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It is not a gut feel about news. The company announced in the last PR that they will publish preliminary numbers mid September. This will be right before the Denver conference. They have to do that in order to be able to discuss numbers with the conference attendees.
Year end report (per PR) will be at the end of September as scheduled.
Cheers
wow! I agree almost 100% on every points of that post.
The reason I say almost is that I am not sure that if the price of gold drops from where it is today we will also drop. Our PE will be even lower after the year end and that's with a very low realized POG so hard to see that trend accelerate. However I could be wrong since the market is not really rational. Some gold companies have a more cash per share than their share price so go figure.
"show me $3 and I'll gladly post my apologies for doubting them...[actually,I'll settle for $2"
Remember I am a very good one at search engine and reminding people what they posted.
I'll bet you a fishing trip from CR so you want have to travel too far. Good fishing place BTW.
"too much dilution"
Not again, you are too much. I already debunked your comments about dilution.
Do you want the link?
I am sorry I must have missed the posts where you corrected that the same way you missed my posts about PTQ performance against peers.
Again sorry about that. I will not do it again.
PS: Did you try to get access to the google PTQ and got denied? I wonder why. Should I mention "our excellent Board".
Lady, one more link about how Petaquilla compares to peer group.
http://www.stockhouse.com/companies/bullboard/t.ptq/petaquilla-minerals-ltd?threadid=21571572
You have been posting more than 12,000 posts with false information about the company. Just remember that the courts have already given their opinion on this type of posting.
Have a good day
Lady, you really need to start reading the actual content of my posts before you talk about performance against peer group:
Now let's talk real numbers vs. loose talk.
A lot of misleading talk about a 3 years chart of PTQ vs. the junior gold market. So here are the numbers. They are not pretty but they are correct.
GDXJ 3 years closing high $179.24 closing low $33.80 down 81%
PTQ 3 years closing high $1.25 closing low $.2871 down 77%
During the gold rush of 2011 and contrary to what someone keeps telling you that PTQ never took advantage of that gold rush:
GDXJ went up from $112 (Sept. 2010) to $179.24 high That is up 60%
PTQ went up from 37c (Sept. 2010)to $1.25 high that is up 237%
Congrat. to the smart traders.
If you overlap the 2 charts they look pretty much the same. Even during the PTQ takeover price hike. It does not make me feel good but it is just reality vs. fiction.
Another interesting statement about PTQ.
"Let me correct you. I have never stated this management fails at anything they do." Really? Not that I want to be picky but!
If you are a paid member of IHUB you get some really nice features like a search engine of someone posts
It took me only a couple of clicks to find the following that are a few examples of "Management failed" statements. There are more than 20,000 posts made by 2 posters on 2 Boards criticizing the company so I had a lot of choice.
Post 20800
Management has fallen short on many of their goals
As a long time shareholder IMO management still have a failing grade
Post 21318
Nothing will change in the way this Company is run until management changes. You can't expect much of a different result until then.
Post 21251
I believe what I see and unfortunately management hasn't earned a lot of my respect when it comes to many of their past dealings
The facts are that management has not come close to their production projections for the last two years
Post 21386
This management is indecisive and can't get anything they say done in a timely manner.
Post 20978
that blame falls right into management's lap
Post 20851
we need someone who can take this Company to the big leagues and that's not the current management.
Post 20391
it won't really matter about the past management gaffs, missed projections, or overdue payments
Again I am asking and it is just for no other reason than curiosity: Why do you keep share in a company with a failing management, no trusted by the market, never delivering etc etc
You have been very consistent in saying that only higher POG will generate money going back in the gold miners and will raise their SP.
Since it would be a general up trend of gold miner SP why pick the company with the worst management team. Why not select the perfect management team and buy stock in whatever company they run?
We obviously have a different opinion of the present management team. You think they fail on all fronts of management rating. I base my opinion on results (profitability etc.) and also on face to face meetings. I have "been there done that" in management so it helps me make up my mind. I also read by the way. I strongly advise it because you would be able to find most of the questions you keep asking day after day but never seem to acknowledge the answers even when I give a link to it.
Would adding more EPS do it for you? We are below 2 as a PE ratio already.
Do you really think that the company will trade bellow a 1 PE?
For me an increased cashflow and increased shareholder equity is what I look for. SP follows at some point.
But it is your call to keep holding a stock that according to you has no chance of going up unless the POG goes up and the person that owns 17% of the share is fired.
I have been trying to figure out why would someone keep a stock when they think the management fails at anything they do. I am at a lose for reason.
Interesting comment.
Price of gold.
"That's the only way IMO we see the SP improve markedly from here."
