Older
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The little gift shop in CR is closed now.
Season is over. She is still upset from being turned down by the blog. If you hunt a little you can find the picture on Google and it is "special". The list of aliases was post several times on SH. Nothing more to be said, just put her on ignore. She was the ignore leader on SH with about 90 I remember and 12,000 useless posts over five years or so. Let's move on....
LOL!!! You said you hold NO PTQ!!!!!!!!
Re-read your posts!!! Now go back into your little gift shop lady. We all know all about you we need to know, and you have nothing to contribute here. LOL!!!
Latest info is on PTQblog.
So true, I only posted a stupid hypothetical.
To fit in will the posters on this board. But you must admit a lot of people would take such a deal. I did not imply that was anything that was actually happening.
Who knows what I know, he he.The Shadow!!
How does $0.05 to shareholders, warrant for shares of FQM @ current price good for five years, but with a hold period of three years, based on dollar for dollar current cash SP value for exchange, an exercise price at current FQM level, sound for you? No tax implications and all will benefit when Cobre Panama comes to life. Majority of significant shareholders will take that in a NY minute!! Little shareholders...not so much, but they don't count much and are a small percentage of the vote!! Now think about that seriously for a while.
FQM picks up a lot for a little since they are cash strapped themselves not to mention the ore is Spain for Las Cruces. Management absorbed into Cobre Panama with nice increases. Large investors just archive the asset for later years. Everybody's happy but the little dudes and they never are anyway.
You actually prove you have no concept.
The magnitude of the project.
What is involved in the work.
The significance of milestones.
The importance of real progress.
The dollar impact of 70T all weather road.
Read the article again!
Have someone explain it to you in simple terms you can understand before you continue with ridiculous posts. Go to the Minera-Panama web site or review the Cobre Panama engineering report.
Since no one here, especially yourself,
will express and opinion on whether a buyout is good or bad for stockholders and the company. What is the point of your post?
You already posted to the effect that this POS as you called it was going down from the current level and would never ever recover.
Is this one of those, "I must say something whether intelligent or informative or well considered or not so that I prove I exist." moments???
WOULD A BUY OUT BE GOOD OR BAD FOR SHAREHOLDERS???
Of course you can't say, since you have no idea what is happening at the company, and no idea about what if anything is under discussion, have no one who actually does know willing to talk to you. Must be frustrating.
quit bothering the bartenderAMEN!!
Best post of the month!!!!
He will know more when the time is appropriate for him to be told!
About $625oz. I believe.
There is pressure in the industry to use a new 'total cost' number that carries all the burden from exploration, administrative, etc. I do not know what that number would be. The strictly production cost that has been used in the industry for many years would be about $575-$625. However, if we have shut down some operations that could be much higher. Q1 2011 with low production was $725. Whatever it is now, it is at least in the lower third of Junior Miners.
Facts ruin agendas! Nice bar chart.
That definitely proves what those who understand the chart can see we have been saying for years. Only good predictor of long term appreciation is increase in fundamental value.
Here is some great news. Anyone who ever visited Molejon will recall that brutal very rough ride up from Penonome. Now we will have a new all weather 70 ton capacity road to run those PDI buses
on everyday! New bridges too! Seven thousand workers transported a day is not too shabby either.
Asfaltan carretera hacia Coclesito
TRABAJOS. En San Antonio, en Llano Grande, se vació alquitrán. Foto: Ovidio Lorenzo | La Estrella
2013-10-14 — 12:00:00 AM — COCLÉ. Los trabajos de recubrimiento con doble sello asfáltico de la carretera entre Llano Grande y Molejón, en los distritos de La Pintada y Donoso, que conduce hasta el proyecto minero comenzaron a ejecutarse el pasado viernes, a cargo del consorcio Fisrt Quantum Minerals.
En el sector de San Antonio, en Llano Grande, se realizó el vaciado de alquitrán en el tramo inicial que antes produjo malestar a cientos de residentes por las emanaciones de polvo.
Alberto Casas, director de Asuntos Comunitarios y Ambiente de Minera Panamá, explicó que se acordó con los moradores de las comunidades construir ‘una carretera segura y sin polvo, que reducirá el tiempo de viaje entre La Mina, Coclecito y La Pintada’.
BENEFICIOS
Se habilitaron cuatro puentes, que durante la estación lluviosa eran obstruidos por las crecidas de ríos y quebradas. La vía tendrá 685 nuevas señalizaciones de orientación vial en toda su extensión. Los inversionistas mineros, estiman que la carretera beneficiará diariamente a siete mil usuarios entre moradores y trabajadores de la minera.
