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Ptq has been dead for a while. It's the election results. He just likes to do it in code as opposed to explaining what he means.
Big CC coming out today for FQ. It appears they did well during the quarter. Do we hear anything today or do we have to wait for our next quarter to come out ? If we dont hear anything by May 15 ........well, I really dont know what to say.
In regards to number one...what are you talking about ? FQ is not releasing the results until after the close today and there is nothing else new on SEDAR. Their CC is on May 2 where they actually update investors about goings on within the company. So what you are saying is that they are releasing info before it is made public ???
In regards to number three.....I am glad that your DCA is so low. However, don't you want to make a lot more money then your break even point. I thought thats why we are all here?
One Rule in life to live by, for everyone and every business.......pay who you owe !
Well, down 20 percent for the day so far....UNREAL.
May 2, 2014 FQ will be holding a CC....does anyone want to make a bet that we WILL NOT be mentioned ???
MJ...thank u for the details. However I was aware of some of that info from your prior posts. My point is this, PTQ on several occasions has put out a PR about upcoming events. When they events do not come to fruition, nothing more is said. I understand you either know people or you have dug up the info on the red kite deal on your own time. However, I will say it again.....events are mentioned and then they are deep sixed. Why not put out a PR or whatever you wish to call it in regards to what transpired to the general public, thus making it appear nothing is being hidden. I realize you will say that it is in the public records for everyone to see and I agree, but I still fall back on my previous statement.
I think that "this deal" will come on the heels of our quarterly report. This deal will have to be fantastic news to over shadow the horrible quarterly report that will be smacking us in the face. I am going to guesstimate that this quarter will be worse than the last if in fact we produced anything at all. I may even venture to say that there was no production.
Does anyone remember the red kite deal ? Oh thats right it never existed nor was it ever brought up again. Deja vu !!!
Are you saying that PDI is gone and I won't be getting my shares that they have promised me for years.....what a shocker. I'm all for things that assist the company growing, or in this case surviving so they better not screw this up as per their track record.
G...last time I checked and understood, I thought we had what they wanted and or needed. Why would they control us if in fact this is the case? If I have something you want....I control you.....to an extent of course based on how bad you really want it.
So just that i am clear.....when is this long over due deal supposed to be completed by....
Is it by FQ's May 1st disclosure of the its own quarter?
Is it after this gong show of an election ?
Is it in another few months when the planets are aligned ?
When you read the PRs about the deal and the delay for such a deal, its makes an investor who is not in the inner circle say to themselves....WTF ! Who is running this show ?
I just read FQs homepage and they are such a well oiled machine in reagrads to what they disclose to their investors. You dont have to be in the inner circle there because all investors are well informed in regards to their plans and time lines. Us.......not so much.
Can you believe its almost the end of April and nothing is going on.
Answer to shareholders...really ??????? When has that guy ever been accountable for his actions since this rolling stone started going down hill.
Brutal.
Agreed.
This stock is definitely not for the faint of heart if you haven't dumped as of yet. The companies history solely hinges on what, or what does not happen with this alleged deal. I have said this in the past, it is too bad that it has come to this. People blame the POG and that is only ONE contributing factor in this debacle. People should be held accountable for their actions, as someone was steering this ship that ultimately hit the iceberg that was in front of them. Be it the entire BOD or one person....someones head should be on a stick by now.
The timeframes for getting this wrapped up is also a pure mess. TWO PR's have been released pushing it forward, then yet forward again, then....nothing. Remember the first one's target being the end of FEB. WTF were they thinking.
We could only be so lucky if FQ gobbles up more than we think they are going to purchase. It is MID APRIL and there seems to be nothing on the horizon which causes the POS to sink into the ground.
PURE INCOMPETENCE IN MANAGING WHAT WAS ONCE A PRODUCING GOLD MINE.
They really should change the name of the company to .....misfits minerals.
Tomorrow eh......
Christmas is coming too. Come on VB, we know its coming but none of us, including PTQ have any idea when that is. Delay after delay after delay. If there is one thing they are great at, its not delivering......on anything. We are all frustrated except for one person. If there are other positive people out there, then they choose to remain silent for obvious reasons.
Well, there you have it, the first time that You have admitted that there was a fall and a crisis !!!!!!!!!
You state that people can know have confidence, and fundamental value will return......when the hell is that going to happen ? If a deal is not agreed upon and we dont secure enough money we are dead, plain and simple. No money, or not enough money equals not being able to pay off who we owe and no operations.
Life is not good for everyone on this board, except for you. The SP constantly falls. This deal has been in the works for a while now. I think they finally learned not to put a specific date in their PRs anymore in regards when they think it will be concluded as they haven't met one of them. We will probably find out more during FQ's report May 1 which is total BS.
