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mjkiii

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mjkiii

Re: JustForFun7 post# 17747

Wednesday, 10/17/2012 12:44:31 PM

Wednesday, October 17, 2012 12:44:31 PM

Post# of 26631
As I read this PR...

"Adjusted EBITDA reflects increased revenues relating to the termination of Petaquilla's existing prepaid forward minerals agreements, which have required the Company to deliver a specified amount of gold and silver ounces each month below then-prevailing spot prices."

This implies to me that we are recognizing savings from termination of the mineral agreements. We have no announcement of the PP closing, but this definitely says the agreements have been terminated and affected Q1 FY 2013 results. Perhaps I am reading this wrong, but that is the way it looks to me.
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