May I refer you to your post 20818 answering a post from Progafa saying "Fifer is a gonner. This in itself should make the price of the stock double"
Your answer:
"All I can say is I hope you're right! IMHO that's the biggest thing holding the SP down."
So is it Fifer or is it POG?
Petaquilla Mineral group
We are live and discussing year end finance. The good and the issues. No red flags just some interesting challenges on how to book some of the supplemental revenue.
Can't wait for the end of September when we will have a full analysis of the results.
Cheers
Glad you liked the link on Petaquilla and the Gold report. It was really hard to find. I had to use this thing called "google" It's kind of new so maybe you never heard of it. I had to really think about what to type for days but finally I came up with "petaquilla Gold Report"
Guess what I got:
http://www.theaureport.com/pub/co/417
It came up first on the list. Imagine that!!!
Another way to find it would have been to read my post about it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90394078
Now for your revenue strategy.
100 % from investment! good for you but I did not realize that the gift store business was a break even type of deal. I thought it would be more "something special".
Also, you do remember that the "been there done that" was from your post about Junket.
"I've never felt the need to go on junkets"
Post 21302:
"nice offer of going all over the world to attend junkets-been there done that"
Hummmm. Maybe you were talking about a retail conference at the Pan Pacific in Vancouver? It was next to the PTQ office where you can go to do DD.
Also just in case you missed it here is the page about PTQ in the Gold Report:
http://www.theaureport.com/pub/co/417
I think you are the same person that wrote
"FYI per personal knowledge, Petaquilla cannot meet payroll or reimburse employee expenses"
and
"Red Kite advised not to finance Spain because ore in Spain that would be sent to Panama contains high arsenic"
I think that is called "Insider information". Well it would have to be true of course to be called that. If it was not true then I think it is called "defamation" but what do I know.
PTQ Investors is live. You should have received an invite.
If you did not please contact PTQBLOG@AOL.COM
Have a nice long weekend.
Petaquilla investors group. We just hit 30 members in the group.
Formal invites will be sent this weekend. You will need to respond.
ptqblog@aol.com for info
Cheers and have a nice weekend
The Petaquilla investors discussion group is now receiving important emails. Soon it will be fully interactive. If you did not receive an email make sure you contact ptqblog@aol.com
Cheers
I think you missed the point.
The point was not if the price of PTQ went down. It did and it did a lot from a spike when the money was flowing in all gold stocks. I think you said that was not true and that PTQ did not participate in the gold rush (post 21085). So according to you that spike did not exist then PTQ did not drop that much right?
Your point was that PTQ does not track the junior gold market and it does. Go bash the junior gold market, be my guest.
Sorry, but you are the one that keeps bringing up the 3 years chart in post after post after post.
Your numbers, your time frame, not mine.
"CRASHING 90% in the last 3 years-" post 21401
"3 years chart" Post 21393 post 21370
-"the 3 year chart suggests otherwise." post 21332
"we certainly DIDN'T lead it last time the sector improved" post 21329
"otherwise-the 3 year chart isn't lying." post 21326
"the 3 year chart speaks for itself " post 21191
"when money was flooding into the gold market-in the biggest gold boom in history-what happened to PTQ?[check the 3 year chart]..." post 21085. I checked and your information is may I say "incorrect"
"please check the chart,it s not lying....]" post 21023 4 year chart I guess
"when the whole sector was up....we didn't participate...its been downhill ever since[check the 3 year chart]" post 20999 -
That's just to name a few.
One thing that bugs me about 2008. You said you received a $2.00 special dividend when the stock was $3.00. If I am correct that is a distribution of asset and does not count as a share price decrease. A bit like "I own 2 houses, if I sell one it does not make the price of house number 2 double"
That would be in post number 21041. I don't no much about the event but I wish I had been around for that distribution and keep the "free" share for long term holding. One thing however, I would not call it a crash but that's me.
I think something else happened in 2008. Now I remember. The world crashed.
Did I miss the post about GDX and GDXJ being down 5% yesterday when PTQ was up?
I must have also missed the post talking about GDXJ going down from a 52 week High of $102.84 to a 52 week low of $32.84
FYI. GDXJ is the junior Gold index ETF, a much more representative index than GDX with Newmont and Barrick
I have to catch up on my reading
Now let's talk real numbers vs. loose talk.
A lot of misleading talk about a 3 years chart of PTQ vs. the junior gold market. So here are the numbers. They are not pretty but they are correct.