Gerald Ábrego, divisionario del Ministerio de Obras Públicas (MOP), en Coclé, dijo que esta ‘es una obra costosa, que el MOP no podría asumir’ y que apoyarán, porque las reparaciones y asfaltado que se realiza ‘nos alivia mucho la carga con respecto a lo que tiene que ver con carreteras’.
Según el representante de Minera Panamá, los trabajos podrían culminar en seis meses, si el clima acompaña el programa de mejoramiento planificado.
There is a lot happening right now.
This will be a very big vote coming up December 10th. Now may be a silent period by rule and that is why we are not getting information. News (good or bad) will be out by November 15th. Lots of people flying around and lots of meetings. Some who are well aware have suddenly gone silent if you have not noticed. Did you join the PTQblog? Good access to information from pro-active large investors.
If you can only trade in Canada...
tomorrow...no good advice .... Market is closed in Canada...lol
YOU REALLY NEED TO GET A DECENT BROKERAGE ACCOUNT!!!
Anyway it is time for football...been fun listening to "the guys at the bar", loved that analogy. Yes I do know what is happening, and no I cannot share it with you. I bet you do not even know where the AGM is going to be held, or on what continent is our BOD today!!!
Mushroom city!!!
Delusions of grandeur !!!!!!
Arrogant, intolerant, curmudgeon, but not delusional. Very well aware of life and surroundings. Very happy to have held PTQ since about 2000. Would still like a yes or no answer on buying or selling tomorrow. Rest assured it will carry no weight, but I am curious. Extremely happy with relationships with management and some on this board. Really not concerned with those who hide their identity on a board. Really have no interest in meeting someone whose background I do not know and to whom I have not been properly introduced by a mutual friend. Sorry if contentment upsets you.
Some things are privileged and can be disclosed, some cannot. Sell or buy, you don't need to explain. Just don't sit there and do nothing!!! LOL!!! Life is very, very good!!
Do I read you correctly??
1. Warrants will expire, but have no effect on SP.
2. I think the last target price was about $0.91. That will be lowered substantially even with the offset of the new NI 43-101 because of the POG.
3. No doubt that Q1 gold production was very low. Maybe 8,000oz, since new equipment was acquired and balancing made during Q1 as explained in the MD&A. Q1 filing is November 15th. Current quarter may also be low because of POG not ability to produce, as posters here suggest, there is no point in producing and selling so cheaply. Share price will be governed by production and not earnings is what I inferred from your post.
DESPERATE TIMES...will cause entire company to be sold for $0.60/share more or less very, very, soon!!! Large stockholders will quickly accept that amount along with BOD.
THEREFORE AS I UNDERSTAND YOUR ANALYSIS, SP WILL GO UP APPROXIMATELY 100% BEFORE THE END OF THIS QUARTER!!!
That is where I get lost...Are you saying one should quickly sell before it goes up due to the buyout, or should one quickly buy as much as possible at this level because those new shares will double in less than 90 days???? Please clarify your post recommendation based on the three things that are guaranteed to happen.
Most here seem to be standing still like a deer on the road caught in the headlights, or crying in their cribs! Trading in Canada, but not PTQMF. Seems like an eight or nine fold increase in shares right now, above current holdings, would be guaranteed a very handsome return in short order. That is the great benefit of penny stocks, takes so little money to make a good return if you know what is happening.
Or if you are wrong, and the company is not sold off very, very soon, one would just have a bigger piece of this growing little pie. What am I missing here??? Seems like a winner here either way to me!!! Volume should skyrocket next week so there will be plenty of shares available.
Doing the Math.
Down (31%) YTD @$0.32. $0.47 recovers YTD 0.0% with no profits.
$0.32 purchased today moving to $0.47 gives $0.15/$0.32 or a profit of 47%. NO POINT AT BUYING AT THIS LEVEL. THINK I'LL STAY IN A FETAL POSITION AND SUCK MY THUMB!!! Must really suck to be absolutely broke and just sitting on the sidelines watching others make money on this easy decision. Those that jumped right in when the OMG-SKY-IS-FALLING STUPIDITY RANTS WERE POSTED BY THOSE UNABLE TO EVEN READ AND UNDERSTAND A P&L, WILL BE UP 62% AT $0.47.($0.47-$0.29/$0.32) That is while the sellers have nothing...the fetal thumb suckers breakeven. Such fools are really a blessing to the rest of us!!!! Making money is so easy my grand daughter wants to grow up to be a trader after reading the stupidity here. I generally don't like to trade, but she says she will buy a new car Christmas with her profits!!! But then it could fall....then she is stuck with the old Beamer for another year!!
Interesting result.
The First Municipal court sentenced three years imprisonment to the leader of the PRD, Balbina Herrera of the crime of inviolability of the right of privacy.
