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Please don't go up before Tuesday! Please. Please. Please. I need some more shares Tuesday! Mantaineur de marche...loose translation Maintainer of the course, Controller of the course or direction, Assigned Market Manipulator. The dude with the cash who is supposed to keep the share price under control.
I think you are exactly right in your analysis. I am selling everything, but some family members to raise additional cash to take advantage of this opportunity. Come to think of it...I may sell a couple of those also.
Have a good weekend! You are always thinking, accurate, and honest in your assessments.
Gold was $1415.00 a few minutes ago. That is $65.00 more than whatever we were selling it for when it retailed for $1350.00.
That is another $520,000.00 right to the bottom line for December's production at 8008 ounces.
I read somewhere that someone calculated how much a $50.00 increase in the price of gold impacted our bottom line. Can't remember just where I saw that. It would be a nice little formula to have at hand.
Did we ever find out just how much more money we get from DB when the price of gold goes above $1,290.00; if there was a cut off to the amount we would get at a certain price? If it is dollar for dollar we could be getting some more serious money at say $1,500-$1,600 gold. Anyone know the answer?
Did we get any feedback from TOM on what the 'CDS & DTCC PARTICIPANTS' means at the top of page 7 in the Corporate Presentation?
Has anyone compared the Corporate Presentation to the questions we wanted answered and scored the responses?
Come on...there are 50 of you guys out there. Why are just a few of us doing all the heavy lifting? Don't be shy!!!
Global Investors on CNBC right now saying that ETFs own nine years of future gold production and that we are in the very early innings of a gold bull market that could easily double its price in the next couple of years! They are also looking at central banks and retail investors in India, China, and Russia.
Juan Carlos Varela the current vice-president will be the next president of Panama. Two large parties united in the last election to beat the PRD who ran the left wing woman B. Herrera. Varela was the head of one and Martinelli the head of the other. PRD's decision to run Herrera was a disaster and they were wiped out everywhere, cities, states, federal level. They are in shambles and Navarro is trying to get control of the PRD so that can run sort of a little left of center.
However, in forming the ruling Cambio Democartico,(CD), the deal was struck that Varela would be the next candidate of the right wing, (right even of Regean), CD and would be supported by Martinelli to succeed him.
Martinelli has about a 70% approval rating. He was elected by the greatest majority in the history of the country. His party will control the Supreme Court for the next twelve years, and almost every month deputies of the PRD in the national assembly, where they are a minority, are quitting the party and joining the CD. At the rate of change the PRD will be a very small minority in the one house National Assembly by 2014.
Martinelli would be classified as a neo-populist. By definition, has liberal social policies for the poor combined with a strong right wind capitalistic view of economics. Probably due to life becoming a self-made millionaire when starting as a clerk in a Walmart in Arkansas. He is very well educated University of Arkansas as undergrad in business and his MBA from a very fine international school in Costa Rica. He is authoritarian in style, but that works in Latin America.
He is as pro-mining as you can find and so is Varela. No worries,
Panama will be developed into one of the biggest mining regions in the world.
Latest on political positioning. PRD's Navarro has zero chance of winning the presidency in four years, but he will make a lot of noise. Today is the final day for public comment on Inmet's 14,000 page study. My guess is that it will be approved before the end of the year and PDI will be building roads and dumping aggregate before the end of January.
