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Yaeh, you won for that point !!! I feel soory for those fools who lost a great chance to make $$$. Market is badly hurt right now. The way it goes, MJKIII will win his prediction seeing .75$ ! Gee, who would have imagine that 2 months ago ???
Hoping the best for all those who still believe.
Regards,
Ric.
Always remember MJKIII that when fundamentals and expectations are looking good, the best time to buy is when everybody sells on emotions and by reactions.
I'm still convince that ODN is planty of gold... that heap leach will make PTQ a better producer.
I'm still convince also that human beeing is corrupted. So, Martinelli or anybody else overthere will go where power is... and the power is $$$.
As Canada did and others, indians will remains poor people and as usual kept apart of any business around the world.
Inmet, PTQ and all banks in Panama knows it is easy to buy whatever they want.
Keep faith, it is ony a matter of time. The only difference in our strategy remains to the different paths to reach the ultimate goal... making $$$.
You decided to stay in PTQ no matter what knowing the long term value of your investments.
I'm just doing the same but going in when it looks bad for everyone and getting out for a while when everybody is to enthousiastic. But at the end, we will be both in it !!!
Cheers !
Thanks for your concern Deex,
- As you can see, I'm never far away ! I'm reading all PTQ's posts everyday. Having no more shares in it since 2 weeks, I prefer no posting. Of course, I don't like the way it goes since mid January when I sold my firt 50%. Nothing good was expecting at that time before March. I sold the other at 1,20$ 2 weeks ago because seeing POG climbing without SP increasing is never a good sign.
But most of all... I really suspect since January that their production isn't good for Q3. No release yet... it remembers me last summer. When things looking good, you should say it. If not... as it is since almost 2 months, we were always disappointed.
As many others, I know PTQ is a long term bulish gold producer. After Q3 releases and all this she... that's actually going on in Panama, I will certainly be able to buy back a cheap price like I did last summer.
Since then, There is planty of other good opportunity on the market.
Wishing you the best to all of you.
I must admit my defeat Loj ! I also think DVM is right about short positions. It's good to see those waarants not called cause that's mean PTQ is healthy with $$$...
For sure... somethings must happen in a near term but when. Regarding the operations, I scared a lot cause no update always meant bad situation with PTQ. We shall see. Hoping that I will have enough time to be back !
Hey, thanks to four call Mante... I'm not far away from you. I was very busy last two weeks making a lot of overtime (unpaid) for the government !!!
I'm not posting a lot and work very hard to make some $$$ on some few gold companies. I evaluate I had two months to do so since I sold half of my PTQ shares in mid January. So far, my expectation was good. I had since then makes no additionnal $$$.
I still hope for two big shots before coming back. Time is running fast. Thanks again for your worries.
By the way, I read all posts and it is really good. I still think nothing will change in the next two weeks for PTQ. My only worry is regarding the actual production rate. I have the scary feeling about low grades... making the next quarter thin enough to discourage the investors. I hope I am in the wrong track ! I still have many shares here but I am sure that within a year... we will be really happy.
Thanks again Mante for your concern.
As I told mey friends last week, will come time in a near future where my knowledge will be more relevant and don't worry, I'll express my point of view for sure...
March is coming and many big news are ahead... heap leach, ODN ... and the production level...as DVM... I'm worried about grades that they actually milled and POURED... we shall see !
Mjkiii, the fact that I don't post doesn,t mean yours are boring... being informed is important ! So hesitate to let us know all facts !
I totally agree J4F... that's why I'm less involved. SP of PTQ is maybe influenced by law for sure but finance remains the main path to get to 2$, 3$ or more...
I just the message again...
If you don't get it... write to me rictetreault@videotron.ca
By the way guys, don't think DVM and Anski are away too... I'm sure they're also near but you can imagine they don,t have only PTQ in their portfolio.
PTQ is quiet since 3 weeks now and until a PR, it will be like today. Volume is decreasing and price is stable. I'm sure they will be back soon.
MJKIII, it doesn't has anything to do with intelligence.. it has to deal with knowledge... you'll see soon, when statements, TA or other PR regarding production, ODN or PDI... I'll will be back with a lot of comments.
I'm here Mante... I never left !
To be honnest, I'm a little less involve in posts cause I'm not expecting big moves on PTQ since couple of weeks. Also, I'm waiting for my PR regarding my other investment.
Finally, I'm happy to read your posts but what's happening with Panama laws is interesting and important but I don,t know nothing in that area. So I read more than I speak.
I'm reading all posts eac day. I'm posting one post time to time to let you know I'm still involved cause I Know 24 is coming. But as I expected when I sold half of my PTQ shares, I knew that I had time to make some more $$$ with another of my cheklist !
So don't hesitate to call me a shot if you want cause I'm always here or around.
I let to MJKIII the responsability to inform us about Panama cause is knowledge is great !
I'm hoping to be able to buy much more shares soon and I know time is going against me. But I'm still having enough shares here to be happy anyway.
Thanks for your concern Mante.
PS... by the way Jal... did you get my email couple of days ago ?
