Thank you, here is the english translation.

Petaquilla Minerals and First Quantum Minerals mining companies revealed their next moves to extract gold and copper in the District of Donoso, Colon province, where have the right about 136 square kilometers.

While Petaquilla Minerals tries to recover from a negative year home, its Canadian counterpart gave the progress of your operation that will start running from 2017.

The extraction of gold at Molejon mine in the hands of Petaquilla Minerals since 1997 collapsed in the first quarter of this year. The workers of the company had been warned that the activity was stopped from the 26 of December 2013 and complained that the company was not in compliance with the payment of wages, in addition to failing to provide daily maintenance need tubs of tailings.

Before the denunciation of the workers, the national environmental authority (Anam) made an inspection at Molejon and found irregularities in the environmental management plan related to the bad treatment of waste.

In its financial statement for the first quarter of 2014, Petaquilla Minerals indicates that gold production dropped 98% compared to same period in 2013.

Between January and March of this year, the company reported a production of 400 ounces of gold, far from the 17,000 882 ounces in the first quarter of 2013.

This collapse in the production was reflected in income from the sale of gold, which fell from 22.7 billion dollars, 900 thousand dollars.

The company ensures that the hostile bid launched by Inmet Mining in 2012 to buy its assets prevented it obtained a line of credit for 210 million dollars, funds that would use to purchase equipment with the aim of increasing production at Molejon.

Petaquilla said that this delay also allowed him to cope with the loan by $ 45 million that he signed in 2010 with the Bank Deutsche Bank, and that it would be cancelled with the delivery of 66 thousand 650 ounces of gold over a period of five years.

This chain of events, as well as other financial factors, did the mining recorded a loss of 11.6 billion dollars, compared to 15.8 million dollars that had won in the first quarter of last year.

To inject capital to its local operation, Petaquilla sold to First Quantum Minerals - which last year acquired the shares of Inmet Mining - a series of assets by $ 60 million.

The transaction included the transfer of a thousand 483 hectares and the rights which had Petaquilla on deposits of copper in Botija down, arm, Balboa, Hill, Botija and big Valley or any other site that is in the residual area of the concession of the Molejon mine area.

First Quantum Minerals reported that these assets were required to develop independently the extraction of copper, gold operation. This week Petaquilla confirmed that 60 million dollars were used to cancel the loan which had with Deutsche Bank, allowing it to resume the production of the metal gold in the next 90 days at a rate of 4 thousand ounces of gold per month. This move allowed him to release assets that had been placed as collateral for financing.

The company ensures to have sufficient reserves to maintain this volume for the next 5 years, not counting the 152 thousand ounces of gold which kept on your deposits so that they are treated in leaching tubs.

QUANTUM HEAT ENGINES

At the end of the first quarter, First Quantum Minerals told its shareholders that the installation of the plant of copper in Donoso had a total advance of 20%.

In addition, reported advances of 75% in the construction of the port at Punta Rincon and 75% in the works to install a power station that will provide energy to the project.

The company projected that it will draw 70 million tonnes of copper per year (Mtpa) during the first 10 years, representing an increase of 17% compared with estimates made by Inmet Mining.

Based on these calculations, First Quantum estimates that you will extract 320 thousand ounces of copper a year, 20% more than the original plan.

Clearly I am not, but the asset is still substantial. The management is the question mark.

A halt in trading does not solve anything. The management needs to learn fiscal responsibility.

In our current environment, they should be expanding PDI and taking care of our gold obligations to the Deutsche Bank. Any gold produced beyond that is giving away our assets.

If PTQ is Panama, then why are you talking about selling the Panamanian part of the company. If your assertion is true, selling the Panamanian portion alone should not be an option.

The expiration of the warrants is a big deal, will the SP rise instantly with the event, I don't know. The sky is not falling, but that doesnt mean that a fair buyout offer is not worth considering. FQM is well run, they know an opportunity when they see it. They are also familiar with local politics and if they conspired with the DB to squeeze out a sweetheart deal they know that the Panamanians will make it cost them more than a fair buyout ever would.

This group has their strength in Panama. PTQ is Panama or it is nothing.

My apologies, my interest froze and a triple reply was the result.

This group has their strength in Panama. PTQ is Panama or it is nothing.

No keeping Spain would let PTQ keep our money, Spain would be our Achilles heel. Buy it all or leave it.

I can live with an intact PTQ, I can live with a reasonable buy out. I find the the selling of the Panamanian assets alone to be the worst of all worlds, I would like to know that this is not a consideration. As far as DB goes, they want their gold stream and will work with PTQ if it is assured.

Mr. Fifer has dropped the ball, without the overspend in Spain this stock was a pure buy and hold for me. With the overspend in Spain I'd sell for a reasonable offer, not a fire sale, because I think that the company is quite viable. I don't think I'm alone in that view.

