Hi carlosc, Never gave it much thought...
I am looking at the stock a long, long way, down the road, and not really concerned too much about what happens at this point in time. I just feel for both of these guys who have suffered, one for just a while, and one for a very, very long time. I am just hoping for their sake that sooner rather than later they will get their self imposed targeted price and have the happiness of relief that they both so truly seek. Heck, if it were not for tax selling I would still have shares I bought at $3.33! I have always thought that anything under a dollar was a good investment and I still believe that will ultimately prove to be true.
It is the ups and downs, and ins and outs, that make life interesting. I know that the growing pains suffered over the last three three years have given my family the opportunity to hold a much larger piece of the company, than we ever originally intended.
I am very confident in Panama, the mining sector, and Petaquilla. Perhaps being so close to the situation has colored my vision. But to be honest, nothing to date has caused me much worry, and once again I can feel the swell, "under my board", as poncewaves would say. The question is? Is this the one to take and will it 'break' in such a way that it will reward the wait.
The fundamentals have never been better, but of course there are the macro events, and the irrational market...Who knows if the share price will be $1.00 by April 20th or many months later as some are firmly convinced.
I'm sure more comfortable where I am with Petaquilla, than having a big chunk of USA T-bonds, or having to depend on an unfunded pension and a bankrupt country. Time will tell who was right...in the meantime, I sleep very well.
Good Luck to you...My only advice is, "Don't sell PTQ short in the current market!", I don't think there is much downside risk ahead. I have been to Spain to see, and to Portugal. Molejon is in our backyard. I just don't see the risk others are so certain exists...perhaps I am wrong...but if I am right, I put in enough chips to make it very worth while. Everyone needs to take the time and spend the money to really dig into the due diligence weeds. Then you just assume the responsibility for your own decisions.
Some of the folks who constantly complain have never, ever posted any in-depth analysis, and by the nature of their comments make it obvious that they know little about the facts on the ground, or actually, those who run the company. So...let's all pull for a $1.00 sooner rather than later, let them make their money and happily be on their way.
