Petaquilla Minerals Ltd. (fka PTQMF)

[scottincr]

IMO PTQ will not spend capital on buying back shares. They are going to need every penny for acquisition and development investment. The buy back program is really a tool to let short sellers know if they want to short sell PTQ, PTQ is prepared and authorized to purchase shares and eat the shorts for lunch. They have surplus operating capital and have the ability and are authroized to purchase shares. This fact in itself should make deter short seller who prey on weak companies.

I do not anticipate PTQ exercising their buy back rights unless share price drops below maybe $.55.