Petaquilla Minerals Ltd. (fka PTQMF)

[carlosc]

The company's worth exactly what the market says it's worth.

Of course the company is potentially worth more if they can ever get it together to begin producing gold again but the market seems fairly doubtful, doesn't it?

I'm still waiting for any sort of evidence that these two guys have anything close to the $60MM that they will allegedly invest. One of them runs a used car lot on Calle Ocho and the other one lives in a $300,000 house in Pembroke Pines. That's not exactly the sort of duo that would have a $650MM portfolio of anything or would have scores of millions of dollars sitting around to invest in someone like Fifer. In fact, any sane person who would invest that sort of money in this enterprise would certainly do so on the condition that Fifer discontinue his involvement.

The deal as it's being presented is very, very suspect. The ten cent share price and the twenty million market cap clearly reflect this.