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This sounds like a "mexican standoff" between you too. Q 3 is going to be worse than Q 2 by choice.....are you kidding me. That means that they wont be taking care of DB either. I wonder if I could live my life without paying people, repeatedly over and over again. If what you say is true, we should just close the doors and shut the lights off right now. I am truly glad that management has advised their shareholders that we are no longer in the mining business. Problem is it wasnt their choice to stop producing.....we arent doing it because we cant afford to do it......absolutely brutal.
This company is so irresponsible towards their shareholders, it makes me sick.
Guys, I think we have discussed this ad nauseum. We all know they are brutal when it comes to releasing / divulging info either in PRs or via IR, so really why argue about it because one guy disagrees ????
Hopefully.....theres that word again, the deal will be wrapped up and released this week. My two cents FWIW....if we receive somewhere in the area of 50-60 mil, it will give us a few more breaths to survive down the road. I do not see a pop in the SP unless something juicy is incorporated in this deal. Our SP will be soley weighed on our balance sheet and production, plain and simple. Get that joke operational (HL) and lets get going already. Turf Spain, and move on.
Its pretty sad we have to base our future on a deal bcause we didnt have enough business sense to survive without another company assisting us. Great job Richard.
PTYgold, based on your understanding, it was similar right down to the dollar of what German Investor posted in the article.
Good luck everyone because at this stage, that is all we have.
Keep the faith.
DJ IRW -PRESS : Petaquilla Minerals : Millions Invest: Petaquilla Minerals ( A0DKMR ) When is the big deal here? "
21:03:14 14:51
Dow Jones Newswires
DJ IRW -PRESS : Petaquilla Minerals : Millions Invest: Petaquilla Minerals ( A0DKMR ) When is the big deal here? "
Petaquilla Minerals ( A0DKMR ) When is the big deal here? "
Dear buyers of millions Invests !
Since Petaquilla Minerals on 18 Has announced in February that it is in advanced negotiations to a very lucrative deal, every investor is waiting impatiently for the details of this deal . On 3 March 2014 , the company then announced that it takes a little more time and you now anticipates completing the deal in March 2014. Assuming that Petaquilla Minerals has here set a realistic time frame, then it is likely to come in the next few days into a very lucrative deal for Petaquilla Minerals . How could this deal look like?
Since there is still every investor of Petaquilla Minerals is known that First Quantum Minerals additional land rights of Petaquilla Minerals Petaquilla Minerals needed and beyond continues to hold the rights to the gold properties at the Cobre Panama project , only two options are possible:
1 First Quantum Minerals Petaquilla Minerals could completely take over . A takeover price should then amount to 0.60 CAD . This is the same that Inmet Mining has already offered in the spring of 2013 for Petaquilla Minerals before then even taken Inmet Mining of First Quantum Minerals was but was then rejected by the Petaquilla management and shareholders to 88%. The so- tender under the current market conditions would be well accepted , I presume .
or
2 First Quantum Minerals bought by Petaquilla Minerals only the necessary land rights , the rights to the gold properties and possibly other exploration projects of Petaquilla Minerals 842km ² big project. This is a rumor that still persists in an American stock exchange forum for quite some time . Thus, the First Quantum Minerals over the original planning of Inmet Mining the processing capacity on the Cobre Panama project has expanded significantly again , First Quantum Minerals needed more land rights of Petaquilla Minerals to build the processing plant can . Also, First Quantum Minerals wants to make sure in any case that Petaquilla Minerals future not awarded any property of Cobre Panama project gets under the gold property rights. It is also conceivable that due to the now larger planned processing plant First Quantum Minerals will buy more exploration projects of Petaquilla Minerals , to extend the life of the Cobre Panama project accordingly.
