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Re: Progafa post# 20346

Thursday, 04/18/2013 7:09:02 PM

Thursday, April 18, 2013 7:09:02 PM

Post# of 26631
Hi Progafa, Our circle is long also.

About 11 years for most of us. Together we hold about 30 million shares so I guess that makes us significant. We are happy. We will not sell out the company. We feel that we have excellent management and a great business plan.

For whatever its worth...we do not consider you concerns to be worrisome. We like that our working capital deficit is being lowered substantially, especially last quarter, and have total confidence in Ernst&Young who monitor the efforts, accuracy, and ethics as a third party. If you are concerned I would advise you to sell and move on where you are more comfortable. If you are as long as many of us, some of your shares must have cost only a few cents. (i.e.<$0.10).

I accept that there was confusion on my part as to the accusations you were making due to language. We do not see any problem, in any case, for the foreseeable future. For us: PETAQUILLA ES PANAMA! It will be so for at least two generations, and more if we are able to acquire concessions for the copper in the Comarca someday.

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