While I have nothing to share here about the relationship between FQM and PTQ it would seem that there are some opportunities for mutual benefit. A long term view is always better than trying to predict a short term share price. That is the easiest way to make money IMO. Those who have bought multiple times as the SP has bounced along the bottom should have lowered their costs to a great extent.
An outflow of money to stockholders of any real significance just dilutes one's pool of investment and incurs taxes. Far better would be some sort of synergistic relationship that allows one to continue accumulating a large piece of the future. Perhaps a token $0.02 to shareholders to begin some sort a dividend plan, warrants with a four or five year expiration in Minera-Panama would be much more attractive for long term investors.
I cannot conceive how people claim to have lost money if they have not sold their stock. If they did sell then they made a bad decision and must take responsibility for the result. I guess that is the difference between traders and investors. AS WB has often advised one should always invest with at least a ten year time frame. Some believe that business cycles run in seven year periods. So all the moaning and hand wringing is just a waste of time. The key is what are those investment dollars really going to be worth far down the road, and no one really cares about the interim ups and downs, except as they relate to the size of the stake one can accumulate.
As is often said, "If you look at the price on the menu...then you should not be eating at that restaurant." If you are obsessing over the interim stock price of your investment, then you are in over your head and cannot react to the opportunities that are evident. Better you should just fold your tent and move to something where your stature in life is better reflected.
Masked self flagellation is not a healthy sign. Some have said the share price will never recover and will drop to $0.20? If they believe that then why are they still here. If they believe that +- $0.30 is a good bottom they why are they not buying as much as they possibly can? If they are unsure why are they not pro-active with management to obtain better insight? And the worst of all, why are they doing absolutely nothing but ranting or complaining about metrics and events, about which they know absolutely nothing? In life, one either fishes or cuts bait for those who do....
All stockholders are treated equally by law. Management and the large stockholders have a strong majority. Why not just let them look out for the company and themselves and enjoy the holiday season. Have a great weekend!!!
Sorry you are having a stroke!!
PTQ as a company will continue to be fine and will move to the next opportunity. It is not my fault you did not make money with this investment and are upset that other have done so. Our management team lead by Richard own 17% directly and will take good care of us whatever the ongoing circumstance brings.
The absurd part is your position on probable or improbable events.
Company grows and develops share price will go up from here. Company sells some assets to advance progress or JV's in some way, share price will go up from here. Company just continues steady improvement, albeit at a slower pace, share price goes up from here. Company sells out completely to FQM, share price goes up from here. Company buys First Quantum Minerals,in JV with government, share price goes up from here.
BOTTOM LINE...NO MATTER WHAT...SHARE PRICE GOES UP FROM HERE. WE ARE AT THE BOTTOM OF A SECTOR DECLINE AND EVEN JAL KNOWS THAT. YOUR SHOULD COUNT YOUR BLESSING THAT THIS COMPANY HAS GIVEN YOU THIS GREAT OPPORTUNITY TO MAKE A LITTLE MONEY. BUYING OPPORTUNITY IS RIGHT IN FRONT OF YOU NO MATTER WHAT THE IMMEDIATE CIRCUMSTANCE!!! TRY TO BE HAPPY, LIFE IS VERY, VERY SHORT, BUT VERY GOOD IF YOU JUST USE COMMON SENSE.
Inconvenient facts.
1. PTQ Not For Sale, negotiations, not about sale.
2. R. Fifer has overwhelming support of the large majority of stockholders. (one share = one vote)
3. Take out non-cash accounting adjustments and advance commitment to water systems for locals and PTQ/PDI FY 2013 profitable from operations.
4. Two more Panama large gold deposits in pipeline for NI 43-101's. (Lata, Mestizo). Additional exploration ongoing at Pamilla.
5. Lomero-Poyatos ramp construction continues at $1million/mo. on time and under budget.
6. Many long term stockholders are still green at this level. DCA.
7. Large stockholders not selling, Volume less than one-half of one percent OS.
8. Contracts for containers and ore shipments from Spain under review.
9. Production at Molejon balanced and supply to FQM on schedule.
10.Philip Pascall and Richard Fifer have fine professional relationship.
11. At PTQ, CEO, CFO, COO run operations. Not R. Fifer's job.
12. GDXJ (63%) YTD, PTQ (50%)YTD. PTQ has significantly outperformed GDXJ continuously nine consecutive months YTD.
Final facts for today.
1. Heap leaching costs $450.00/oz., ore is ore.
2. Secondary coast road to be built by Minera-Panama is shown on Cobre Panama Engineering Report and passes right through the middle of Pamilla concession next to our ore body. Will be completed prior to our needing the ore at no cost to us.