In this case, Petaquilla Minerals should then get at least 50-60 million USD from First Quantum Minerals . Petaquilla Minerals could thus at a very reasonable time by the way, where the price of gold still hovering quite low - break down its gold and silver forward sales, the complete heap leach pads on the Molejon project in Panama ( over 150,000 ounces of gold are already on the stockpile , just waiting for the completion of the heap leach pads to be dissolved out of the rock can ) and start in the next 8-9 months , gold production ( pilot plant ) on the project in Portugal.
What would it have on the course of Petaquilla Minerals result ?
If Option 1 case then would be very short to even expect a price premium of over 100% . Where a option 2, then there should also be a strong price push in the Petaquilla Minerals shares upward. For this one must know . At the current market price of 0.26 the complete stock market valuation of Petaquilla Minerals is 61 million CAD. If Petaquilla Minerals would now get alone for the land rights , rights and some gold exploration properties 50-60 million USD in cash on hand , then this would be just as much as Petaquilla Minerals at the moment is worth it. The processing plant in Panama ( where daily gold produced ) , the more than 150,000 ounces of gold in the heap (current market value : about 200 million USD) , the projects in Spain and Portugal as well as the subsidiary company PDI have in fact also a certain , not to be underestimated value . Also in this case is therefore to be expected with a price premium in the mid- double-digit percentage range.
Now arises businessmen only the question whether it will come here to Option 1 or Option 2 . The next few days it will show us the well, and then the course should be here in any case are much higher than is currently the case. In my opinion we have here at the moment excellent buying rates !
Mj, when I use the symbols PTY, that is directed to reflect the poster PTYgold !!!! Come on man, do you not know the posters by now ?
I disagree with your theory that the true solid investors will obtain more info out of IR than an investor who is not as serious. I find that totally off the wall. If Someone is attempting to get info out of IR, be it a current shareholder or not, how is IR going to know if they are a high roller or not. I guess you never heard the saying you cant judge a book by its cover.
Lets review this PR shall we ........
Vancouver, BC - March 3, 2014: Further to its news release of February 18, 2014, Petaquilla Minerals Ltd. (the “Company”) confirms that negotiations are continuing on a material agreement. Agreement was not reached by the end of February 2014 as previously indicated but all parties are now hopeful that if the negotiations are successful it will be during March 2014.
The negotiations are focusing on matters in the Petaquilla mining district in the District of Donoso, Panama. Further details shall be disclosed upon conclusion of negotiations.
At no time does this PR state that this will be done this month. Based on what PTY states, it should be. If it does go past March the SP will continue to retract and another pitifill PR will be released. What are the chances of this being wrapped up in 8 more trading days.......
Is anyone aware whether or not FQ has made any mention to their shareholders about what is currently going on or are they hush hush as well?
Have you seen the SP lately...ITS A BUYING OPPORTUNITY DONT YOU KNOW !
Wouldn't surprise me in the least if FQ was gobbling up the shares.
To me, I don't really care how many shares are traded each and every day. By that I mean if the SP CONTINUALLY goes down day after day after day, THAT SUCKS and helps no ones investment....any way you slice it. Big boys or not, this stock is currently in the toilet and it seems to be taking a turn for the worse.
Jal, I think VB Is beginning to see the forest through the trees. It just took him a while but reality has finally arrived. Now all we have to do is convince MJ but I don't think that will ever happen.....no matter what happens around here. If this company implodes, I would suggest that MJ would spin a positive thing out of it. Anyhow I hope PTY is correct with his info so we can stay a float a little while longer or perhaps that is just pushing the inevitable forward ?
VB, with all due respect, no one is talking about long term because our CURRENT state of affairs is in jeopardy. If we are able to get over this mountain of debacle then i guess we can think about the future. Did you know we hit a 52 week low yesterday....not very cool.
Once again, its too bad we have to hope and pray for a deal to happen to keep this POS floating.....pun intended !
We are in the home stretch of the end of the month now. You cant tell me that PTQ has no idea whether we will or will not make this dead line. My point is, dont let this dead line go by yet again without advising the share holders.
PTY.....any updates or are we waiting to the bitter end?
THAT MY FRIEND IS WHAT IS CALLED....A SAD STATE OF AFFAIRS !!!!!!!