Juan Carlos Navarro Using Mining Issues To Position For 2014
Friday, December 03 2010 @ 09:48 AM EST
Contributed by: Don Winner
According to Democratic Revolutionary Party (PRD) leader Juan Carlos Navarro, the Government has allocated 44% of the national territory to mining concessions which have already been granted or are pending, without the approval of the National Environmental Authority (ANAM) nor an Environmental Impact Assessment (EIA). "If the ANAM can not evaluate an EIA, how can you supervise open pit mines in several areas at once," asked Navarro when speaking to Channel 13 Telemetro news. Navarro said that a serious mining operation has to be audited, with checks and balances that can be analyzed and studied, but stressed that in Panama this has never happened. In that vein, Navarro believes that mining in Panama would represent the death of nature in the country. (Panama America)
Editor's Comment: The PRD has ruled Panama about 75% of the time over the past 42 years. And, in all of that time mining has never been developed in the country, even though the minerals have been there for millions of years. I believe it is perfectly possible in this day and age to apply the lessons learned in other countries, and to develop mining and to exploit those minerals in a safe and responsible manner that does not pose a risk either to the environment or the people who live in the area. Now the administration of Ricardo Martinelli has the opportunity to develop what could turn out to be one of the largest copper deposits on the planet, and the Koreans are going to come in to work with the Canadians to develop and exploit this mine. The potential upside for Panama and the Panamanian people is tremendous. Meanwhile, it looks like Juan Carlos Navarro is one of the few PRD politicians who will still be standing in May 2014, and he's already starting to position himself for a run for the presidency. He knows that environmental issues are good political issues in Panama - he cut teeth as the director of ANCON.
You make a good point. Page 40 of Presentation answers the question if anyone does DD beyond the SEDAR/SEC filings. Molejon was close and quick to get things underway. There is a lot better stuff under the old 1540 Spanish mines and all over ODN an other targets. IMO the gold reserves were never a risk.
IMO the two big risks that held back the project for several years were political and financial costs of development. Those risks are both gone. The big players have now moved heavily into the stock and succeeding filings over the next twelve months will put the facts on the record.
When will the retail market catch up, I have no idea. I'll keep buying when I can until the price tops the all time high that I think was about $3.40.
Dollar down, unemployment USA up, no decent job creation, economy in tank and getting worse...gold going to the moon today! Hang On!
Excellent hire, well known, highly respected. It is amazing what you can do when you finally have money to invest in long ball hitters. Probably was recommended by Geovectra to the company. They may have given him a thumbs up that this was a project with world class potential, or he would not have touched it.
Loads of experience with large operations. Brings instant credibility to position. This guy is a strategic planner not just a bean counter.
Word may not have gotten around to the fickle retail markets, but we are on the map in the world of serious finance. Go back and look at page 7 and read the names out loud. Three months ago we were wondering if any big bank even knew we existed and could not raise $12,000,000.00 in a private placement and had to settle for $2,000,000.00. "We've come a long way baby!"
Now if our new CFO can just get PTQ to trade for $27.00/share like Silver Standard Resources, Inc., I will say he was a hell of a strategic planner!!!!!
No worries. We spend $100,000.00/mo. on altruistic endeavors with schools, scholarships, hospitals, etc. and have been doing so for years. In addition Inmet is already spending about $500,000.00/mo.
in the same area on the same things. We even provide uniforms for sports teams, sponsor community activities, provide hot lunches for the children in the schools that we have built.
The annual PPG for the population in the local area and local cities was about $650.00/yr. before we came. It is now $3,500.00/yr. for thousands of people. Many in Panama make only $2,500 per year even in the big cities. When you consider you can hire skilled labor in my area for $20.00/day you can see $3,500.00/yr. is a huge improvement. For a rural jungle area this is huge!
Right on the divide I can see the Pacific to the south and the Caribbean to the north. There is so damn much gold everywhere I am beginning to wonder if I should get a pan and shovel; start digging around the hill.
It is still raining some, but not so much in our immediate area. This is just the tail end of the season. In four weeks the ranchers will be crying that the cattle have no grass and no water to drink.
Don't worry about it anymore.
It will no longer be an issue for the company. Remember we are on top of the mountains generally. The guys at the bottom are always getting flooded. Then they rebuild their houses right in the flood plane again!
Do you know where we can get about twenty activist/tree huggers to lie down in front of our big CAT ore trucks to have a protest?
We could film them with tread marks and put it on our web site.
