Petaquilla Minerals Ltd. (fka PTQMF)

[Chileanmafia]

The problem for PTQ is that we are a victim of collateral damage - Law #8 was an Inmet Law as a result we all paid the price as the law was not socialized properly and the issues were confused by the Martinelli Government. Cerro Colorado was only a distraction and perhaps Martinelli and his band of merrymen thought they could pull a fast grab on CC and sell it to the Koreans for a few bucks - this backfired terribly pissed off the Indians and as a result all mining projects paid the price...

It is important to note that Martinelli got the wind knocked out of him from the protests and so he is upset with mining and is trying to stay away from it.

The new mining law should be out in the next few months and there is a small group of Indians pressuring to stop mining in Panama and there is a huge group of Indians pushing the congress in support of mining - so this is good news

I think we are ok with PTQ as we don't need any cash from foreign governments like our neighbors next store..