3. PDI will be paid for aggregate and participate in building the road.
4. It is always good to publish NI 43-101's booking more resources that are bankable..
5. Lata and Mestizo ore bodies will probably be next.
6. All needed crushing equipment has already been acquired and installed. Balancing between gold ore and aggregate no longer an issue.
7.Reading and understanding P&L's... there were $17.1million non-cash events in Q4. Excluding those adjustments, profit for FY 2013 would show $13 million even with the extra $4.1 million committed to two water treatment facilities for local towns.
8.Aggregate sales now at a rate 400% larger that Q4 FY 2013.
9.Combined revenue streams from PDI (Services, construction, Medco/JV, aggregate sales) will contribute $60 million or more that equals 50% of revenue increase from FY 2013 to FY 2014.
10. LOM complaints and rants have been put to rest for most people.
The MD&A facts.
New additional machinery was acquired, installed, and brought on stream during Q1 FY 2014.
Gold production and aggregate supply have been rebalanced and operations normalized at a record high revenue level.
The additional revenue stream will add about two million dollars going forward to FCF in each quarter.
LP construction continues at a rate of more than one million dollars per month. Total cost of ramp is $7 million.
Ore from Spain will begin to arrive before the end of fiscal year.
Payments to DB have been completed to remove acceleration of loan impacting A/P causing E&Y qualification.
Negotiations with DB are underway to terminate or restructure gold/silver facility.
New equipment lease agreement has been completed with Caterpillar.
'Bridge loan' has been completed to support cash requirements until revenue stream reaches budget plan.
Thinking behind the decision...
I have a simple answer to the question about the decision. SURE MONEY.
You have a very good three year contract with FQM in hand. One that will generate profits representing 60% of your projected cash flow to the bottom line based on last year's numbers. Your production costs can remain very, very low. You can gain access to better ore under the aggregate. You can ensure survival and future profitability. You can maintain your relationship with a company that already gave you a contract twice as large as your total market cap and that sits in the middle of your concession in the jungle, while having an investment there 86 times larger than you are. This is a company that is 375 times larger than you are overall in the wider world operations. This is not a big elephant in the room...it is a whole herd!!!
Measure that against the fickle price of gold. The need to meet obligations for development in Spain and Portugal that have time lines for performance. The future access to your own known deposits via FQM 's road structure. The need to sell copper ore in Spain to Las Cruces owned by FQM. FQM's commitment to Panama to help your development.
I have no confirmation that I can share about the 'big deal' just around the corner. However, just on the merits of what I do know from published facts, the company made the right decision. Who cares if we only produced 12,000 ounces for a quarter? You will find in the MD&A that beginning with Q2 we have normalized operations balancing FQM's needs and our own production schedule.
We may have had another bad production quarter in Q1 and maybe only produced 8,000 ounces, for all I know. But that was the end of it. We are now running normally once again. We probably did a lot of routine annual maintenance while we were down, and the next two quarters should be very good. Then add the revenue from PDI and the EBITDA contributions; FY 2014 will be excellent. These things we can tell from what we know. Now if the rumor on the street is right and there is a big JV on the way that is just more gravy. If it is wrong we still will see a lot of solid income from FQM all the way to 2016.
So again...the decision was for MONEY, STABILITY, AND DIVERSIFICATION. Can't think of a better reason.
Those who don't like the way the company is run can come to the AGM, identify themselves and make their case. We all suspect those who complain the loudest probably have little or no investment at all. you can tell by the total lack of depth in their posts. Now don't cry that no one ever told you Q1 might only be 8,000 ounces. Thanks for keeping the buying window open and the everyday prices so low...even better than Walmart!!
As suggested by the moderator, there is no point in responding to specific comments and posts on this board. All the value is in the I-Box.
Interesting...to those who know the situation.
For Fiscal 2014, the Company expects a volume of 1.8 million m3 for its aggregates business, representing revenue of approximately $40 million
When you add in the mining services contracts and road building, I believe you get revenue of about 60% of that derived from gold production in FY 2013. That is up from about 6% in 2012 if I recall and 15% in FY 2013.
Gosh everyone mad at me, 'private war?'...
Just had fun on dead board for an hour!!
Did I think there would be more positive news by now? Yes, but understand why there is not.
Am I concerned? Not about operations or finances, wish there was better communication to the public if we are to remain public.
Wish we would go private.
Check the SEDAR default list at the end of the week. Bet we are not on it.
Did I think production was going to be low? Yes. I posted three posts to that effect since May 31st. Go find them if they were not deleted. I was looking for 15,000 to 19,000 if I remember. So 12,000 is way below my thoughts.
Do I understand why production was low? Absolutely and I agree 100% with the decisions that were made to curtail.
Do I think this is a "train wreck", "sell anything to stay alive", panic moment? No.
