Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Anski, +-250,000-350,000 shares is not a big investor. I know several 'people' in Panama who have more than that, and have no thoughts of selling. At current SP that is only +-$150,000.00 In any case the Japanese picked them up. Also this is quarterly ending adjustments of portfolios for the funds. Worry if you see two or three million shares dumped. There are guys out there that bought at $3.00 and higher still holding with no real concern.

Per their letter of engagement they are not negotiating, but rather completing the DD check list. IMO the Oro del Norte results and subsequent 43-101 issuance are the only delay. DD time should expire around June 15th. If the period runs out they may seek to negotiate a new agreement, but I cannot think of a sweeter deal that the one they have already. June will be a very interesting month.

WHEN YOU SEE TRADING DAILY VOLUMES OF 2 OR 3 MILLION SHARES THEN WE CAN GET EXCITED!!