,745,270 0.64 - 0.77
2011/07/31 -1,225,894 686,576 0.73* 2,895,278 0.69 - 0.82
2011/07/15 -18,477 1,686,300 0.67 2,865,020 0.64 - 0.67
2011/06/30 -87,023 1,704,777 0.64 4,657,611 0.60 - 0.65
* - 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)2011 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
Understanding the economy...
U.S. Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $38,500,000,000
Let's remove 8 zeros and pretend it's a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts: $385
Does this clarify it ?
6 Reasons Not To Panic About The Precious Metal Plunge
http://www.businessinsider.com/dont-panic-on-metal-tumble-2011-9
Its the political risk that indirectly affects PTQ... The Law affects Minera Panama... Which affects PDI...
I always heard Sep 30th... lets see if it happens or not...
The tree hugers are back in the social medias with their anti-mining comments... maybe they know something is cooking... but well time will tell...
Environmental impact study for Minera Panama is supposed to be out soon right?
Maybe that's what they are waiting for to approve the new mining law... lets see who it evolves...
Share structure updated...
http://www.petaquilla.com/petaquilla_investors.aspx?IdInvestors=3
I wish I could margin PTQMF... on my account stocks under $5.00 cant be bought on margin...
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2011/09/15 1,172,177 423,000 0.89
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2011/09/15 423,000 1,172,177 0.89 4,050,083 0.75 - 0.89
2011/08/31 -159,936 749,177 0.76 2,218,836 0.68 - 0.76
2011/08/15 222,537 909,113 0.73 2,745,270 0.64 - 0.77
2011/07/31 -1,225,894 686,576 0.73* 2,895,278 0.69 - 0.82
2011/07/15 -18,477 1,686,300 0.67 2,865,020 0.64 - 0.67
2011/06/30 -87,023 1,704,777 0.64 4,657,611 0.60 - 0.65
2011/06/15 19,461 1,791,800 0.65 2,310,642 0.65 - 0.70
2011/05/31 -98,061 1,772,339 0.68 4,926,531 0.68 - 0.75
* - 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)2011 Market News Publishing Inc. All rights reserved.
FOR: Petaquilla Minerals Ltd.
TSX SYMBOL: PTQ
OTC Bulletin Board SYMBOL: PTQMF
FRANKFURT SYMBOL: P7Z
September 14, 2011
Petaquilla Schedules Shareholder Conference Call Webcast
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2011) - Petaquilla
Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (the "Company")
announces that the Company will host a shareholder conference call webcast to
discuss its 2011 fiscal year results, to provide guidance for the first half of
its 2012 fiscal year, and to provide a business update following the
acquisition of Iberian Resources Corp.
The conference call webcast will take place on Monday, September 19, 2011, at
10:00 a.m. Pacific/1:00 p.m. Eastern and is expected to last approximately 30
minutes. The call will include a presentation by Richard Fifer, the
Company's Executive Chairman, and shareholder questions will be addressed.
To ensure that shareholder questions may be fully answered, please submit all
questions by 5:00 p.m. Pacific/8:00 p.m. Eastern on Wednesday, September 14,
2011, so they may be grouped into general categories and addressed as time
permits. To submit a question, please email info@petaquilla.com or fax to (604)
694-0063.
Shareholders and investors are invited to listen to the Company's
presentation by phone or audio webcast.
/T/
By Phone: Dial toll-free 1-800-319-4610 in Canada and the USA. Outside of
Canada and the USA, dial +1-604-638-5340. Callers should dial
in 5-10 minutes prior to the scheduled start time.
A telephone replay will be available through October 18th by
dialing toll-free 1-800-319-6413 in Canada and the USA followed
by access code 2115#. Outside of Canada and the USA, dial +1-
604-638-9010 and use access code 2115#.
By Webcast: Visit
https://services.choruscall.com/links/petaquilla110901.html.
Please log on at least 10 minutes in advance to register and
download any necessary audio software. A replay of the audio
webcast will be available through October 18th.
Questions: Questions for senior management to address during the call
should be submitted via email to info@petaquilla.com or faxed
to (604) 694-0063 by 5:00 p.m. Pacific/8:00 p.m. Eastern on
Wednesday, September 14, 2011.
/T/
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.
Richard Fifer, Executive Chairman
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Petaquilla Minerals Ltd.
Richard Fifer
Executive Chairman
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063
No stock exchange has approved or disapproved the information contained herein.
INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: CAL
-0-
-0- Sep/14/2011 13:00 GMT
Me either
Canadian earnings declared Thursday: Ranaz, TD, Petaquilla
(Canadian Press) -- TORONTO -- Canadian earnings declared
Thursday:
Petaquilla Minerals Ltd. (TSX:PTQ). Three months ended May
31, 2011, $5.4 million, three cents per share; 2010, net loss
$6.8 million, net loss five cents per share. Revenue: 2011,
$20.9 million; 2010, $16.2 million.
Ranaz Corp. (TSXV:RNZ). Three months ended June 30, 2011,
$76,088, 0.1 cents per share; 2010, $384,348, 0.6 cents per
share. Sales revenue; 2011, $4.75 million; 2010, $5.15 million.
TD Bank Group (TSX:TD). Three months ended July 31, 2011,
$1.45 billion, $1.58 per diluted share; 2010, $1.33 billion,
$1.46 per diluted share. Total revenue: 2011, $5.35 billion;
2010, $5.12 billion.
-0- Sep/01/2011 18:31 GMT
PETAQUILLA MINERALS LTD ("PTQ-T")
- Highlights Results For 4th Quarter Of Fiscal 2011
Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") announces that
its fourth quarter results of fiscal year 2011 show significant
improvements. As a result of improved operational performance and rising
gold prices, a net profit of US$5.4 million was generated during the fourth
quarter. This second consecutive profitable quarter confirms the Company's
improved profitability profile. Petaquilla's accumulated net income of
US$7.5 million in the last two quarters of fiscal year 2011 reflects a
positive trend in net results and the Company forecasts a positive net
income for fiscal year 2012.
Gold mined during the fourth quarter of fiscal year 2011 increased by
36% compared to the previous quarter. This improvement contributed to a 72%
increase in gold stockpiled for the on/off leach pad project forecasted for
initial production during the second quarter of fiscal year 2012.
Gold poured during the fourth quarter of fiscal year 2011 increased by
30% compared to the previous quarter. Cash costs per ounce of gold sold
during the fourth quarter represent an improvement of 9% compared to the
previous quarter as a result of higher sales combined with reductions in
operating costs. Fourth quarter cash costs of US$557 per ounce of gold sold
represents the lowest cash cost per ounce of gold sold during the fiscal
year.
In addition, during the fourth quarter, the Company filed an updated
National Instrument 43-101 compliant mineral resource and reserve report
for its Molejon Gold Project, upgrading measured and indicated resources to
a proven and probable reserve of 643,266 contained gold ounces (15.3Mt @
1.30g/t Au, average metallurgical recovery of 91.1%) as of the October 1,
2010, production cut-off. This represents an increase of 61% over the
previous calculated reserve as of the October 1, 2010, production cut-off.
Financial and operational conditions improved during the fiscal year
ended May 31, 2011, as evidenced by an increase of 44% in the Company's
total assets and a decrease of 6% in its total liabilities, both compared
to May 31, 2010. Petaquilla's cash position as of the end fiscal year 2011
was US$11.9 million, an increase of 80% compared to its previous year end.
Regarding the Company's infrastructure subsidiary, Panama Desarrollo
de Infraestructuras, S.A. ("PDI Panama"), a leasing facility in the amount
of US$10 million has been signed with a major Panamanian bank for the
acquisition of mining and trucking equipment required to respond to the
Company's planned mining rate increase from a daily level of 7,500t to
40,000t. This equipment will also strengthen PDI Panama's capacity to
extract and deliver construction grade aggregates from the Company's
Molejon open pit and provide additional capacity for the Company's ongoing
exploration projects at its satellite concessions.
In terms of sustainable growth strategy, during the fourth quarter of
fiscal year 2011 the Company entered into a binding letter of intent with
Iberian Resources Corp ("Iberian"), pursuant to which the Company proposed
to acquire all of the outstanding shares of Iberian. Iberian owns 100% of
the Lomero-Poyatos mine, located about 110 kilometres northeast of Seville,
in the heart of the Iberian Pyrite Belt, and also owns several other
exploration licenses in Iberia. This transaction has been approved by
Iberian's shareholders and also by Petaquilla's shareholders at the special
meeting held August 31, 2011. With this acquisition, the Company added
approximately 2Moz of gold and 42Moz of silver to its inferred resources.
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.
Disclaimer.