GDXJ 3 years closing high $179.24 closing low $33.80 down 81%
PTQ 3 years closing high $1.25 closing low $.2871 down 77%
During the gold rush of 2011 and contrary to what someone keeps telling you that PTQ never took advantage of that gold rush:
GDXJ went up from $112 (Sept. 2010) to $179.24 high That is up 60%
PTQ went up from 37c (Sept. 2010)to $1.25 high that is up 237%
Congrat. to the smart traders.
If you overlap the 2 charts they look pretty much the same. Even during the PTQ takeover price hike. It does not make me feel good but it is just reality vs. fiction.
As they say "fair and balanced"
In God we trust, others bring facts.
I do have a preference for numbered facts.
Redflame, you are much closer than you think about a JV on infrastructure. I understand that the shipment rate to Minera Panama is now around $2M a month and growing. If correct that would put the rate at the contract level and at the 35% margin. The new crushers helped.
A lot of talk about FQ buy-out around here. First FQ cannot buy PTQ. FQ does not exist in Panama. Minera Panama does and MP is owned 80% by FQ. It is not un insignificant distinction.
A lot of talk about PDI. Let's make things clear. PDI cannot happen until full financing taking DB out happens. The DB terms are changing dramatically in 4 months so now is not a good time to close a deal. Earlier would have been good but that's water under the bridge. Just IMO of course.
More discussion about that subject in a PTQ blog opening next week for serious investors discussing serious issues. The intro page is a lot of work and help from knowledgeable google blog specialists is welcome. . ptqblog@aol.com for info.
Cheers
I did not want to post anymore on this Board but sorry I cannot resist answering post with total disregard for true information.
"No PDI news, no financing news, no nothing. As usual."
6 all days without news on PDI from the company. You are so right. We need to have a PR a day from the company. Any less is bad management. Actually one in the morning and one in the afternoon would be the right number.
Just in case you forgot we had a PR about PDI on the 19th of August.
They even stated when we will get update and year end report.
http://www.petaquilla.com/news/2013/081913.pdf
IH Off topic rule reminder
"Off Topic
Posts not about the topic of the board including other stocks or companies"
The post in question was about Petaquilla and an event concerning Petaquilla. The Board topic is Petaquilla mineral
Great response form north America and Central America about the new Petaquilla group. To all our friends in Europe you are welcome to join.
Email ptqblog@aol.com for more info.
Cheers and have a nice weekend
Very important message about Petaquilla on SH.
http://www.stockhouse.com/companies/bullboard/t.ptq/petaquilla-minerals-ltd?postid=21693624
Please make sure you read this post when commenting on Gold mining companies performance and how PTQ compares with peers.
http://www.stockhouse.com/companies/bullboard/t.ptq/petaquilla-minerals-ltd?threadid=21571572
Are you applying for a job or do you have potential candidates in mind. I am sure you can find a lot of available executives that can do much better than 12 profitable quarters in a row in a sector that is in trouble and where companies are struggling to lower their cash cost. Many of them are looking for jobs right now after they took their companies into the ditch. They could give us a different result than the one delivered by the present management. I fully agree they could turn around Petaquilla from making money to .........
When you talk about changing the management could you be more specific about the exact individuals and where their actual performance failed. Please do a performance appraisal as a Board member would do when they review the company officers and share it with us.
It would help if you can use the org chart in the intro box as well as the list of officers in a table with their performance. I am most interested on how in your expert opinion they performed in delivering low cash cost as compared to industry benchmark.
Also I am sure you have reviewed the separation clause in their contracts (public) and estimated the amount of funds for the separation packages. Also do not forget to include the relocation cost and stock option for the new management team before a personnel search gets started.
With all due respect I understand frustration but get over it. Proposed solutions should be based on some semblance of professional assessment. You maybe a bit out of your element here.
I try to share my knowledge for the benefit of other shareholders. I do a lot of research and I may be wrong sometime but at least I do not come up with something out of fin air. I met every senior officers in the company. I do not always agree with them and that's just fine but I am confident that they are competent and will deliver growth and profit for this company. That's all I can ask.
Just checking my calendar. I think the 15th of September is right before the Denver meeting.
Nice timing to present good numbers and some 43-101.
Cheers
My previous concern about PDI.
In several posts I expressed a concern about the spin-off of PDI and the influence it will have on the gold cash cost.
In order to understand the issue here is the simplified business model:
2 separate companies PDI and PTQ with an arm length relationship.
1- PDI provides mining services to PTQ at a price (is the price competitive?)
2- PDI purchases the aggregate from PTQ (is price per ton matching market price?)
3- PDI processes the aggregate and sell the finished product (multiple sizes) to Minera Panama (FQM) and other construction sites in Panama at a profit. (estimated at 30% margin)
4- PDI provides construction services to Minera Panama (FQM) and other construction sites in Panama.