Ten trading days left to put this bear to bed. What do you think the chances are that there will be more delays. Honestly, how long can it take to hash this out ? Wouldnt that really suck if at the end of this nothing comes of it. That would be the icing on the cake for this company.
Lets say this deal is a flop....where the hell are we going to get the funds so we can become operational once again ?
With the uncertainty of events transpiring over seas now that RUSSIA has their claws into the mix, the price of gold seems to be lifting. Ultimately, the rise in the POG will obviously help our bottom line, however, WE HAVE TO MINE IT OUT OF THE GROUND OR AT THE LEAST START THE HL PROCESS !!!!
Shall I repeat this for management?????? Maybe they have forgotten what a fully functional mine is supposed to do ?????? We are not in the developmental stages anymore, we are supposed to be a producing mine so get off the pot and do the job that we sunk our money into....... which is PRODUCE !
Eleven more trading days until the end of March.......let's see if these guys can actually "get er done" for once in their lives. Not only would if be par for the course if they don't, IMO it would embarrassing all things considered. Sometime, someday, something HAS to give.....we have been down in the trenches too long.
I heard it was lost in the Bermuda triangle never to see the light of day
You're shitting me right ?
Time is ticking PTY......buts that ok if it doesnt happen by the end of the week because we are never on time and NEVER meet any of our own deadlines.
If it makes you feel any better, at least the price of gold is up.....or I forgot, that has no bearing on our Company. HA!
I hope so VB, but the stars haven't been lining up for PTQ for some time. VB, I have been here for some time like you, JAL, MJ, etc etc etc. All I ever hear when things go bad are....wait another year...wait another two years...and on and on. I don't call that prudent investing. I'm only here in hopes of breaking even. I don't believe this company will turn around and be profitable.
How will you feel if this deal isn't as good as you think. Are you going to remain positive towards PTQ ? Im tired of being kicked in the balls time and time again.
If the deal is good, then we can celebrate....if not get ready for the daggers to be thrown.
Thanks for the advice TIPS.
You know, I was just re-reading Steve RALSTONs latest analysis about PTQ. Other than reviewing the financials which are in your face, it seems to me that RALSTON has no idea where PTQ is headed. His projection has never come to fruition and I could probably do a better job at guessing at the SP.
We are now approaching the ides of March and still nothing. I can honestly say that I would not be surprised if we hear nothing in regards to this alleged deal.
THREE years ago this month we were north of $1.00, and now look at us shine.
These clowns better smarten up and drive this company straight or they will drive it right off of the cliff.
Petaquilla es Panama.....BS. If Petaquilla fails, then you can start saying......"First Quantum es Panama"
Sell everything and take up something they are good at, because its not mining.
How can Petaquilla es Panama if we cant survive !
You cant tell me that these "businessmen" for lack of a better word, don't know exactly the amount of money they need to survive and actually move the company forward. What would be the point of just getting by. Who the hell runs a company like that???????
MJ keeps mentioning that the larger shareholders are still present and haven't sold off as of yet......there is one reason for this......because they are under water like everyone else. The share price has been so stagnant, everyday feels like groundhog day !
When are we going to become a gold producer again ? I realize gold prices are down, but producing something is better than no production at all. Turn up the output to make up for the offeset in gold prices ...what is so hard about that ? Apparently shareholders are not happy with the lack of production, so fix the problem. Why is it so difficult. What are the real problems with production? Being this covert, one would think they work for the government.
I think we were hoping for a one in front of those numbers...
But how did this incompetent management team get this Company in so much debt to begin with ????? Think about it. Are they not intelligent or as RBF states,are they only there to pad their own wallets.
I have no clue how this bunch of misfits were voted back in to their positions. I think too many people have consumed the kool aid and hopefully have learned from their past mistakes.
Even if we are successful with securing monies to take care of DB, who is to say that management wont mismanage the funds once again.
