Very consistent! No control of GDXJ.
When the share price goes above $1.70, perhaps in April 2014, after the warrants have expired and Q3 2014 is filed, will you give him credit for being right, well ahead of the curve? Tell us all when was the last time you spoke with Steve, and had an in depth conversation concerning Petaquilla? Surely you would not have made your post without discussing the situation with him. That of course is the professional approach.
What difference does it make what the share price is in 2013 before the warrants expire, as long as it reaches $2.00+ down the road? Those with the foresight to invest back when it was $0.03 are still quite content. Even at these levels it is still a bargain based on fundamentals; over the long term that will be what the share price will reflect.
In the meantime if it goes to $0.35 buy a bunch; you will ultimately be glad you did. What real difference does it make if you get a ten-bagger in five or ten years? Not that much...the point is do the DD and keep up on your investment. If you bought it at $0.70 why would you not invest more in a much stronger company now at $0.45? If you think the fundamentals are worse and the potential is less you should of course immediately sell!! Anyone who is not green by $0.60 by now has missed the boat. Did you notice that Sprott did exactly that last year?
Did you look at the consensus estimates for the price of gold in 2013? Do you have any idea of what our forward P.E. Ratio actually is now? Do you understand that our drilling in Spain of the twinning holes show 30% higher grade ore? Do you understand how much cap/ex we have saved with the land deal, and how much more access we will have cost free to our reserves? Do you understand that FQM will not spend cap/ex to develop quarries in the jungle, with all the associated equipment required, but buy three times as much aggregate from us? Do you have any clue what the change from Inmet to FQM actually means to Petaquilla? Do you even have a small clue what the election of a Jesuit Pope has on the potential for development of Cerro Colorado on the Comarca and how that relates to Petaquilla?? Probably "NO" is the your answer to all of the above.
All of the above has happened since the decline in our share price caused mainly by sector decline as the numbers seem to show.
Perhaps you are right and, in spite of the above, there is nothing but downside risk. Terrible time to average down!! It was a bad deal at $0.70 and a much worse one today at $0.45. Thank God for people like you who make it so easy for the rest of us to grow wealth!! Please keep posting!!
If you have a better stock in mind with stronger long term potential and less current risk, please share it with all of us.
