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Have fun with it.... but don't post off-topic.
hehehe part of the game... yeah.. but just as long as you're participating in this game, no need to.
MJ is MJ, he's playin his game, he would still be promoting the company when a f*cking meteorite would have crashed directly onto molejon, so let him do. He's big part of this board an he's brought very usefull info to the board in the past IMO. Live with him.
Don't get me wrong, Q4/Annual results are ugly.
But please don't fight all day with your opponent, board doesn't benefit, bring info not war.
This goes to both(or 3 incl. jal) guys!
My Opinion
You guys enjoy your little private war, don't you!?
Is this what you call educated and mature?
I have a suggestion:
let's ask someone who got to know... PTQ
not forbidden to ask the company if you as shareholder doesn't understand what's goin on
I'll write another email tomorrow... bet on it!
By the way... you're the us-guys, your native language, no problem for you to call them an have a determined discussion. For me with my school english that's very difficult.
I'll report if i got any answers! Bet on that too!
IMO the Operating Performance for Q4 and whole FY13 is pretty bad, lets have a look:
Gold mined oz FY2013
Q4(18,887)-Q3(22,367)-Q2(25,865)-Q1(36,713)
steady decrease/Q4 about half of Q1...wtf?
Gold produced oz FY2013
Q4(11,912)Q3(17,674)Q2(20,025)Q1(17,882)
steady decrease since Q2
Only increase was Gold stockpiled oz... it has risen about 25k oz
Does someone know why this material hasn't been put on heap leach pad, because in Note 1(page 7 MD&A) it says stockpile is declared for heap leach!???
If searching for some positives:
increase of 254% in sales of aggregates
an increase of $3.8 million in donations and community relations mainly due to the agreement signed by the company
with the Government of Panama for construction of water management facilities for the benefit of communities around its molejon mine.
an increase of $1.8 million in Exploration and evaluation costs due mainly to the increase of activities in Spain related to the Company's Lomero-Poyatos project.
Gold stockpiled increased 25k oz (as above)
Cash cost are low with 540$.
They need a higher Price of Gold or FY 2014 will get worse IMO.
Look at average realized gold price for Q4... it's 1,473$... what gold price do we have today...ohoh... EISBERG VORAUS!!!!
Egal in welche Richtung Du das Ruder drehst, drehen musst Du es doch!
To my relief:
"
Dear Mr xxxxxxx,
Thank you very much for your email. We understand your expectations on our information.
Our auditors, Ernst & Young, are completing their work and we are expecting to be filing the Q4/Annual results on Friday morning.
We apologies for any inconvenience and appreciate your interest on Petaquilla.
Kind regards,
Ezequiel Sirotinsky.
"
I've written an e-mail to Mr. Sirotinsky this morning...
...he's a nice guy.... he's helpin' me to understand what's goin on... and not for the first time.... vote for Mr. Sirotinsky
I won't share the whole story.... ask mjk an' his private board!!!!lol
You want to know what's goin on??? heehehhe
ask the german guy...
ask simon....
ask mr. sirotinsky...
hehehehe simon says: "to be filing the Q4/Annual results on Friday morning"
have fun ladies... by the way: where's the DD ????
Hey Digi, Germany is listening! Wir hören zu.
But please, don't write in german, it's horrible i'm sorry.
We understand most of the things down written here.
We're waiting for the Q4/annual results, aren't we!? End of August?
I don't expect them to be over 22k oz Au, if that high.
Also don't know what happened to Anski100, but i think he's on distinct vacation and will be back when something happens.
I think PTQ is on the right track, but i also think the journey could take a little longer then one would expect.
Off-topic: In September we got elections here in germany, get ready for Mum-Merkel to overtake the whole univers and of course a new haircut for greece.
Best regards from Germany!
Regarding the NCIB
NCIB has closed on 10th July 2013.
PTQ has bought 551000 shares.
Source: www.sedi.ca / www.marketwire.com
150k ozs would be fine with me...
but i am not sure how long it will take them to achieve.
I appreciate every improvement but i don't praise the day before the evening.
I don't want to poison the board!
And i didn't call anybody a liar!
What someone else did or not... that's not my beer!
To me it's not a waste of time to discuss/find out what a mid-tier gold producer actually is or what is common sense about it.
Perhaps Joann knows...
Whats even more funny....
www.juniorminers.com lists PTQ as a junior company...
it seems they didn't understand the definition they proclaim.
http://www.juniorminers.com/companies_p.html
Very interesting MJ... directly from the PDAC yeah ???