Am I buying personally? Yes. Although I must go to Prescott again because of some expensive complications on renovation of the airplane I bought and spending a lot of dough right now, so I may not add more than the regular amount just yet. Expect to buy heavily though if price drops to five for a buck no matter what.
So, given the above, I would advise you to follow your judgement and buy or sell as you please. I am very positive long term on the company. I don't think this is anything serious. I expect to continue making money with this investment as I have in the past.
If you don't agree then sell your shares.
Don't complain to me about what you think I know, or don't know, or will share, or won't share with this board of shadow investors. Some things are privileged, some are not. When I can I share what I think would be of interest, and I try to counter the absurdities and rants that have no basis in fact. Your moderators gave up and no longer post. Almost all who try to contribute and have a discussion in public have left for the PTQblog. That is the fact, and that is where there is pertinent information from those who actually do spend their own money to learn.
If you don't like the way the company is run, then stand up and be counted at the AGM. I can tell you that you are in a very small but vocal minority. You get one vote per share if I remember correctly, but you have to identify yourself and be in the public spotlight!
By the way, Q1 may be much lower in production...or maybe not?
If you were on site a few times over the last few months you would know. Is that not so?
If I did not have confidence I would definitely sell...but I am a buyer and happy to keep on buying. My money, my decision, my DD,
my profits or loss way down the road.
Nothing more to talk about, so enjoy the good life! But remember I am positive on the future....to understand you have to know the facts, and the plan, and be pro-active. Your money your decisions. Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. If there is too much risk for you, then you should definitely sell today!!!
Saludos.
Hey, I'm the most patient guy here!!
I buy regularly using DCA and pay no attention to the share price generally. However, now it is getting my attention again and maybe if we see five for a buck I'll step up to the plate and buy a few more. Still willing to sell @$7.50/share.
So I take it you are making a strong buy recommendation. I know it is hard for you to say the words, but just try!!! "BBbbbbuyingggg
Opppportunnnity!!" I know it hurts, but you can do it!!!!!
By the way have you inquired about Q1 production?? Why not call NR at IR, they have the numbers by now.
Address the question...
Is it time to buy or sell????
You have made a decision on what the company should do based on you knowing all the facts, so if what I tell you is true, PTQ is not for sale; based on what I know, what should investors do???
Are you buying or selling yourself? Hope you are not just standing there confused about events.
Well..well..Investor20501..a buy recommendation.
No way to sell yet,
Never thought I'd see that from you!!! Sorry to burst your bubble, but PTQ is not being sold. So I guess in your opinion it will not "stay alive"! Probably, it would be best to sell. Will you be coming to the AGM? Time for you guys to step up to the plate and show yourselves.
Hope you are not just sitting on the fence this week. It is either a great time to buy or the time to sell and walk away. Just standing there in the middle of the road can get you run over by the trucks going either up or down. If you think we are done...don't pull a Jal and ride it to the bottom!! Fish or cut bait time again...
$540.00/oz. Yes.
They also have a lot stockpiled. The cost may go up a few dollars this year, but stay below $600.00/oz. All the information is in the filings along with the future forecast costs.
LOL!! Scanned but did not understand.
1. Deal with FQM came many months after 4th ball mill!!
2. Equipment for aggregate for Inmet was there on time. See previous reports on the upgrade if you forgot or never knew.
3. FQM nearly tripled Inmet's rate and then added a road, much more aggregate than originally purchased. Look at the numbers!
Look at the Minera-Panama web site to see the work.
4. Company chose to protect increased needs of FQM contract as very profitable,look at the numbers, and it will be expanded.
5 Absurdity, "Now we know why it took them so long to file. So many bad numbers to crunch. That takes a lot longer."
6. Totally missed Subsequent Events impact, have it explained.
7. Lower price of gold made production less profitable. Remember you proposed slow down while price of gold was down!!!
I take back what I said. There is no point in your reading the financial statements and the MD&A. Just sell you shares and leave us in peace. This is getting just too painful to read your posts. I am beginning to feel sorry for you and your confusion.
Things are fine at Molejon; there are just growing pains where requirements outstrip FCF due to the price of gold. DB is now current per MD&A and the only actual problem is in Spain, and will be addressed. Management is applying scarce resources very responsibly and things will be normalized IMO. Will be buying lots of shares this quarter at great prices. Your constant whining is making me money along with the other large stockholders who are busy buying millions of shares. Even the ole' investor20501 has noticed. Just the lemmings are selling in pretty small increments. It's all good!!! Sort of a waste of time to bicker here, but it was fun today!! You really need to become informed, but not my job to spoon feed you.
ROFLMAO!!!
Remember you are looking at 6/30/2013.