There are now three or four countries in the world that sell gold mini-bars and coins in vending machines accepting various currencies. I believe Germany is one of them. These are now starting to circulate in open commerce and are readily accepted by many people. Your choice CAD, USD, Euro, Yen, or GOLD!
Coming soon to a WalMart near you...
Latest on subject:
ANAM Urged To Return "Donation" To Pay For EIA Evaluation
Thursday, December 02 2010 @ 08:48 AM EST
The Minister of Trade and Industry, Roberto Henriquez acknowledged that it "looks wrong" for a mining company to donate money to the Panamanian National Environmental Authority to pay for the evaluation of their Environmental Impact Assessment (EIA) for the operation of a mining project in the Donoso district.
"I do not agree with that and it looks bad, so my recommendation for the ANAM to return the money and to see how the government can provide the funds for the assessment to be made," he told TVN Channel 2. Henriquez acknowledged the donation generates suspicion, "precisely the last thing we want on this issue."
He said what he wants is for mining issues to be handled with transparency, and as proof of this he personally called on President Ricardo Martinelli to ask that changes being made in the Mining Code should not be discussed in Special Sessions of the National Assembly, and they should wait until January. He also noted that the institutions that regulate the mining industry are being changed to accommodate the growth in the industry in Panama, which is why they recently renovated the laboratory, they are moving the administration section to a new facility in Plaza Edison, they are also hiring more geologists, supervisors and lawyers, in actions that will more than double their staff. (Panama America)
Editor's Comment: Whoops. Sometimes it can be tempting for business managers to want to try to find ways to "speed up the process", (So much for sweet addition to pot.),of getting their paperwork through the Panamanian bureaucracy. However for a mining company to donate money to the agency charged with protecting the environment was a bone-headed move. The government of Panama stands to make literally billions of dollars from the successful exploitation of this mine - one would think they could pull their collective heads out of their bureaucratic assess long enough to conduct the evaluation of an Environmental Impact Assessment, right? This is another example of a self inflicted wound, completely unnecessary, and dumb.
There is no middle ground with these guys...they are still against expanding the canal. They are closer to the ELF in the USA that the EPA. As Anski said, that the dogs will bark in the night, but the caravan will continue to move along. Actually Costa Rica banning open pit mining will strengthen Panama's desire to do it. It is a Central American cultural thing.
IN YOUR FACE TREE HUGGERS! CD CONTROLS SUPREME COURT, EXECUTIVE BRANCH, AND NATIONAL ASSEMBLY FOR AT LEAST NINE MORE YEARS!! MATCH OVER "CHECKMATE"!!!!
Further article stating that mine may squash some lizzards and butterflies. God forbid you should raise the standard of living for the local people. Let them scratch out a subsistence existence and barely survive, but the bugs, lizzards, and butterflies will be safe!!
This crap can affect PTQ from two directions: Expansion of Molejon pit and pits at ODN & Santa Lucia. Plus PDI work for Inmet. Martinelli will squash them like the lizzards and butterflies, but it will cause political arguments and delays.
Google translation again:
Copper Mine Project Panama
Controversial environmental study
It seeks to explore and exploit copper in the area Donoso, Colon Province, affecting about 5 000 900 hectares of land.
Aleida C. Samaniego
ansamaniego@prensa.com1475914
The theme is again mining point of contention among environmentalists, after the company Minera Panama SA submitted to the National Environmental Authority (ANAM) for evaluation, environmental impact assessment (EIA) category III, for the construction of a pit copper mine opened in the district of Donoso, Colon Province, from 2011 to 2015.
This is one of the most millionaires in the country, as it invested about 4 thousand 320 million dollars, a figure only matched with the investment made in expanding the Panama Canal.
The mining project has within its three open pits exploited - deep cuts "in areas Botija, Hill and Valle Grande. The cuts will be 400 meters deep and a mile wide. The depth can be compared with the 415 meter high were the twin towers in New York, United States, demolished in 2001.