I didn't know that PDAC publishs their knowledge on www.juniorminers.com
http://www.juniorminers.com/companies.html#axzz2XuDLJ5Qw
Alternatively i've found some little different definitions on mid-tier gold producer, but i'm sure PDAC is right, isn't it!?
"One of the ways we address this question of size, and achieve our desired diversification, is to split up the stocks into 3 different peer-level categories. Senior, mid-tier, and junior producers. I consider the seniors those miners that produce greater than 1m ozs of gold per year. The mid-tiers produce between 200k to 1m ozs. And the juniors produce up to 200k ozs. "
http://www.thebull.com.au/articles_detail.php?id=2605
Look at Chapter 7, Mid Tier Producers Defined
http://books.google.de/books?id=nCdalK6diSYC&pg=PT154&lpg=PT154&dq=mid-tier+producer+definition&source=bl&ots=m0iDvl4loo&sig=jdZJQqXt_xiucvU1HOQyv3FrgYg&hl=de&sa=X&ei=C_XSUdfgH4iHswaY2oCoBw&ved=0CGIQ6AEwBg
By the way, have a look at http://petaquillablog.com/petaquilla-web-links/official/
u see the word "official" !?!
There's a link to pdiholding.com, on the picture u see the frontpage of the site when it was online.
To me this is official enough! How could one need 3, 4 or 5 months to create a new website?
e-mail written
You mean it's not a official PDI Site?
A few months ago this Site had content regarding PDI, i.e. construction works, drilling, blasting, energy and so on.
I thought it would be the official Site, i wrote e-mails to PTQ regarding this Site correcting their typos, later on those typos were corrected.
But now u got me thinking about it!
I feel i got to write another e-mail.
Ty!
Check out www.pdiholding.com
Strange, isn't it!?
Now with the Admiral aboard we're ready to ship in the ore from Spain!
Not even the well known caribbean pirates would be able to avoid it! roflmao
I sent to 2 e-Mails to PTQ....
First one regarding potential contracts for PDI with Pershimco Resources Inc.(Cerro Quema) and Golden Phoenix Minerals Inc.(Santa Rosa):
Good morning,
My name is Joann Head and I work in investor relations for Petaquilla. In regards to your email please see the follow response.
PDI’s long-term strategy is to become a provider of mining services in Panama and the surrounding regions. In this regard, PDI will cooperate with and work for other mining companies. As far as we know, the companies mentioned in your query are early stage exploration companies at this time and will need to complete their exploration efforts, prepare feasibility studies and raise significant capital before engaging mining contractors for construction of their mines and, therefore, it is too early to speculate on any contracts with them. If, however, any early stage exploration companies are in a position to contract for access road construction, such work would fall within PDI's scope of services offered.
I hope this was helpful. Please do not hesitate to contact me if you have any further questions.
Kindest Regards,
Joann
------------------------------------------------------------------
Second one regarding the PTQ-shares held by Azuero Mining,S.A. and the possibility for Azuero to distribute those shares to PTQ for cancellation:
Hello Mr. xxxxxxx,
I am replying on behalf of the management of Petaquilla Minerals Ltd. ("PTQ").
There remains a possibility that the PTQ shares distributed to Azuero, as a former shareholder of Iberian Resources Corp., may be provided to PTQ for cancellation. However, this type of transaction may have potential tax consequences. As such, the matter requires further assessment of all tax implications and, therefore, no decision has yet been made by Azuero.
Thank you,
Janet
------------------------------------------------------------------
I love to have a IR-Division!
Mr. Sirotinsky answered my questions! post #11662
Dear Mr. xxxxxx,
Thank you very much for your email you sent regarding the results Petaquilla recently reported in its Interim Financial Statements and MD&A for the three months ended August 31, 2011 and 2010.
As we disclosed within these documents, they are the Company's first consolidated interim financial statements prepared in accordance with IFRS. In preparing its consolidated statements of financial position and statements of income in accordance with IFRS, the Company has adjusted amounts previously reported in financial statements prepared in accordance with Canadian GAAP. An explanation of how the transition from previous Canadian GAAP to IFRS has affected the Company's financial position, financial performance and cash flows is set out in the tables and notes that accompany the tables within the Note 24 above mentioned.
Regarding your specific question about the non-operating income for Q4 FY2011 and Q3 FY2011, in amount of $22 million and $2 million, respectively, it is correct that these amounts were not disclosed in previous reports because they are part of the effects of the transition to IFRS.
