Petaquilla Minerals Ltd. (fka PTQMF)

[badge792]

Does anyone have recent numbers for the share buyback ????? Since the announcement we have had approx. 56 trading days that the Company has had the opportunity to repurchase said shares (start date of July 4th, 2011). My math may be way off but I'll give it a try anyhow......

56 trading days X 170 958 (maximum allowable per day) = 9 573 648 shares if the MAX was purchased each and every day which we know has not transpired nor did we expect.

We are slowly creeping up to the $1.00 mark so wouldn't it be prudent to gobble up these "cheap shares" now while they are allowed too considering we have been allotted 17 000 000 to repurchase up until July 3, 2012 ?????

I too am "content" with daily operations and the fact that HL is now on line but PTQ really has to show their cards when they sit down at the table. That has been their downfall over the years.

IMO I think the buyback is smoke and mirrors.