Similarly to install a concentrator plant, a port and a plant for electricity generation, according to the EIA.
Suspicion
The major concern of environmental agencies is not focused only on the three gorges and deforestation of forests, but also in the direct purchase of Southern Risk Consulting Company SA, which in turn has organized a task force with the Chilean company Sustainable directed by the lawyer Juan Carlos Urquidi, an expert on environmental issues.
The amount of the assessment and analysis of EIA copper project promoted by Minera Panama SA is 802 000 $ 500 and paid by the sponsoring company.
At about this recruitment, Anam said that Article 45 of Executive Decree 123 of August 14, 2009 states that the entity within the time limits, has the power to hire, at the expense of the developer, specialized professionals to assess environmental impact studies.
Thus, Anam justifies the company concerned to pay the study because of its complexity. Therefore, environmental impact studies should be evaluated by specialists other than those of the institution or sectoral environmental agents. Ensures that this is a normal mechanism in the development of such large projects and should not determine the final decision of the Anam, since the results will be public and are unquestionable technical results.
For Alida Spadafora, executive director of the National Association for Conservation of Nature (ANCON) is questionable this situation as evidence that Anam has no resources to analyze and evaluate the EIA, and less to monitor and enforce obligations and mitigation program.
The Anam can not delegate the power to evaluate the study. The institution may seek help from specialists, but not delegate its function to a private company, said Spadafora.
Effect forest
The study indicates that about 5 000 900 hectares of land will be tapped to develop the project.
The intensity of clearing for construction was initially estimated at five acres per day and will be cleared 2 000 200 hectares for the construction.
According to Tania Arosemena, interim executive director of the Center for Environmental Advocacy (CIAM), this project will affect the National Park Major General Omar Torrijos Herrera, the forest reserve and natural monument Calobre Wells.
He adds that the project is located in the Mesoamerican Biological Corridor in Panama.
Endemic species
For details of the fauna of the area were six seasons of studies, spent about 500 hours studying amphibians, reptiles, birds and butterflies, and documented 2 000 688 days of photographs for the study of mammals.
The study suggests that within the project area live 57 species of amphibians, 53 species of reptiles, 308 species of birds, 186 species of butterfly and 19 species of mammals.
Of these species are identified in the lists of the Anam, 13 amphibians, 22 reptiles, 112 birds and 20 mammals are endemic, Arosemena explained.
In addition, species observed, 7 amphibians, 9 reptiles, 56 birds and 11 mammals appeared in the national protection lists.
A Spadafora it is noteworthy that all the impacts identified in the study were considered among low to moderate, when this kind of exploitation is considered one of the worst polluters on the planet.
The extreme weather events were not considered in the EIA, although the area is vulnerable to disasters because of high rainfall. Nor was taken into account climate change.
This morning article with Charts in La Prensa from environmentalists attacking open pit mining in Panama. www.Prensa.com
Don't think it will go anywhere since government will receive a lot of money for the treasury from Inmet&Petaquilla, but this will cause a lot of talk while ANAM reviews the impact study from Petaquilla to expand the pit and Inmet's 14,000 page application to start work.
Google translation sort of sucks, but you can get the drift:
Anam no technicians to oversee activity
Mining evidence institutional weakness
Environmentalists criticize the mining company is paying the technicians who evaluate their environmental impact study. Today is the deadline for submitting comments to the document.
Aleida C. Samaniego
ansamaniego@prensa.com
The support the current administration has given mining open-pit copper and gold, has highlighted the institutional weakness to control an activity considered as the most polluting of the planet.
The latest example is the direct recruitment made by the National Environmental Authority (ANAM) to the company Austral Risk Consulting, Inc. to assess the environmental impact assessment (EIA) of the company Minera Panama, which aims to extract copper Coclesito province Columbus.