The only thing you are right about is the fact that if you don't sell, you are not out any funds. However, holding on to this lead weight while in the deep end of the pool is not reassuring.
PTQ has not done anything lately to show the shareholders/investors that this company is moving forward. We have been moving in the opposite direction for a very very long time.
I told you I hit my head !
Im going to go out on a limb here just because i am bored and the waiting is tiresome to say the least. What if, we actually have something FQ wants so bad that we are going to receive mire than the 50-60 mil that keeps on being mentioned around here. What if we are selling more assets then we once thought. What if we get get a substantial amount of money that we finally get back on track....so to speak.
I know, i know, i know, I must have hit my head today but its just a thought. The argument to this is that the sp would be rising based on a great deal and I fully support that theory....one can dream though...right ?
I think I have aged twenty years waiting for this deal so it better be f'n good.
100 PERCENT...however, why don't you ask that same question to your friend, MJ.
Well there you are Digi....Are you still invested in this POS ? What are your thoughts about this deal between Goliath and PTQ ?
VB you missed the obvious point of my post. They continually post crap about whar they are expecting to do or what they have promised. I dont care about the past......it was only like that because they were new and shiny but as the company matured, they continually sucked, lied, mismanaged funds, filled their pockets, etc etc etc. Dude, im not making this stuff up, im just pointing out the obvious that they themselves post on their website to promote themselves when in fact, they are hurting themselves.
If they posted the truth i would promote that as well, yet they dont. What can I tell yah VB.
This is from the PTQs website under the heading why invest in panama....
Please note where I added the BS notation beside their statements.
Why Invest
PTQ: A Mining Pioneer***********BS
Petaquilla pioneered the Panamanian mining industry
842 square kilometres concession area in Panama 130 km. west of the Panama City
A Consistently Profitable, Low-Cost Producer*********BS
Profitable every quarter consecutively since Q3 FY2011, with compelling multiples ***********BS
Established low-cost gold producer with cash cost of US$550-US$600 per gold equivalent oz. sold
Heap leach process in Panama will increase production *********BS
Strong Upside Potential**********BS
Currently annual production at 70,000 gold equivalent oz. at Molejon mine in Panama with plan to increase mine life with the Botija Abajo and Palmilla deposits***********BS
Cooperative new relationship with First Quantum Minerals, owner of the $6.2 billion Capex, Cobre Panama copper project, next to Petaquilla’s Molejon mine*************maybe yes maybe no
Petaquilla’s wholly-owned subsidiary, Panama Development of Infrastructures (PDI), has US$75 million to US$100 million Aggregate and Screened Rock contract in place with Minera Panama S.A.
Plan to spin out PDI to shareholders. Shareholders will receive 1 share of PDI for 4 shares of PTQ they own********BS, BS, BS, BS, BS
Geographically diverse with the Lomero-Poyatos development project in Spain and Banjas and Jales-Gralheira exploration projects in Portugal*******BS, BS, BS, BS
Diverse and Friendly Mining Jurisdictions
Panama is an established and stable democracy with historic ties to the United States, has the fastest growing economy in Latin America, and uses the U.S. dollar as its currency
Both Spain and Portugal are European Union countries that are supportive of mining.............BS
Oh, I hear yah. What do I believe.....I will tell you when the deal is done. I rely on facts and numbers as they don't lie like some people, namely management.
My best GUESSTIMATE.....if we dont receive more than the 50-60 million, we will survive a bit longer then fade off, unless of course we receive ANOTHER PP.
History has proven that they didnt know how to handle their funds and that is why we are on the hook. They bit off too much more then they could chew. When the funds come in, they need to re-assess the allocation of who gets paid and what project will be focused on first. There will NOT be nearly enough money to go around, so in all honesty we will still be under water and they will need to develop a plan B.
I know I preach because the only thing we have left to believe in is a prayer. Maybe if I pray hard enough, Richard will be hit by a bolt of lightening !
I truly hope something comes out of this deal because there have been a lot of red flags to indicate otherwise. I hope that we are selling more of our assets to get us out of this black hole. Why would we need all of that property if we are not using/or planning to use it. Sell it now that someone is interested in it.
I just hope April doesn't come and go with no announcement. The waiting is killing me.
I also can't believe that there is only ONE promoter of this stock currently. Everyone else has either left, or opt not to post. MJ always seems to think that he is the know, however, he has not been correct ONCE on anything that he has stated. Im not talking about speculation, Im talking about things that he has said would happen based on his dealings with management. I think its ALL BS.
Yeah I know...wishful thinking I guess.