This press release includes forward-looking statements. All statements,
other than statements of historical fact, contained in this news release,
including, but not limited to, statements regarding future financial
results, market assumptions, the estimation of mineral resources and the
realization of mineral resource estimates, constitute forward-looking
statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors beyond Petaquilla's
control that would cause the actual results, performance or achievements of
Petaquilla to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions, Petaquilla's
present and future business strategies and the environment in which
Petaquilla will operate in the future. Any forward-looking statements speak
only as at the date of this document. Petaquilla expressly disclaims any
obligation or undertaking to disseminate any updates or revisions to any
forward-looking statements contained herein to reflect any change in
Petaquilla's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based, except
to the extent required by applicable law. As a result of these factors, the
events described in the forward-looking statements in this press release
may not occur either partially or at all.
On behalf of the Board of Directors of
PETAQUILLA MINERALS LTD.
Richard Fifer,
Executive Chairman
No stock exchange has approved or disapproved the information contained
herein.
TSX closing price for PTQ-T
Date: 2011/08/31
Closing Price: 0.76
TEL: (604) 694-0021 Petaquilla Minerals Ltd.
FAX: (604) 694-0063 Richard Fifer, Executive Chairman
Toll Free: 1-877-694-0021
Internet: www.petaquilla.com
____________________________________________________________
(c)2011 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
Provider ID: 02259040
-0- Sep/01/2011 13:53 GMT
lets see if they spend some of the 5M they have in cash on PR
if the deal gets approved... and they meet their projections... we should be above 200k by 2014... IMO in a regular scenario that should affect our price... we have other factors that affect this outcome as is the ridiculous daily volume and the overall state of the sector itself...
As I said... its IMO... its ok to disagree if u like...
Yes it will dilute us and I agree that its a shady deal:
1) we are buying the company from our own Management Team
2) some one else is stating they got the rights to the mine
but we cant deny its the price good from what we know...
we should have some price improvement though... even from the deal or from money getting back to miners... we should be rewarded by the end of the year...
will be a mid tier miner soon... coming out of the junior sector should give us a bump... If the Iberian deal gets approved that is...
this question has been asked and explained a million times... could we just move on?
Smartmove84 it's the entire Gold Mining Sector... Senior to Junior Miners... from AngloGold Ashanti to Bellhaven Copper & Gold... all down while gold is through the roof...
And someone said PTQ was the only company giving out free warrants lol!
Berkshire Hathaway to Invest $5 Billion in Bank of America
Business Wire
CHARLOTTE, N.C. -- August 25, 2011
Bank of America Corporation announced today that it reached an agreement to
sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation
value of $100,000 per share to Berkshire Hathaway, Inc. in a private offering.
The preferred stock has a dividend of 6 percent per annum, payable in equal
quarterly installments, and is redeemable by the company at any time at a 5
percent premium.
In conjunction with this agreement, Berkshire Hathaway will also receive
warrants to purchase 700,000,000 shares of Bank of America common stock at an
exercise price of $7.142857 per share. The warrants may be exercised in whole
or in part at any time, and from time to time, during the 10-year period
following the closing date of the transaction. The aggregate purchase price to
be received by Bank of America for the preferred stock and warrants is $5
billion in cash.
gold prices high, equity markets low = junior miners low
equity markets high, gold prices low = junior miners low
Thanks seasonality!
PETAQUILLA MINERALS LTD ("PTQ-T")
- TSX Short Positions on 2011/08/15 909,113 222,537 0.73
//st
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2011/08/15 222,537 909,113 0.73 2,745,270 0.64 - 0.77
2011/07/31 -1,225,894 686,576 0.73* 2,895,278 0.69 - 0.82
2011/07/15 -18,477 1,686,300 0.67 2,865,020 0.64 - 0.67
2011/06/30 -87,023 1,704,777 0.64 4,657,611 0.60 - 0.65
2011/06/15 19,461 1,791,800 0.65 2,310,642 0.65 - 0.70
2011/05/31 -98,061 1,772,339 0.68 4,926,531 0.68 - 0.75
2011/05/15 -542,492 1,870,400 0.77* 8,086,592 0.71 - 0.84
2011/04/30 15,124 2,412,892 0.87* 2,626,856 0.83 - 0.94
* - 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)2011 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106
yes.. but since they are going together holding hands we need to price the USD with gold!
USD vs EURO is no longer the way to price the USD...
he might be anti-mining in public but very pro on "gimmesomecash!"... remember he is PRD and is a puppet of the big guys (who r all pro-mining)... nothing to worry about for now...
got the proxy yesturday by email.
also true... but I believe we r down this low for systematic reasons... the fundamentals are there... things are just taking longer than we would want to..
no nothing on the mail... but here in Panama our mail is good for nothing... I usually get the proxy forms by email from friends... I receive the real proxy forms 1-3 months after the vote was supposed to be placed!