The cost of the evaluation of the EIA is $ 802 000 500 and will be assumed by Minera Panama SA, which could become a problem of conflict of interest and "leave no doubt about the rigor of the analysis" as saying environmental groups like the National Association for the Conservation of Nature (ANCON) or the Environmental Advocacy Center (CIAM).
According to the timetable of the evaluation process, today is the deadline to submit comments to the EIA "with nearly 15 thousand pages," he protested Tania Arosemena, the CIAM.
In 2007, major environmental organizations petitioned the then president, Martin Torrijos, a moratorium on open pit mining, to determine whether the country has the technical and environmental conditions for the development of this sector. No answer.
SEE Controversial environmental study
Warrants: According to my figures 8,094,196 of the 23,063,800 really cheap ones at $0.65 have been exercised as of November 26, 2010. When you include the 2,100,042 at $0.85 it means that we still have 17,069,646 left that are subject to the thirty day call if we can ever stay above $1.00 for thirty days.
That is still a lot of shares to work through. Does anyone have any later or better data??
Sorry, the only caveat is I don't have any idea what the market reacts to and how the share price is driven. It would seem to me that it is a much safer bet with no downside risk left. I have been and continue to accumulate shares as the opportunity presents itself.
By the way Loji, did you notice from the presentation that if we add the company base case for production over the next nine months that end after Q1 FY2012 and then just hold production for that same in the Q2 FY 2012 we will have produced over 121,000 oz. of gold in the next twelve months?
By Christmas after this one we may be running at the 200,000 oz./yr. RATE,(heap leach going full blast). Now throw in some better grade ore from the expanded pit,(look at the cross sections),and some good stuff from ODN and Santa Lucia next door, and you will be able to write a check for those student loans!!
Then of course there is the silver and aggregate for desert,plus all those PDI shares and contracts...
Yea maybe??? But I read somewhere in Inmet's data that they expected to have about 90,000 ounces of gold a year as a by-product from their operation that would not be high enough to trigger the PTQ clause that allow PTQ to mine if they do not interfere with Inmet's operation.
On the flip side of that agreement, back when they sold the copper deposit to Inmet, I think there was something about Inmet getting any copper on PTQ's concessions and PTQ getting all of the by product GOLD with no associated costs.
Another 90,000 oz. a year sometime in the future at no cost would be kind of nice and fall right to the bottom line of PTQ's P&L's.
I do recall that PTQ does not get the by product gold from Inmet's current project, but I think they do later if Inmet develops PTQ's concession with this big copper target.
Interesting possibility??? If one copper deposit produces gold as a by product, why not the other? Same batholithic area. Actually there is every reason to believe that there will be some rich gold on Inmet's project also, triggering the PTQ ownership clause.
The genius of this agreement is Inmet does the exploration and infrastructure develop while PTQ gets the gravy if they find a bowl.
Did anyone notice the huge Paficito Porphryry COPPER target on the Petaquilla concession north of Inmet's property? Wonder how that will fit into the mix? (Left map on Page 40.) Not sure who would develop it, but I think all the by-product gold would belong to PTQ and there would be a lot of business for PDI. Looks larger that Inmet's 13B lb. deposit.
2,060,134 shares traded today in total.
Does anyone know how many of the cheap <$1.00 warrants are still
out there to be cleaned up? Share structure still not up dated
since November 5th on web site.
None of the financial sites have up dated for years in many cases.
CNBC, BIG CHARTS, YAHOO, STOCKPICKER, 24HGOLD.
I have not found a single service anywhere that is even remotely close to actual facts on the ground. Most are worth what you pay to use them. Actually, LT this is a benefit as you have years to accumulate shares before the 'unwashed masses' become aware. I saw one the other day that still thinks Noriega is President. Bush kicked him out in 1989!!
24hgold doesn't even know that the government changed in July 2009 and rates PTQ at a HIGH RISK even today because of lack of government acceptance of mine development.
Can anyone suggest a free site that is up to date??
