Petaquilla Minerals Ltd. (fka PTQMF)

[VBgood]

Financing does not make sense anymore. It was good idea when gold was around $ 1800 in order to get out from under DB hedge at $1200.
But with gold fighting its way between $1200 and 1300 DB hedge continue to be good deal.
So who needs financing now, I am sure company well aware of this and put financing on a back burner.
PDI spin off – it is not a good time to do that.
With so many juniors struggling to pay their bills and going out of business, PDI gives us a cash so much necessary
for L/P development .
It will be time in a future when gold price is much more favorable to spin PDI.
It is a survival mode for the most producers, large and small.