Petaquilla Minerals Ltd. (fka PTQMF)

[Chileanmafia]

Your observations about the media are correct and always remember that its about interest here or about who is paying for the news.

The other problem here is that nothing is planned long term - mining is long term - so the politicians here think that a mine is built is over night and bam you have tons of jobs and taxes being paid.

Many of them also dream about how they are going to get a piece and will stop companies all along the way - especially on the permitting phase...

The local people also don't understand mining and the long term investment that it makes - so this is hard for companies like PTQ and Inmet - so they end doing a lot of social work in communities to keep support - but it also becomes very expensive for the company. Most of this social work should be done by the government - but the rural areas have been ignored by the Central Government for many years.

You also have to realize that there is a strong anti-foreigner sentiment here - whether its under the breath or in your face - this was one of the reasons why Law #8 was so unpopular as they wanted to allow foreign government ownership in mining....

Lastly Law #8 really had nothing to with us - we just got hit by it indirectly - I do think the worst is behind us and the future for us looks good and like the rest of us I am looking to forward to see the quarterly results at the end of the month as these are going to dictate what happens to our share price...