Think about this, if we are not bailed out via a deal with FQ, this company will be closing their doors. There is no back up plan nor anyone else coming to our rescue.
This is what should happen when the players on the "TEAM" get along........
Coral Gold Resources (TSX-V:CLH, StockForum), a Vancouver-based firm engaged in the exploration and development of mineral properties with claims in Nevada and California, announced today that the company’s wholly-owned subsidiary, Coral Resources had signed a JV agreement with Barrick Exploration and Barrick Gold (TSX:ABX, StockForum).
According to the news release, “Barrick Gold has been granted an option to earn up to an undivided 60% interest on the Company's Gold Ridge Property in Nevada (consisting of a portion of the Robertson Property) in consideration for Barrick Gold incurring US$12,000,000 in exploration expenditures over a five year period.”
It then added,” Barrick Gold has the option to increase its interest by an additional 15% for an aggregate undivided 75% interest by preparing and delivering to the Company a scoping study. The Option Agreement also provides that upon Barrick Gold exercising its option, a 60%/40% or a 75%/25% joint venture between the parties will be established in order to further explore the Gold Ridge Property.”
Coral also announced that Barrick Gold had subscribed for 4.15 million common shares in the company at $0.17 per share for gross proceeds of $705,500 with the proceeds directed toward exploration and general working capital.
Coral president and CEO, David Wolfin, commented, “I am extremely pleased to have this new agreement in place for the Gold Ridge Property which will be explored by an award winning exploration team.”
He then added, “I would like to congratulate Barrick's 25-person Goldrush Discovery Team for their recent Thayer Lindsay Award recognizing their team for the 14.1 million ounce world class Goldrush deposit in the Cortez District, Nevada located on an adjacent property.”
Then finally summed up, “We now feel we have the best possible team to explore our Gold Ridge Property. I would also like to welcome Barrick as a major stakeholder in Coral Gold representing 9.9% of Coral Gold's share capital.”
Coral Gold Resources was in the news recently when the company received approval on an amended plan of operation for its Robertson Property.
Shares jumped 51.52% on the news to $0.25 per share.
Currently there are 37.8m outstanding shares with a market cap of $8.3 million.
Tags: GOLD
Read more at http://www.stockhouse.com/news/natural-resources/2014/03/05/coral-gold-resources-(v-clh)-jumps-48-on-barrick-g#UxlCqPiFIg0FYi5o.99
Well VB....grow up and move on. There have been personal attacks from both sides of the fence. If you dont want to contribute, then so be it but don't sulk, its unbecoming.
Putting that aside, we have been talking about the company and performance. The reason there has been a lack of pro PTQ supporters is simple.....there is nothing to be pro about. How could a pro PTQ investor honestly think that things are going well ? The overall consensus by the majority is that PTQ is not performing as one would hope for.
What are your thoughts on the last quarter? Were you happy about how much they produced and or how much they lost? One bad quarter does not make or break a company, however it appears to be the norm as of now. Aren't you concerned about PTQ not being able to pay down their debt? Aren't you concerned about PTQ being a 100 000 oz producer sometime this century. Aren't you concerned about PTQ not being that great of a friend to FQ ? Aren't you concerned that in the latest PR they state that they are "hoping" for a deal to be reached. Aren't you concerned that this deal wont be the be all to end all? What happens to PTQ if this material deal falls through ?
I could go on but I wont.
It dumbfounds me that people on these boards take offense to the negativity by posters when the company fails over and over and over. Think of it like this....if I continually punch you in the stomach over and over again, how would you spin that into something positive ? It is called reality.
RBF.......as you are well aware, you have been correct up until this point as it pertains to the way this company has been run. Run into the ground that is.
Wade on SH made a good point about the part of the PR that should really stand out........
" Agreement was not reached by the end of February 2014 as previously indicated but all parties are now hopeful that if the negotiations are successful it will be during March 2014"
Seriously, that does not sound very reassuring what so ever. I guess this deal is coming down to hope and dreams.
Brutal.