It is actually quite simple:
IF Service cost provided in point number 1 minus present carrying cost of PDI is smaller than the revenue generated in point number 2 then the gold cash cost goes down. If not then cash cost goes up. Et voila!
Management is well aware of this formula and they already calculated that the cash cost will go down when we reach the aggregate production level committed by Minera Panama (FQM).
It will become very obvious when the full accounting separation is done. Trust but verify.
That was the answer I was looking for and got in addition to my AP question. All you need is know what to ask and how to ask it.
I hope that helps.
I am a''show me, don't tell me'' guy.
That is actually an interesting statement that I fully agree with.
What do we ask from a company we invest in? what do they need to show us?
Past Growth and profit, future growth and profit. How they do it is not a requirement but its interesting.
It reminds me my monthly presentations when I was a division GM in a very large multinational company.
A good month I had only one slide. A bad month I had several slides, a terrible month I had a all bunch of slides.
A company has no influence on the share price all they need to do is deliver the fundamentals.
Is PTQ delivering growth? Check
Is PTQ delivering profit? Check
Are PTQ future growth and profit good? Check
What we get is "it does not matter what you show me, I will remain grumpy because the CC was too short 4 years ago"
Yes the company had difficulties and maybe did not make all the right decisions according to the Monday morning quarterbacks. Now get over it and look forward. Who cares who Adrian is, last time I checked he does not sign the quarterly reports.
Trying to explain the year end change.
Warning. This is only a plain and simple speculation on my part. I received no information from the company that would lead me to my opinion.
It is quite obvious that the company is in the middle of a financial deal. It also looks like it will be 2 financial deals. One for Petaquilla and one for PDI. We also learned that the company is in the final phase of the spin-off contrary to popular opinions that no status have been given about PDI for the last 6 months.
A May year end is a problem for multiple reasons.
Part of the spin off will be complicated for reporting under IFRS rules that are now mandated by the TSX. Partial year for each company, pro format during that time Etc. Etc.
They are not quite ready with the paperwork so they take the opportunity to change the year end to an even quarter making it a lot simpler for everybody and a clean break. Don't forget that it will also be cheaper to process that way.
Why not in that case do it for calendar year end one may ask. Well that would be a 19 months year end report and I am not sure you can go over 18 months. I am also not sure if you can file 2013 at 12 months and do a new year of 7 months. This is called being in no man's land. The solution is one month extension in phase one and we will see what we do for phase 2.
The reporting timing may also be a part of the financing terms since it is quite time sensitive to get our of the Deutsche Bank deal.
If one wonders why they picked May in the first place when they started the company the answer is very simple. When you are strapped for cash you take strange reporting date so you get a discount from the Auditors that are way too busy during calendar Q1.
All of that to say that this is only the tip of the iceberg and it is not difficult to understand that the company cannot give a detailed reasoning during a complex negotiation.
So, what we get is: "We are changing the year end to give us more time for the spin-off, more later, have a nice day"
All IMHO of course
PDI, you have to be kidding. I give up posting links of where the answers are since the questions are always the same. From now on I will concentrate on present news analysis.
You can bring a horse to water but you cannot make him drink.
Good luck
Since you are such a fan of Rick I got an idea, I can setup a meeting with him and the 2 of us next week at his office in Carlsbad to discuss PTQ. I was going to meet with him the following week on other matters but I am sure we can move the meeting ahead if he is in town. That way we can cover with him your insight on PTQ before the company publishes the year end results. I am sure he will be delighted to be able to learn from your vast knowledge about every aspect of the company you accumulated over the last several years. Make sure you bring up such important things like the length of a conference call 4 years ago. You can be of great help to Sprott about their large investment in PTQ the same way you have helped your family with their own investment in PTQ.
I can pick you up at Orange county airport or at Palomar airport (Nice small airport BTW, I use it quite frequently). I am sure you can find a connection from Victoria. Just let me know, I am located 1/2 way between the 2 airports so I will be happy to arrange transportation. Best way to communicate the details about the visit is on the public Board since you do not accept private messages.
If next week does not work for you I could always change my schedule and make the London Mine and Money meeting on December 4th, he is speaking there. You can catch a non-stop to London from Vancouver and it is quite easy for me from LA. Sorry I cannot make Denver since I will be in Italy that day.
Looking forward to it.
PS1. I think you may have missed the link to all the articles about PTQ on the Gold Report. Let me know if you did I can repost it.
PS2. Look at the definition of "a call" in poker.
No transparency is a very encompassing wording and it would be in violation of TSX rules.