A lot has happened since then. I think you should sell!! You said you did not want to "waste more money" on this stock, so that really leaves you with no alternative. My guess is that at worst case this might delay some progress for a year or two more. As a short term guy, there is no reason for you to stay unless you average down some more if it drops to $0.20 as the lemmings rush to the exit!! I think we will get a bounce about February 15, 2014 when we report all the warrants have expired and the accounting in Spain is straightened out.
You might have noted in my post this week I recalled a similar experience in Andalucia thirty years ago. Our auditors discovered they were carrying millions of dollars in current A/R and the customers gone away years before and actually some were already dead and buried. Their excuse was, "If we write the accounts off it will hurt the Balance Sheet!!!" Such is life in the big city.
Guess it sucks not knowing what is actually going on behind the curtain. Sell and be safe.....
Obviously you did not understand MD&A.
Yes I am a buyer and all the reasons make perfect sense to me. I like that they protected FQM deal and the DB acceleration will be handled shortly IMO. Keep beating the drums to sell. I honestly believe you do not understand the data and disclosures, but that is not my fault. Future looks OK to me, but that is just based on my education and experience, perhaps you are right and should follow your own advice a sell the little you have left before you lose it all. Trust your judgement and take responsibility for your gains or losses.
Obviously you did not read MD&A.
It was good to protect agreement with FQM and the DB acceleration is the only real problem at the moment. Hope your selling and running today.
I am buying at the right price. Equity going up as usual. It is always good to read the notes and understand the details before making a total fool of yourself. Lots of good stuff in the MD&A and the P&L notes. You should try to read and understand before you shoot from the hip without looking at the facts. But without opinions like yours, it would be harder to make money....
Sedar filing was 14:27 today.
2013-10-07 14:27 PTQ 0.325 SEDAR Audited Annual Financial Statements SEDAR Audited Annual Financial Statements
2013-10-07 14:27 PTQ 0.325 SEDAR MD & A SEDAR MD & A
LOL!!! Filings are on SEDAR!!!
But that ruins your story!!! JUST THE FACTS KEEP GETTING IN THE WAY!!!!
HOW CAN IT BE INSIDE INFORMATION WHEN THE WHOLE WORLD IS READING IT ON SEDAR!!!!ROFLMAO!!!!!!!
Natural assumption but over your head!!
If you appear on a default list, you issue a PR explaining the situation. When you file your taken off the list, so you can check at the end of the week. Remember the post we will be filing by Friday was posted on Saturday I believe. So that is before October 11, 2013, or is that too much information for you to process at one time? Haven't we always issued a PR after appearing on the list??? Hmmm???? Go back and do some DD!!!
OMG!!OMG!!! OMG!!!!
A little History lesson!! Sometime its a day, sometimes a week or more. As I said no big deal. Someone has very little investing experience and it is showing....
Default history
Issuer name Default time frame Default code Period of default
Petaquilla Minerals Ltd. 10/03/2013 - 1d.,3 AIF 06/30/2013
Petaquilla Minerals Ltd. 10/03/2013 - 1a.,1c.,1e.,3 A 06/30/2013
Petaquilla Minerals Ltd. 09/04/2012 - 09/13/2012 1d.,3 AIF 05/31/2012
Petaquilla Minerals Ltd. 04/11/2012 - 06/06/2012 1k.,2d.
Petaquilla Minerals Ltd. 11/22/2011 - 12/06/2011 2c. Q1 08/31/2011
Petaquilla Minerals Ltd. 09/01/2011 - 09/12/2011 1d.,3 AIF 05/31/2011
Petaquilla Minerals Ltd. 04/14/2010 - 04/15/2010 1b.,1c.,1e.,3 Q3 02/28/2010
Petaquilla Minerals Ltd. 09/04/2009 - 09/04/2009 3 AIF 05/31/2009
Petaquilla Minerals Ltd. 09/01/2009 - 09/04/2009 1d.,3 AIF 05/31/2009
Petaquilla Minerals Ltd. 09/01/2009 - 09/09/2009 1a.,1c.,1e.,3 A 05/31/2009
Petaquilla Minerals Ltd. 09/19/2007 - 10/09/2007 A,B,C Q1 07/31/2007
Petaquilla Minerals Ltd. 08/01/2007 - 09/27/2007 B,C AIF 04/30/2007
Petaquilla Minerals Ltd. 08/01/2007 - 10/01/2007 A,B,C A 04/30/2007
Petaquilla Minerals Ltd. 05/04/2005 - 05/13/2005 B,C AIF 01/31/2005
Petaquilla Minerals Ltd. 05/04/2005 - 05/13/2005 A,B,C A 01/31/2005
Why didn't you explain?
