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Re: badge792 post# 24533

Sunday, 04/06/2014 7:49:09 PM

Sunday, April 06, 2014 7:49:09 PM

Post# of 26631
Badge, no one is happy with current situation.
I agree that action plan has to be form.
company has to present plan explaining what and how company planning to do to improve their financial situation.
One plan of action was mentioned : assuming $ 60 mil received , pay of DB loan leaving PTQ with between 10 and 20 mil , enough to start HL, it is inexpensive assuming it works – it will bring almost 14K oz. per quarter, next- Portugal , which also does not require a lot of capital to produce gold.
If this can be worked out -PTQ can slowly paid down majority of the debt , might take a year , then who knows maybe become profitable again.
If PTQ manages to stay alive and gold comes back – ptq might get back in a game.
But if management will not present a plan – I will be first to tell you “sell”.
Also it would help if we can get someone else on a Board, someone who has connection with capital and know how to help current situation.

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