Finally, here we come to interesting and exciting weeks. It was boring last two weks but I can figure it's gonna much more fun now caause I never been able to catch shares at 1,10$
By the way, my profit has been invest in another big shot (risky cause exploration) for this week. I hope it will be a good one cause I will invest all my $$$ in PTQ again.
I think 1,50$ is our next level. ODN resources is coming before the end of March. Status on heap leach...
My only question remains to the production rate right now. No update yet and there's always a possibility that they are producing low rate (meaning not milled)... but we won't know until a PR or April 15.
For those who would like to know were the other half of my portfolio has been invest... I will wait for Lojiko's approval before telling you.
By the way, all my friends and us see POG rising again.
I almost decide to change my buy at 1,15$ but with POG going down, I decided to wait another day. I will have to take a decision before the end of the day cause some major investors will probably increase the SP before monday !
I also think that majors are taking profit and invest on other good opportunities and it's find for the market. One way or another, it is just a matter of time to POG will be bullish again.
Hey Jal, are you still like me waiting to buy more... since over a week I'm right there at 1,10$ to buy much more then I had before my 50% sell off last week.
I'm still hoping to buy those... we shall see.
For your info MJKIII the last trade on TSX was 475K shares. Few minutes before, almost 200K were bought. Join with the US trade after the market closed.... I would say that warrants are involved in those trades.
Regarding that SP going up... it's just looking good for the PP approval. I still have a lot of shares but I'm getting bored to wait at 1,10$ to buy more.
Hoping for a pause cause I want more of those. I expect a decrease with dilution but as of today... maintainer doesn't want to collaborate with me :)))))
You're right LOj... I think we will be back a little bit with dilution. It would be usual. February should be good for us if POG still over 1 300$.
That's the reason why big investors are there, they saw the opportunity far behind us...
It seems after going to 1,10$ as VB and I predict, we can expect a good day. Something is for sure coming. Hoping get back to 1,35$.
I try to buy at 1,10$ yesterday but 1,11$ was the lowest... I really frustrated... as you can imagine... They probably were scared when they saw me sitting there :))
You're right, it is a real good board VB. With already a 3 bagger in my pocket, I got time to relax a bit, wait and see the PP going through and hoping all good PR for making more in the next months !
I think you're right on VB ! I also think logocally that we going down (1,10$ is good guess cause dilution MUST affect SP even if a part of it is already discount.
Right after (a week maybe)... a bullish trend should make the SP going up... to 2$ ? No , I don't think so. With fundamentals, this corporation doesn't worth 350M$ CAP MARKET. Of course, it's my point of view.
I think 2$ will be reach when ODN resources will be known... not before. Of course, ODN known, heap leach done and PDI after... if POG is still near 1400$ or above... I'm sure 3$ will be easy !!!
Exactly MJKII, It is huge money for only a year. Within only two years, I will be able to pay a new house cash !!! Cause of PTQ. So before talking against BOD, I will wash my tongue.
I can only thank them for their good work. As Loj said, Q4 will be a rocket for SP....
Have a good day my friends... everything is going well so far and all your posts and informations made me think we'll have a great year.
I'm very busy at work (came back around midnight) and another today. I'm still convince that 2$ spot will be coming faster than ever... of course after the dilution in end of January. I voted for it yesterday as many other on this board. We willneed cashflows :)
It seems so far we lost time this week end scaring about today's drop ! If will now give us time to speculate about what makes it going up !!! :)
Amazing day !!! I really don't know if Savlo is the reason why it went up after he posts but gee, we're luchy to have him on this board. Each time he talks, we,re going up !!!
Thanks a lot !
I notice that many big investors... who benefit.... those who panic have been misleading again.
I think they read between the lines... clients of salman knows something we don't. Remember, we went to 1,30$ In4 before Q2 release... with no reasons as far as Q2 figures are !
We went back to 1,25$ rapidly... meaning big investors (Salman) knew something last week and benefits from Q2 to buy more at a cheaper price.
News is coming soon... but which one ??? Of course, we MUST remeber that over 2M$ exploration has been done on ODN. With cashflows they have... they invest more between Dec. 1 and today.
We must be fool to think they don't have partial results in their hand right now.
HMMMMM.... news for sure... I'm guessing ODN actually.
For sure guys, something is coming soon... wowwwww ! For thos who had a closing day in USA.... thak god ! :)
I also miss my shot this morning trying to catch a lot at 1$... it even approach it !!!
Back to 1,17$ !!!!! Bye Bye Salvo...
Isn't great guys... seems the market are doing well and understand that expectations wins on past figures. Fantastic. As I said yesterday... we were expected 2$... that's why we were so negative.
1,07$ so far...on TSX
I was joking Jal...
I'm suprise so far... we shall see the reaction on TSX. maybe another news is pending ?
I'm suprise so far 263K traded and still 1,14$... hmmmmm
Of course TSX will lead the SP. Hoping dor the best. I'm sure Jal will be more secure seeing that and finally knows for sure that we won't drop to ,50$ :)
For sure it is silly Jal. Without any doubt, no debt and 50K gold production and being sat on Gold plant doesn't go along with a 75M$ CAP market... compared to all others in the same range production.