In particular, under IFRS the share purchase warrants issued by the Company are accounted for as Financial Instruments and not as an equity instrument like under Canadian Gaap. As a Financial Instruments, they are measured at fair value with changes in those fair values recognized in non-operating (expense) income.
The significant amounts recorded within non-operating (expense) income item in the Q4 FY2011 under IFRS are mainly the result of the variation of the fair value of the share purchase warrants between the end of Q3 FY2011 and Q4 FY2011.
In the same line, you will see within the balance sheet as of August 31, 2011 that under IFRS the Company recognized a long term liability derived from considering the share purchase warrant as a Financial Instrument and not as an equity instrument, like was recognized before under Canadian Gaap.
All the differences you are mentioning in your email, regarding the previous reporting and current reporting are all due to IFRS transition effects.
After reviewing all the information we disclosed within the Financial Statements, specifically in Note 24, if you would like to discuss any specific effect derived from the transition to IFRS, don't hesitate to send us your specific questions so we will answer them shortly.
Kind regards,
Ezequiel Sirotinsky
Chief Financial Officer
Petaquilla Minerals Ltd.
One Point demystified now:
the 893k USD non-operating expense are explained at page 23 of the interim financial report:
Mark-to-market loss on share purchase warrants (Note 13) (495,635)
Loss from equity investment (Note 7) (431,130)
Mark-to-market gain (loss) on secured notes and convertible
secured notes 34,209
Anyone realized those 22M USD non-operating income giving us a eps of 0.15$ for Q4, any ideas what it is?
And why are you guys that quiet? We have new numbers and nearly no one is talking about it! A little confused?
But you do much better than those over on SH, they're completely stunned!
Gimme your opinions guys, pleeeeeaase!
Over here in Germany we're tryin to contact PTQ to clarify some Questions like this non-operating income, non-operating expense for Q1 of 893k USD, if possible to reach the 32M USD net income from june to december out of the old forecast and huge differences between calculations for Q4 in MD&AQ1 and MD&AQ4 ....
If u know more, let me know!
hey Loj, i must have missed something! Where to get this PDI Presentation, i've searched for it but didn't find anything?!
A friend of mine asked PTQ per e-mail for the release date of MD&A Q1. I think he wouldn't mind to share it with you but he's on vacation, so i do:
"With the movement to International Financial Reporting Standards ("IFRS"), regulatory bodies have pushed the filing deadlines for initial IFRS interim filings. This means that instead of the usual mid-October date for us (45 days following quarter end), our due date is November 14, 2011. For quarters thereafter, the same "45-day following quarter end" deadline applies except for annual financial statements, which have a 90-day filing requirement.
- Janet
"
Take a look on page 23 of the MD&A Q4...
Petaquilla Minerals Ltd. Provides Update on Acquisition of Iberian Resources Corp.
http://www.marketwire.com/press-release/petaquilla-minerals-ltd-provides-update-on-acquisition-of-iberian-resources-corp-tsx-ptq-1548295.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") would like to remind all shareholders of the special meeting (the "Meeting") of the holders of common shares of Petaquilla (the "Shareholders") to be held at the Fairmont Waterfront Hotel, Nootka Room, 900 Canada Place Way, Vancouver, B.C., Canada, on August 31, 2011, at 10 a.m. (Vancouver time).
At the Meeting, Shareholders will be asked to consider and, if thought fit, to approve an ordinary resolution authorizing the issuance by the Company of up to 50,000,000 common shares of the Company, representing approximately 28.3% of the issued and outstanding number of Petaquilla shares as at July 27, 2011, including approximately 44,635,255 shares to be issued as consideration for all of the issued and outstanding common shares of Iberian Resources Corp. ("Iberian").
An information circular containing details of the proposed acquisition will be mailed to Shareholders on August 10, 2011. This information circular will also be available at www.sedar.com.
Iberian
Iberian is a private British Columbia company that owns 100% of the Lomero-Poyatos project through its wholly-owned Spanish affiliate, Corporacion de Recursos Iberia S.L. ("CRI"). Lomero Poyatos is located about 85 kilometres west of Seville, in the north-east part of the Spanish/Portuguese (Iberian) Pyrite Belt. Iberian also owns several other exploration licenses in Iberia through its wholly-owned Spanish and Portuguese affiliates.
An updated National Instrument 43-101 ("NI 43-101") compliant Technical Report in respect of the Lomero-Poyatos mine in Andalusia, Spain, has been completed and is available under the Company's profile on both the SEDAR and EDGAR filing systems.
