Petaquilla Minerals Ltd. (fka PTQMF)

[gjw46]

Nothing in this notice required international vetting and could have been released within a day of the growth strategy PR IMHO. Cash costs are a figment as solid as labor department statistics. DB and short term debt payoff was broadly touted in the growth strategy PR. Belt tightening is a foregone conclusion.
Deeper forward guidance would have included concessions like Palmilla that are still unspoken for, PDI contracts in place...today, or something simpler like do they have people and equipment to move ore to mill given the large sucking sound coming from Cobre Panama.
Right now IMO, PTQ has Molejon, operating, at some point in the future, at 67% of prior production history and an eviction notice from MPSA with a five year window. The Iberian project is no further along than it was a year ago. Insufficient funds can only go so far.
A rapidly ascending gold price is this company's only salvation because it certainly doesn't appear in the forward guidance or the management for releasing this tripe.G