Oh really, and when will that be ? They have just over shot FEB. So what you are saying is that we will be able to tell when the deal is almost finalized based on the rise of the SP at that specific point. That doesn't make sense. Don't you think that the big boys would be buying more at these levels RIGHT NOW if it was a great deal and in turn make huge profits?
As for LP....that's another farce. According to the Corp presentation and MJK we still own it and apparently all the stuff in the media is incorrect.
Once again, unanswered realistic questions. never being answered by our own leaders.
Too bad, as this company once looked good....waaaaaay back in the day.
Well it must be a fantastic deal considering the rumors of a deal have been in the works for months now. ANd lets not forget the rising SP as that shows you it must be great.
Sorry to tell you, more delays and dudes bumping heads equals shit.
How many times are we going to be let down by this team of misfits managing, sorry mismanaging this company....I guess until I sell.
I don't know about that JFF. As much as I would love to get the hell out, I honestly don't think this deal will be a big deal. I think we will be trapped here for a while unless you want to take a loss. These guys are not miners anymore.....they have proven that quite clearly.
I wonder what type of BS they are feeding people at PDAC. I wonder if they have any swamp land in FLORIDA for sale ?
And thus, that will have no effect on the SP. Remember what happened to the SP when we got the contract for the aggregate originally.....nothing.
By the way, gold is on a bit of a tear and we will probably suffer again. That seems to be the norm around here.
Sufficed to say that if a deal is not agreed upon that will be to our benefit, accompanied with more bad quarters......we will be " one of those junior miners" that could not survive.
Lets face it........bad deal plus bad quarters and not paying our bills time and time again equals......well, you know.
Sorry board, but I am a realist.
Perhaps the people that try to turn shi# into roses aren't even invested in this at all.perhaps they make it look like they are. Honestly, how long can someone think that anything good is going to come out of this company year after year after year. At some point you TRY to break even if you are lucky and get the hell out of Dodge.
There is no pot of gold at the end of this rainbow.
There is so much conflicting info out there about PTQ operations, about PTQ and FQ negotiations or there lack of, about a buy out that will never happen, about the loss of LP that apparently never happened, etc etc etc. Based on all the info that is now accessible about PTQ, including the latest production numbers, would you invest now ??????
I love the new corp presentation. I guess they must have listened to me ...HA. I also love that there is no mention about about getting shares for PDI anymore. That carrot is g g g g gone ! I like to call that a farce.
ADVFN....I would love to be positive but I have been here way too long to figure these guys out. I will be the first one to praise them for a job well done, but I will also be the first to critique them when they are doing a horrible job time and time again.
Can anyone tell me what they have done lately that reflects well on the company, and in turn to investors? Its been so long I cant remember.
Ever wonder why we are not going to such events as PDAC and others like we did back in the day ? Could you imagine PTQ going to these events now and attempt to toot their own horn ? What a disaster that would be....therefore we don't go. That is probably the smartest move this company has ever done. I guess we can't embarrass ourselves if we keep our mouths shut....well...until quarterly results are released.
There will be no announcement today as the PR did not state that there would be. It will be sometime down the road and mark my words, the way the SP is reacting....sorry...not reacting, it will be a FLOP.
Or better yet the release may something like this....."PTQ is sorry to announce that we have attempted to work out a deal with the giant FQ, but an agreement could not be reached. We honestly thought FQ would be easier to work with compared to Inmet, but we were obviously wrong. Our next line of defence will be to proceed with court action after we are bled dry of all our monies"...or something like that.
Bob...are you for real? He doesnt know any more than you or I.
Wow, how the tides have changed for the worse. There is nothing good about this article....nothing at all.
I have a feeling someone is going to say that Steve has his facts wrong, and instead of a "strained relationship" between PTQ and FQ as stated in the article, everything is great.
Apparently the mediation has to do FQ not paying what they owe from the prior agreement. If we are successful and they are forced to pay what they owe, then we are no better off when the original deal was worked out.