Petaquilla Minerals Ltd. (fka PTQMF)

[scottincr]

IMO...the recent PR's has been timed to drive share price up before the quarterly results are released in 10 days. Which leads me to believe that the producion results will be below expectations and the company is pumping good news and pumping share price prior to the bad news they are about to release.

As for the letter of intent. Thank god they decided to purchase IRC....it is good for PTQ and for nearly a year the BOD's and Executive Management of PTQ had been planning to take IRC public in a clear conflict of interest to PTQ shareholders. People had commented that it is normal for Fifer to be on multiple Boards, which it is normal, however it is NOT common for the Executive Management of a puplic company to hold multiple Executive Management positions.

Thankfully they are receiving good legal advice about how they handled IRC and they chose not to IPO the company and PTQ with purchase the company which will bring the additioanl value to the PTQ shareholders and ceases the conflict they had created.

I have held all my shares since my purchase in July. But I just lighted up on 50k shares the past two days, in anticipation of poor quarterly results.