Alright, forget about that, how about a coup to oust the current management team ? These guys have to go.
A couple of things.....the only reason I am stuck here right now is because I am under water like ALL OF YOU. No one stays in a penny stock for YEARS in an attempt to make a profit as generally it is a "quick flip". You go for the blue chip for the long drawn out process, not penny stocks.
As for the political implications and concern who gets in.....I couldn't care less. Has it helped us out over the last few years that the current politicans and pro mining???? The current President of Panama made some stupid comments back in the day which actually hurt us. The current leaders have no influence on the SP anyhow and that's all we care about. And, in regards to whether or not they are pro mining mining or not is also irrelevant because, news flash, WE ARE NOT MINING !!!!!!
Everything, and I mean everything about this crew is a debacle. From not paying bills, to outright lies to its shareholders. What have they done is the last 1 1/2 years to make this company any better ? FIFER continues to get paid as long as this company is operational, and that's all he cares about. This lifeline that we think we are getting will just extend his payday. It won't help the company for the long haul.
He should have sold everything to the highest bidder and walked away from it all. How much money over the last 2 years do you think PTQ has contributed to Panama's export ???? Not a lot !!!
I am still waiting for my PDI shares that we were all promised for many many years. ANOTHER LIE or whatever you wish to call it.Some people may say that the way events have unfolded it in not practical to distribute the shares....to that I say really ! The 4 for 1 had been in the works for years...yes, years. It was the carrot in front of the horse that was never going to transpire but it was "hope" that led investors to think it would.
I would like FIFER to do another CC (that we haven't seen in years) to answer all of the important questions....that's what a responsible person does that is in charge of operations. It just dumbfounds me that we are not told about where this company is going. I feel like I am on a boat with no Captain. All the info in that POS Corp Pres is incorrect.
I dont understand how people can praise this company with all the crap they have fed us.
Oh, and VB, the only reason some of the big boys are here is because they wouldnt be able to unload all of that paper without the SP cratering even more than it has. They are under water like you and I.....very simple.
There are no more positive people anymore.....I think MJ persists on doing it because........well, I really cant answer that . Maybe he just likes S and M ?
Well, ptq should be very proud of reaching a new 52 week low. I should correct myself...this is the lowest since we were given the thumbs up to mine in this backwards country. They have not only driven a profitable company into the ground, they have publically embarrassed themselves to the mining community. Great job Dick ! I would say we can only go up from here, but we still have room to set new lows.
Petaquilla es Panama...GFY !!!
I refer you to the portion of your statement about voting no and how the result will cause the company to fold. This is the problem in the first place. How did your personal friend Richard let the company to be driven into the ground in the first place. What happened to all these fantastic people PTQ brought on board to catapult the company into space. Up until tnis point, PTQ is like a scud missle doing a nose dive and will only escape disaster by an outside source.
Here is the scary part.... How long will it take them to end up in the same position we currently exist today ????
I bet not very long.
I told you it wouldnt be done.....tick tock. Did you notice that they didnt put a time frame on this one ?
VB, all this negative crap , whether true or not takes center stage because there hasnt been good news in a very very long time. Perhaps these people have an agenda but it would be interesting to know if ANY of it is true.
When the news came out via the media about the loss of LP , one poster kept saying that it was not true and that the media was incorrect. Then other sources such as Ralston confirmed the same and again the poster said he was incorrect. My point is, there is info out there about the company that has made the media and the company does not defend themselves, or better yet I should say....set the record straight about what is true and what is not. Investors want the truth for gods sakes.
Are we suspending operations at this time and if so why?
Are we paying our employees or not?
What is going on with LP ?
What is going on with HL ?
Is there an environmental issue ? Doubt it
Is there a deal ?
Is the deal going to help us or just continue the water boarding technique ?
Have you ever been invested in a company that holds their cards so tight to their chest that you dont have any idea what the hell is going on ?
Where are my PDI shares that I have been waiting for ?
How did this bunch of maroons get voted back into power ?
How are the PP holders doing that bought in at one dollar back in the day ? Sure they used DCA but they are still under a lot of water.
What happened to a conference calls for updates ?
Shall I go on ?
Its begun !
Is Petaquilla finally over?
BY OKKE ORNSTEIN - MARCH, 28TH 2014
Great news from the mining front. It seems that the Petaquilla goldmine of corrupto and narco Richard Fifer is at the end of its lifespan. Workers were not being paid, that much we knew already. And now it seems that most have been sent home, and Petaquilla has filed to void their contracts, reports TVN:
Eric De León y Onésimo Domínguez, dirigentes del Sindicato de Trabajares de la Industria Minera en Panamá, indicaron que la empresa Petaquilla no se ha declarado en quiebra, pero presentó la suspensión de contrato ante el Mitradel, alegando que lo que tienen no da para mantener los gastos de operación.