Thanks for the information. My guess is that when all is said and done with just ODN and Santa Lucia added our "in situ valuation" will increase 4X from its present level. A lot of the other targets that Jal mentions in his post have not been explored yet, because of accessibility.
We are in the jungle as you can see by the aerial photo taken from the coast looking south. It could easily be five years before most of it is explored. In the mean time there is plenty of accessible ore of a good grade to keep the wheels grinding for many years!
The Bojita Abajo and Brazos zones are part of the original Molejon pit development project and not new exploration targets.
They were discussed in the MD&A of FY2010. They are shown in the company presentation, along with the newly designed pit footprint.
Locations are northwest and south adjacent to the initial pit and Geovectra was hired to do the pit design. As promised by management their new design was published right on time with the forecast results.
I believe the new pit will be at least four times as large as the initial one and also produce a lot of aggregate for Inmet.
Geovectra is out of Santiago, Chile and very well respected in the mining world. Love them or hate them, one thing you must admit about Petaquilla, management travels first class, and by using the assay outfit in Tucson, with Geovectra in Chile they have the best in the industry.
Combine that with Ernst&Young minding the store and there should be no concern about the quality of information we receive, even if it is less that we would like.
Loji, Could you explain the modeling for the calculations in your formula for guidance on buy and sell points? I have seen you use it several times, but I do not understand what is behind it.
Botija Abajo and Brazo are relatively small zones and have been right there where they have always been. You need to get down to Panama where you can get a better concept of the immense size and potential of the area. Louisville and Florida State have great programs and you might work out a semester exchange deal if you go after it. Then you could be on top of the scene.
In my not very humble opinion, I believe that the available resources soon to be revealed will support something well above
10,000,000 ounces. I know it is hard to get one's mind around the size of the mineralization zone. You can look again at the maps on page 40 and compare size to Molejon.
Even when you see all the gold that will come from Oro del Norte, remember that Santa Lucia and other concessions are also 100% owned by Petaquilla Minerals S.A..I doubt that Molejon holds 10% of the gold eventually to be extracted from the area.
I don't know how all of this factors into the share price, and I sure can't time the market, but I do know that the gold is there.
Ricnat, take a really close look at page 40! That really puts the potential in perspective. Anxious to see your analysis of this presentation.
Looks like we will be paid $17.00/m3 to remove all of the excess aggregate and reconfigure the Molejon pit. What a deal!
IMO PDI is going to be a huge deal to rival PTQ in the next couple of years.
Long term honestly it scares me to speculate about it. There are always a lot of things that can happen in any business adventure.
I can remember land on the Kenai in Alaska in 1957 for $200.00/acre that is $175,000.00/acre now.
Let's just pray that God has seen fit to bless us, and that we use what will be given us for the betterment of our families. I have been steadily investing in PTQ for a long time. @10.00/share that would be a three bagger for some of them...but also a thirty-three bagger for a lot more.
I made a hard decision when the DOW hit 14,000 to get completely out of equities and then after spending some serious time on the scene in Panama decided that it was worth a serious commitment.
Still praying it was the right decision...feel better about it each day.
Mantequilla, Stuttgart is only a short flight from Munich. I think they make cars there since about 1885 or so....
I think you are close Anski, maybe a little more production as the heap leaching comes fully on stream, plus about six million for aggregate, and several million in silver, some money from DB with the price of gold above $1,290.00, and finally $41,000,000.00 from the rest of the warrants. If anything your calculations are conservative and should certainly be achieved.
If I read the Shareholder's Rights Plan correctly at some point I get to buy an additional share,(for each share I have), at $30.00 USD each. Wouldn't it be nice if that turned out to be a bargain within six years!!! Maybe I am reading it wrong, but that's what I understood.
Sorry about the bad day at work. It will take a while for the "news" in the presentation to work its way into the market. Actually, for me, the most important news was the acceptance of the shareholders rights plan and the continuance of Ernst&Young as auditors.