Lomero-Poyatos Valuation and Transaction Value
The updated Technical Report by Behre Dolbear International Limited ("Behre Dolbear") titled, "NI43-101 Technical Report on the Lomero-Poyatos Au-Cu-Pb-Zn Mine in Andalusia, Spain" and dated July 29, 2011, incorporates a valuation report.
Behre Dolbear carried out a preliminary valuation of the Lomero-Poyatos deposit based on published average global stock market valuations per ounce of in-situ gold resources and value from a comparable acquisition transaction. Taking the average of these two estimates, assuming equal weightings for each, Behre Dolbear concluded that an appropriate current value for the Lomero-Poyatos project is US$53.5 million.
Based on the Company's Volume Weighted Average Price of CAD$0.69 for the 30 trading days preceding August 9, 2011, and the issuance of approximately 44,635,255 common shares of the Company, if approved by Shareholders, the cost to acquire Iberian would be approximately CAD$30,800,000, or approximately 40% below Behre Dolbear's valuation of the Lomero-Poyatos deposit.
Mineral Resource Estimate
The mineral resource estimate contained in the updated Technical Report is unchanged from the previous Technical Report dated July 11, 2011, a summary of which can be viewed in the Company's news release of July 11, 2011.
About Petaquilla Minerals Ltd. Petaquilla is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometre concession lands, a region known historically for gold content.
Disclaimer. This press release includes forward-looking statements. All statements, other than statements of historical fact, contained in this news release, including, but not limited to, statements regarding the Acquisition, the estimation of mineral resource estimate and the realization of mineral resource estimate, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Petaquilla's control that would cause the actual results, performance or achievements of Petaquilla to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements including that the Acquisition may not be completed for any reason. Such forward-looking statements are based on numerous assumptions regarding successful completion of the Acquisition, Petaquilla's present and future business strategies and the environment in which Petaquilla will operate in the future. Any forward-looking statements speak only as at the date of this document. Petaquilla expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in Petaquilla's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except to the extent required by applicable law. As a result of these factors, the events described in the forward-looking statements in this press release may not occur either partially or at all.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Richard Fifer, Executive Chairman
No stock exchange has approved or disapproved the information contained herein.
On Page 9, Point 3 of the Notes says:
"Production from Portuguese concession has not been considered"
Forecast 2011-2019 is officially online now, only minor amendments
http://www.petaquilla.com/news/pdf/forecast2011-2019.pdf
Found this in the Amalgamation Agreement(pages 8-9)
4.08 Shares held by Azuero Mining
Immediately prior to the filing of the Amalgamation Application and the issuance of the Certificate of Amalgamation, PTQ will hold a 49% interest in Azuero Mining S.A., which in turn holds a 24,8% indirect interest in Iberian. Upon completion of the Transaction, Azuero will indirectly hold 11,080,305 PTQ Common Shares. Post-Transaction, PTQ shall ensure that if Azuero distributes its PTQ Common Shares to its shareholders, of which 5,429,349 PTQ Common Shares will ultimately be distributed to PTQ (as shareholder of Azuero), PTQ will cancel such PTQ Common Shares.
I'm not sure how to calculate with those 5,4M shares.
Does it mean we could substract them from 41M shares issued to acquire Iberian?
he-juw@gmx.de
thanks a lot
Agreed!
But in case this leasing agreement is still active and we kick'em out now, i could imagine there would be some kind of penalty due to a penalty clause within the agreement. Of course i dont know if there exists a clause like that, but i think it's possible.
But i don't want to think that negativ all the time, so i like it very much that PTQ will own lomero-poyatos for sure. Fifer will manage the tail.
Thanks for your help guys, Geico, VB, jal !!!
Yes, i've read the PR of june 27th and i trust in PTQ, also i know Cambridge is a scam, but i would prefer to have an evidence by PTQ saying we have the rights, u know!? i hope PTQ will clarify it soon.
WTF?????
http://cambridgemineralresources.com/contact-us/
not sure if i understand everything, so Iberian Resources Corp. is the owner of the freehold of lomero-poyatos but Recursos Metalicos SL has leased the rights to mine it?
someone gets it??? PTQ should give us some info about it
At first, i want to congratulate you all to your seriousnes about petaquilla. I am from germany and i can tell you, it is a pleasure to read some serious sentiments about our baby.
I heard some of you live in panama, so i want to ask for a short summary of the layout of the new mining law, if possible!
insert-text-here
Would be very kind from you!
Thank you in advance !!!