Los obreros han sido enviados a sus casas por cuatro meses y algunos han sido destituidos, sin recibir pago alguno; además desde hace un año la empresa descuenta el seguro social pero no lo paga a la Caja de Seguro Social, según los obreros.
They further warn that the ponds that are being used to separate the gold from the rocks might contaminate the nearby river if no maintenance is done any more. In this process cyanide is used in massive quantities, and excessive rain has caused contamination before.
Meanwhile, PTQMF stock is trading at only 23¢, the lowest in 6 years. This stock used to be pumped by scam pimp Don Winner, who wrote when it was trading at $3.20:
I first talked about this stock (and bought some) when it was at .80 cents a share. Now, at $3.20 or so, it’s still going to see a nice bounce, then a long run up. My advice, buy and hold.
Hahahaha! Another one on the long list of scammy investment recommendations from der Wanker that sends your savings down the drain! Bye bye, Petaquilla! And please don’t come back.
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Well MJ, lets see how you put a positive spin on this one. !uck me what the hell is going on around here ???
Eric De Leon and Onesimus Dominguez Union leaders Trabajares Mining Industry in Panama , said that the company Petaquilla has not been declared bankrupt, but filed the contract suspension against Mitradel , claiming that they have not given to maintain operating expenses .
The workers have been sent home for four months and some have been dismissed , without pay , plus a year ago the company deducts social insurance but do not pay for Social Security , according to the workers.
De Leon said the workers have noticed that the company pays to Social Security because when they come to receive care not attend because they have eleven months in arrears , which is a crime , why they will a claim against the company.
Definitely closing operations , workers warned of Petaquilla is threatening environmental and social safeguards .
Tubs are used to a depth of 30 meters and near rivers to process gold, that are not maintained and cared cyanide could end up polluting water sources that use large populations .
Moreover, they could be left tens income sources of households engaged in livestock and agriculture, and moved to the mining industry.
Petaquilla Gold settled in Panama in 2005 and five years is exporting gold.
According to De Leon , financial problems are due to two reasons: the loss of a grant of a mining company that tried to exploit in Spain and mismanagement of the mine in Panama .
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So it seems to me through the chatter around here that we are now waiting for FQ to release their report so we know the fate of PTQ....talk about ass backwards !!!!! Correct me if im wrong, but wasnt it PTQ that put out the last two PRs about "ongoing negotiations ?" Im just waiting for the PR to come out which will be along the lines of this..........
" PTQ is still in the midst of negotiations as FQ is busting our balls and we cant come to an agreement at this juncture. We will actively try to break them down and hopefully this issue will resolve itself by the end of April. Please keep your faith in this current management team even though it doesnt look like we know what the hell we are doing. PS, we have halted gold production for the betterment of the company. If yiu have any questions, please do not hesitate to contact IR, even though we have directed them not to answer your questions "
If the price of gold is any indicator of what is to come.....then we are cooked.
PTYGOLD.......what is happening on the ground. Have you heard anymore that you are willing to share ?
Nothing on SEDAR as of yet in nothing in the local papers.......what a surprise. Four more trading days.
If they know that this is not going to be concluded before the end of March, then advise us !!!!!!!
Any bets that this month will end, followed by a PR released on Aprils fools day (how appropriate) that the alleged deal is not complete ?
VB...of course the SP will go up because the time the is deal is done, there will hardly be anything left of the SP and up will be the only place to go. I have said this before.....I realize that the "big boys" aren't dumping, however, its the guys like you and me that are controlling the current SP and have for some time.
Unless you are currently buying at these prices, lets say it goes to .20 and the deal makes it go to .35.... are you going to be happy ??? Maybe thats your break even point...maybe not....maybe you loaded up....maybe you didn't.
I take what I take from these boards in regards to rumours etc, however I can't remember the last time that someone who had "insider info" was correct.....can you ?
What are your thoughts about MJ thoughts in regards to holding up production for another quarter....how do feel about that? Is it true, is it not, and do you support the company in this decision ????
Back in the day I actually listened to MJ and what he had to offer to the board. I never bought based on his info because that would be stupid, however, I thought that "it sounded reliable" Now, is a different story. Out of all the info that he has ever posted, other than what is in the papers to do with Politics etc etc, none of his apparitions have ever come true...NOT ONE THING !!!!!
Im going to go out on a limb and say that there will be nothing posted by the end of the month. The month will come to an end and they will offer another ridiculous PR as to how "negotiations" are progressing or shall i say not progressing. This will occur followed by the SP fading into the sunset.