With regard to the prior suggestions for the nature of an exchange for shares, loss of liquidity should never be on the table.

It seems that a percentage of the purchasing has come from a sophisticated source, they will try to buy in without pushing the stock up more than is required.

If you had an inkling of what really happened this year you would have been all in shorting Comex Gold, PTQ wouldnt even be on your radar until now. People like myself invested a little too early, not anticipating the gold manipulation to come. If I came across this stock now, I'd invest in a large position again. PTQ is a very nicely leveraged investment for anyone who is betting that gold is extremely undervalued vs the US dollar.

That would be ridiculous, not the first time you played with us. PTQ has no business converting our investment to a loan, regardless of the terms.

I have no doubt that we will, although I do agree with Jal that it's not unlikely that a couple more events targeting the value of gold are engineered.

I dont see that, everyone in Panama knows that there's gold in those hills, they would sooner succumb to a friendly takeover than watch someone find it right beside them.

Lol, it's not going to happen. The large shareholders are neither stupid or broke, why sell at the markets nadir.

If I had a choice between PDI and Spain, I'd keep PDI.

Why would anyone at PTQ panic and sell either part. At this point in the market it would be a case buying high and selling low. Current operations should be able to service our debt and then we can fully benefit from our assets as the company and market mature.

Gravel is selling at a more appropriate value than gold is at the moment, and moving the aggregate exposes more rich ore. The quarter wasn't stellar but it wasn't unreasonable either.

Where PTQ falls short here is that filing reports in to SEDAR in a timely manner is not an optional activity.

I do care that you claim to be a shareholder yet state several times a day that it is irrational to invest in this company.

Seriously, read your own posts and explain why you own PTQ shares. How can anyone consider you to be credible when you don't even listen to yourself.

48 percent of this stock is not traded in a year. I doubt that more than 10 percent is in play, but that 10 percent or less changes hands multiple times.

The fact that there are a limited number of people willing to sell stocks at these prices concerns you?

Check the Toronto exchange.

Sane, as in investing where you foresee the maximum possible return, rather than in a company which you view as inferior in its class let alone the entire market.

PTQ has been making money and continues to be profitable. Your post has no basis in reality.

The amount of gold that has been sold exceeds the supply as a result of "paper gold", when that illusion is shattered then the dam bursts. When that happens is anyones guess though.

No one who took his profits early behaves as you do. You would be be setting a new record for being a sore winner. Stop lying or leave.

My apologies, I still associate the venture exchange with the VSE.

I hate to feed the troll, but your broken record needs a response. Companies start on the Vancouver Exchange because they need capital and don't have the gravitas for a major exchange. Most companies on the Vancouver exchange are ignored, it is a high risk environment. Only a few of these will truly succeed, those which do generally deliver multiples of there pre success value. The fact is that the ones that will succeed are selling at bargain prices and the market is undervaluing them. The only reason to speculate on the VSE is if you believe the market is wrong. In the short term, it often is. With regard to why PTQ is different, PTQ has a very low P/E, commonly in the VSE stocks don't even have a P/E ratio (no E). PTQ is also growing and can sustain that profitability and growth in a difficult market which is also atypical for a VSE stock, particularly a microcap gold stock in todays market. PTQ is exceptional. You have yet to explain a rational reason for your persistent effort to undermine the reputation of this stock and its management, I think that you need to come clean on this.

Clearly there are agendas at play here that are outside of those who are PTQ shareholders.

While it is not how I do business, this style of leveraging is very common and often works very effectively in the long run. PTQ has a history of very effective leveraging strategy which has resulted in rather large number of high potential assets which can sustain themselves. If you believe that they can pull it off, as I do, the rewards will be dramatic. If you don't, this is not the investment for you.

Once it is spun out it would be inappropriate to juggle the books. PTQ is best off holding onto PDI until its current ratio is well above 1.0.

Being relatively new to PTQ, forgive my ignorance, but what does the exploration plan and execution of the plan look like in Panama? I would be shocked if there was not a lot more ore there. What is the time line for surveying the land for which we hold the mineral rights?

Creating new personas and conversing with yourself isn't fooling anyone PMC51.

You may be right, but if they play their cards to reduce the price of gold again it will likely accelerate the differentiation between paper and physical gold. These are smart people and they know that there is a finite amount of time that they can make it appear that QE doesn't result in inflation.

The same people who brought us worthless mortgage backed paper are telling us that gold is worthless, we should listen to them.

Well said. Given that you are providing much of what PTQ would be providing if they were polished on the PR side you are doing a great service for us. This is of course consistent with your stated goals. Thank you.