You know what the two "No's" in the list mean. Trying to create drama again where there is none. OMG!!! Trying to make a big deal where there is none. Happens automatically whenever filing is late. When documents are filed they automatically come off the list. You act like this is some big news event!!! Read the Press Release today and recheck the list at the end of the week. LOL!
Issuer name, Deflt str, Filing type,Dflt.cd, CTO, Mgmnt. CTO
PTQ 10/03/2013 AIF 1d.,3 No No
PTQ 10/03/2013 A 1a.,1c.,1e.,3No No
The BCSC publishes separate lists that detail reporting issuers, defaulting issuers, and cease traded issuers. Issuers should contact the Commission if they appear on any of the lists in error so we can promptly correct the data.
We encourage you to consult:
MI 11-102 for the meaning of “principal regulator.”
the reporting issuer’s disclosure record on SEDAR New window
the list of reporting issuers and/or reporting issuers in default published by the reporting issuer's principal regulator. See the Related Links page for links to the websites of other securities commissions.
Searching Issuer Information
Reporting Issuers
Cease Traded Reporting Issuers
Defaulting Issuers
Searching Issuer Information
You can perform specific searches for issuers using Advanced Search. The search function allows you to focus your search results to just issuer information by checking only that box under the Limit your search to: heading. Issuers who have ceased to report with BCSC and previous company names are also included in Advanced Search results.
Reporting Issuers
Issuers that are reporting issuers must make periodic filings with the British Columbia Securities Commission (the "Commission") under the Securities Act, R.S.B.C. 1996, c. 418, the Securities Regulation, B.C. Reg. 196/97 and the Securities Rules, B.C. Reg. 194/97.
View the most current reporting issuers list.
Back to top arrow TOP
Cease Traded Reporting Issuers
Issuers appearing on this list are cease traded in British Columbia due to failure to comply with securities legislation.
View the most current cease traded reporting issuers list.
You can find cease trade orders via the National Cease Trade Order database New window.
Defaulting Issuers
Reporting issuers appearing on this list are issuers that are currently in default in British Columbia of one or more of their continuous disclosure filing requirements.
View the most current defaulting issuers list.
You can subscribe to receive notification of new additions to the defaulting issuers list. We also offer an RSS feed with this information.
If an issuer does not appear on the BCSC's defaulting issuers list, this does not necessarily mean that it has filed all documents it would normally be required to file under the Securities Act; the issuer may be in default with another regulator. For more information about an issuer's default status in other jurisdictions please see Reporting Issuers in Default New window information on the SEDAR website.
Back to top arrow TOP
You can also find Exempt Distribution information on our site.
As Dragnet says, "Just the facts ma'am!"
One. It is actually nine days since the legal deadline of 9/28/13.
Two. Company input has nothing to do with the delay.
Three. There is no "Company Representative", non-existent job.
To quote an Officer recently, "...in due time...".
Things are tough in Mississippi!
LOL! Don't confuse me with facts you say.
One. It is actually nine days since the legal deadline of 9/28/13.
Two. Company input has nothing to do with the delay.
Three. There is no "Company Representative", non-existent job.
Read and learn. This below was posted before. If you talk to any Officer of the company they will tell you exactly why there is a delay without going into prohibited disclosure details that cannot be discussed. It is really easy to have an intelligent conversation with our officers and they are all open to intelligent inquiry. I am sorry your attitude and lack of contributions did not allow you to join the PTQblog. They try to concentrate on facts and not emotions. Everyone knows you do not like how the company is run, as well as the fact that you do not have enough shares to do anything about that, if you so chose. Your are at the mercy of those who do and know more than you do about the way forward. You can sell or suffer the reality of your life. It does not matter. Filing will be done when we choose to do it. As a shareholder, you are welcome at the AGM to state your case.
ONE MORE TIME, CONCENTRATE ON THE LAST SECTION AND READ SLOWLY...
ISA 315 (IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT) defines assertion as representations by management, explicit or otherwise, that are embodied in the financial statements, as used by the auditor to consider the different types of potential misstatements that may occur.
ISA 200 deals with components of audit risks that occur on the level of assertion.
In a financial audit, management assertions or financial statement assertions is the set of information that the preparer of financial statements (management) is providing to another party. Bir P (1975) "Financial statements represent a very complex and interrelated set of assertions." At the most aggregate level, the financial statements include broad assertions such as "total liabilities as at 31 December are $50 million", "total revenue for the year is $9 million" and "net income for the year is $3 million".