I had pretty much known, or deduced, the information in the Corporate Presentation. Once they work through all these warrants and post some 'official results' on SEDAR & SEC in January, the SP will move up steadily.
I noted that a lot of shares are now locked up for the LT with institutional holdings of around 105,000,000 million shares. Combine that with the 12% management controls and the float is not very large. If they are able to meet the 'base plan' the SP will take care of itself.
Did you happen to see on the map in the presentation where the new port will be built on the Caribbean Sea? That will bring a huge amount of infrastructure along with it. I have not been able to find out who the long term contract for aggregate has been lodged with, but I bet it is for Inmet roads.
Time to just relax and let things develop. Still planning on Octoberfest in Munich next year compliments of PTQ&PDI!!
Please read post #5076 from two weeks ago and relate it to your response to the corporate presentation. Did I miss something, or is the company saying formally, that when you add the heap leaching in with the increased production we will be at a rate of 250,000-300,000 oz./yr.in 18 months?
This was the information I was getting at lunch, on the ground, in the field, in Panama, and only tried to relate it to the board in answer to a specific question. Is it still considered a fantasy??
Other concessions in Panama, Costa Rica, will probably be the first.
Page seven of the presentation has the heading "CDS & DTCC Participants>Greater Than 1,000,000 Shares". What do those Acronyms
stand for? If those holdings are all LT and management controls 12% as stated in another area, then the float is really getting small over the three exchanges.
IMO Petaquilla Minerals, S.A. will expand in the Caribbean outside of Panama and in other Central American Nations. This is long term stuff as it will take five to ten years to develop. Fifer has long vision, remember he has been after the gold/copper in Panama for nearly fifteen years.
Did you ascertain that they have a long term contract in Panama to sell aggregate for $17.00 USD/m3 and have already made sales in November? Cost per m3 is practically nothing and aggregate has to be removed anyway to get to the better gold deposits. A million here, a million there, over time it is money.
Did you note that no mention is made of how much silver they are pouring also? @$27.00/oz. that is another little cash cow by-product.
Like Lojiko, I have a bench mark also, but it is probably for five to seven more years. If I told you the number I would just be ridiculed. But a hint, it ain't just two digits. With the release of more news about additional reserves and the capacity expansion just a few months away, lots of people are talking $6.50 to $7.50 after the end of this fiscal year. When I said that back in July and August everyone just laughed and ridiculed me then and I learned my lesson. I am a lot more reserved with my release of information now.
Petaquilla Minerals, S.A. of Panama. Page 10 of Corporate Presentation is key. Fifer does not stand in booth and hand out brochures. Expanding outside Panama.
Point missed. Fifer in London to buy not sell.
WTF Now the web site is up again. One large sale of 100,000 knocked us down for a little bit, but really this a very dead day. Anyone hear if 'poison pill' passed? What kind of crackers did they serve???
Was this a BYOC meeting???(i.e. Bring Your Own Cheese).
Nothing on SH other than the moaner and groaner that posts ten times a day demanding that someone do DD and write a report. If my claim to fame was that I used to be a broker, I think I would keep that quiet. Only need an easy license and H.S degree. Sort of a glorified Used Car or Fuller Brush salesman. He keeps screaming why doesn't it trade higher. (Could it be no quarterly profits yet?? You think?)
Wish it was January 15th!
Web site is down. My system says it is gone. Don't know much about this stuff, but I tried from several different browsers and get the same thing. Maybe they closed shop and will open with a different web site later. Couldn't be much worse than the one they have had in the past. I assume meeting is over now and that we did not have anyone from the board present. I think they are required to post the results, but God know when.
Shareholders in Panama already know more than we will learn at the AGM about current and future plans. The problem is that they are afraid to talk because of WikiLeaks!! I have heard nothing that would change my thinking that LT PTQ&PDI will be bigger even than any of use dare to hope. My friends tell me...don't buy a ticket to Vancouver...buy more shares!!