As you say, The maintainer will be busy but he will do his job perfectly, I'm sure.
Thanks Fairview !
Just to give you an idea, I now have more than 100 companies (exploration and junior mining companies under 1,50$ SP) in my checklist and since Q2 knowledge has been release by In4... I made the following exercise... searching a better deal on the market.
Calculating risk, fundamentals and expectations, I'm still back to the conclusions that PTQ is the place to invest if SP goes below 1$.
Of course, I'm investing middle term cause I work and had no time to make daily tradings. I'll hope SP will stay around 1$ and it should be. I'll be a buyer for sure if it doesn't.
I sold 50% of my shares taking a good profit cause as DVM says, having 100% in my portfolio with PTQ was to risky.
No matter what, i'm still convince with all fundamentals that I will have to do it again... and actually, I've made a lot of $$$ even with Q1 and Q2 figures... imagine when everything will be in place. If you can find a better ratio (expectations % vs risk) let me know.
Thanks again.
I will try in future to be realist cause you,re right saying we can infuence people without less knowledge.
My friends, we must return to fundamentals... and stop crying about that Q2.
It's not time to sell, it's time to buy... at a cheap price ! Of course, I've sold half of my portfolio... but I'll be buying on Monday or tuesday for sure.
I'm sure you'll understand that in facts...
PTQ is break even with about 50 K ounces production,,, cause all fees related to debt will end with Q3... we will never see those again to get rid of 75M$ debt... near brankrupt at that time, you surely remember last summer posts.
Now we are investing in 50K gold producer for sure... excpecting increasing with ODN eventually...
Now, other expenses will be reduce considerably for the future years. If we are talking about an eventual 220M shares company , it means 55m$ cashflows will come in our pocket.
If I asked you 3 months ago what does it sound for you... we would agree to invest at 1$ share for sure. Investors always buy on future expectations, not on past figures.
We are misleading our discussions now. The SP isn't decreasing to .50$ or .75$ ... absolutely not !!!
In fact the bad Q2 effect is that we won't go to 2$ as expected with good figures... It is really different !!!
Conclusion... stop saying or expecting a falling SP as a disaster... we just have to stop thinking about 2$ SP for a while. You will see, IMO, we will go near a 1$ and just stay there for a while cause with all fundamentals, it's worth a 1$ !!!
You know Jal, now everybody in the market knows they are 50K producers. Even a PR won't help them to convince us starting now until they release a long period production.
BUT... can I tell you that PP deal at 1$ is great for LT. We know that they are break even with 50K !!! As soon as they will increase their production... it's profit. Q3 will probably be a small loss cause of senior notes fees and BOD fees. We know it now. Heap leach and ODN ressources are now the main point !!!
In middle term... we're O.K.
You know Farviewhill, being in a junior gold producer in Panama is risky. You are supposed to know that right at the start.
As Mjkii and others, we don't have crystal balls. We're doing the best we can... but we surely have enough experience to analyse fundamentals. O f course, if you invest as a daily trader, you will 9 times out of ten loose money.
If you invest middle term or long term based on fundamentals... let me tell you that you can trust the majority of the members here. Yes, you will loose in the next few days IF YOU SELLL ONLY.
Don't try to cerrect a bad move by making another one. Keep your share a month or so... I garantee you will say thet we're not so fool.
Like you, I'm really disappoint by the result but I know the fundamentals are improve with PP and NO DEBT.
Last summer, some were predicting worst... we were saying that 1$ was the real price and more... we were right. Wait a little bit... with the fundamentals we have here, patience worth much more then panic.
With all respect.
I must give you that one Stock... you got it better then I did ! Hoping they will be able to understand that we are not toys... and respect to shareholders, even smallest as I am is the main idea to get them happy and keep them shareholders.
Bravo !
Simply, If you retire all the fees related to DB deal, we are almost break even... no loss with 13,7K ounces... it's not bad at all...
That's mean if they can really upgrade their production as they suppose... it is profit garantee... it's good news !
The only problem we have is related to their credibility (PR and releases) and their transparent attitude. Also, they have to convince that they will be a 100K ounces producers, not a 50K producer.
The company has no debt, making gross margin of 45%... compare with other producers, PTQ worth 150M$ without any doubt. PP at 1$ reflects the reality. A short selling could let us go to under the 1$ but we will be near at the end of a couple days for sure.
NB... I don't want to scare anybody, but I predicted 0,035$ per share... ouch !!!!! I prove to everyone that my crystal ball has to drop in the garbbage. :)
You're right MJKII, no panic. The share will adjust to 1$ (near PP price). That's it and that's all.
We'll just have to be aware of any opportunities to buy cheaper. If panic throws SP around .80$ or .85$ (I don't believe) I will reinvest my 50% right away (more shares for cheaper price)...
Hoping it's the last time I'll say.... Worst is now behind.