I invite you to read (I know you did) the quarterly reports, Year end reports, presentations, why to invest and the numerous PR's about the major events. They conform to TSX rules.
I know all of us always want to know more and I plead guilty as charged but as I explained numerous times it is very difficult for a company to share everything on a daily basis. If something does not quite happened as scheduled and it will management get a "got you".
There is nothing wrong with asking management questions via multiple means (phone, email, meetings). Analysts do it all the time. Large shareholders call management all the time and get the clarification they ask for as long as it is not a new disclosure. Clarifications are OK by TSX rules.
As an example I was uncomfortable with the AP. I asked and I got the answers to my questions and I am now much more comfortable.
For any company one thing a shareholder has to be respectful of is management time by only asking questions that are not obviously answered in the material provided. That part is called an RFM call in a support organization (translation "Read the Free Manual"). The other part is that you cannot call the CEO/CFO during TSX black out time. Well, you can call but you will not get much outside of the weather report.
If all of that is not enough one can always apply for a job with the company. The only problem, if you get the job of course, is that you are now an insider and you are restricted from trading.
In conclusion. Read and cut a bit of slack to management it is not an easy job. If they deliver profits on a constant basis then cut them even more slack. That statement is not made to defend management it is just a reality check.
To our many German and French speaking readers,
I really invite you to comment on this Board even if you do it in German. We all know how to use Google translate. It would be nice to heard what you think about PTQ.
Um unsere vielen deutschen und Französisch sprechenden Leser,
Ich lade Sie auf diesem Board-Kommentar, auch wenn Sie es tun, in Deutsch oder Französisch.
Wir alle wissen, wie Sie mit Google übersetzen. Es wäre schön, zu hören, was Sie über PTQ denken.
Pour nos nombreux lecteurs qui parle l'allemands ou le français
Je vous invite à commenter sur ce Board, même si vous le faites en français ou en allemand.
Nous savons tous comment utiliser Google Translate. Il serait interessant d'entendre ce que vous pensez de PTQ.
I agree but I do think you really mean "Lassen wir uns nicht
reagieren auf die Absurditäten" I think it is a bit better with "nicht" but my German is rusty
Not long to wait for PTQ's year end.
I wish I could be in Denver the program looks great even so PTQ is not presenting. They only have a reception at the event. I will be in Rome that day. I will also miss the London meeting in December (mine and money). My good neighbor Rick Rule is speaking there. I cannot be everywhere and there is always Toronto!
Cheers
I am really confused. It seems to me that an effort is being made to point out that no write-ups have been produced about the company in any publication and that fact is a proof that the SP will not move due to no interest in the company by analysts. We are told that analysts are the only way to have the company noticed.
Now that write ups have been pointed out (multiple times) and a new one is coming we hear that write-ups don't do anything only the price of gold will do something.
3 Points:
The interview has not been done so I do not know how one can conclude it will be a glowing one.
The price of gold is not the most important factor. The most important factor is the delta between the cost of producing the gold and the price of gold. I am not going to spell the math on a low cost producer vs. the average industry cost 0f $950 / oz
Granted the sector has been in a bear market for a while but bear markets turn to bull markets at some point and vice versa. With a PE as low as we have we are in great position to take advantage of any turn regardless of what is written or not written about the company.
I will make a prediction and I know I am going on a limb:
"As this company is growing revenue and profit in the coming 2 or 3 years the PE ratio will never be less than one"
Here we are, I said it and anybody can beat me up if I am wrong.
Have a nice weekend all of you.
Gutes Wochenende an alle unsere Freunde, die Deutsch dieses Board gelesen
Denver will be an updated presentation since it will have the year end results. It will also have a few more items like the drilling results and update on the ramp in Spain. I used the August presentation to update the intro box.
Cheers and have a nice weekend
Maybe you have a browser date problem and cannot read any post with a date past 2009. Let me try to help.
I posted about the Gold Report discussing Petaquilla:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90394078
And reminded you that I posted about it in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90913245
By the way I should also mention that Chen Lin is preparing a full interview with Petaquilla management after their year end. It should be published in the Gold Report in a few weeks.
Concerning the financial performance of PTQ may I direct you to the intro box. It is well documented there. I have been searching for a comparable performance in the Vancouver penny mining stocks but could not find one. I hope the attention of the shareholders is not diverted from the current situation PTQ is in. A PE ratio of 2 should not be ignore but highlighted. Could you also enlighten us about the "huge news" the company hinted for 8 months from now. I keep looking at the PR's and cannot located it.
I hope you can fix that date problem with your browser. Shaw is a great service provider in your area and should be able to help.