Auditors decompose these broad assertions into a detailed set of statements referred to as management assertions, separated into three categories:
Transactions (Income Statement):
Occurrence — the transactions actually took place
Completeness — all transactions that should have been recorded have been recorded
Accuracy — the transactions were recorded at the appropriate amounts
Cutoff — the transactions have been recorded in the correct accounting period
Classification — the transactions have been recorded in the proper accounts
Accounts Balances (Balance Sheet):
Existence — assets, liabilities and equity balances exist
Rights and Obligations — the entity holds or controls the rights to its assets and owes obligations to its liabilities
Completeness — all assets, liabilities and equity balances that should have been recorded have been recorded
Valuation and Allocation — assets, liabilities and equity balances are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded.
Presentation and Disclosure:
Occurrence — the transactions have occurred
Rights and Obligations — the transactions pertained to the entity
Completeness — all disclosures that should have been included in the financial statements have been included
Understandability — financial statements are appropriately presented and described, and information in disclosures are clearly expressed.
Accuracy and Valuation — financial and other information is disclosed fairly and at appropriate amounts.
Gold would be sold to Panamanian Government.
Mint in Canada has already bid for production of coins.
Price would be whatever is the going spot. No real affect on PTQ on way or the other.
Would not expect this to happen unless there was a major world wide default on all of the fiat currencies. More likely the renminbe will replace the dollar for international settlements. Bank in Brazil already selling bonds there denominated in renminbe. Too many advantages to using the dollar unless it collapses. As long as Washington has ink and paper the USA will not default. Just a lot of political meandering.
Well if you want to be serious...
Honestly the last time I had ISS responsibilities was more that three decades ago. In that instance for a fortune 100 company we had year end audits for our division in six countries at the same time. I had fifty-four internal auditors reporting directly to one of my assistant VP's and we closed out each section one by one in each country before consolidation. We did not have the same IFRS then, nor the computers we have today. So my experience may not be relevant.
However, I remember well that there was a huge amount of back and forth in Spain particularly and a lot of decisions to be made about disclosures prior to the final sign off as you referred to in your post. However, I think the last thing is they cash your check!!
I well remember that the 'nuts-and-bolts' of the audits were often completed five or six weeks before there was final agreement on the verbiage that accompanied everything outside of the specific P&L's. Putting together and signing off on the P&L's was always the easy part, and these were signed off by the appropriate officer in each country involved prior to being consolidated.
I am confident that the 'nuts and bolts' long been finished and reconciled. They are not part of the group of issues that have delayed things. I would not be concerned about that at all.(As an aside, I can remember arguing for three days with a CPA in Andalucia of all places that he could not carry in his current A/R, money due from some who were actually physically already dead and buried!!)
For those interested here is a little bit of the process now used:
International Standards on Auditing deals with audit assertion in details. It is my firm understanding that the issues that are being worked out relate completely to the Presentation and Disclosure portion to the herein referenced reports. Each of the potential JV participants has their own people and opinion on what is to be said when. Then you have the senior management people from Ernst & Young. Top management has been in Vancouver meeting regularly and they are working through these matters. It just takes time. So relax and just wait for the final result and try not to create drama and worry where there need be none. Seriously, I hope this helps, or you can go back to taking your cheap shots at the company or Panama in general. Either way, PTQ will be just fine.
ISA 315 (IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT) defines assertion as representations by management, explicit or otherwise, that are embodied in the financial statements, as used by the auditor to consider the different types of potential misstatements that may occur.
ISA 200 deals with components of audit risks that occur on the level of assertion.
In a financial audit, management assertions or financial statement assertions is the set of information that the preparer of financial statements (management) is providing to another party. Bir P (1975) "Financial statements represent a very complex and interrelated set of assertions." At the most aggregate level, the financial statements include broad assertions such as "total liabilities as at 31 December are $50 million", "total revenue for the year is $9 million" and "net income for the year is $3 million".
Auditors decompose these broad assertions into a detailed set of statements referred to as management assertions, separated into three categories:
Transactions (Income Statement):
Occurrence — the transactions actually took place
Completeness — all transactions that should have been recorded have been recorded
Accuracy — the transactions were recorded at the appropriate amounts
Cutoff — the transactions have been recorded in the correct accounting period
Classification — the transactions have been recorded in the proper accounts
Accounts Balances (Balance Sheet):
Existence — assets, liabilities and equity balances exist
Rights and Obligations — the entity holds or controls the rights to its assets and owes obligations to its liabilities
Completeness — all assets, liabilities and equity balances that should have been recorded have been recorded
Valuation and Allocation — assets, liabilities and equity balances are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded.
Presentation and Disclosure:
Occurrence — the transactions have occurred
Rights and Obligations — the transactions pertained to the entity
Completeness — all disclosures that should have been included in the financial statements have been included
Understandability — financial statements are appropriately presented and described, and information in disclosures are clearly expressed.
Accuracy and Valuation — financial and other information is disclosed fairly and at appropriate amounts.