Petaquilla Minerals Ltd. (fka PTQMF)

[JustForFun7]

well they always keep us guessing. No nailing down PTQ future.

I really don't know if this is good news or not for us shareholders. There is till lots of info and details to come. The good points are:
- putting financing for the Spanish mine in place. This means the timeline can probably move up on it. Production could be as close as 18 months away (exclusive of any ore they may send to Panama for processing).
- the upside is now more leveraged to the price of gold and silver since they reworking the deals with Deutsche Banks and others
- preparing for processing other Panama ore (if MJ is right) or perhaps some of the Spanish ore (used to be a metals mine).

I wonder what the terms of the PP are? what interest rate? right to convert to shares? what fees and expenses have been occurred because of this (you can bet someone (lawyers and bankers and middlemen) will make a lot off this.

I remain hopeful that it is in the best interests of the shareholders (as in we see a rise in the share price before the year is over).

Lastly, who are these PP investors with 210 million to play with? It would seem that management and these investors (overlap?) both believe that the price of gold is going to take off soon.

JFF7