Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Remember you are looking at 6/30/2013.

A lot has happened since then. I think you should sell!! You said you did not want to "waste more money" on this stock, so that really leaves you with no alternative. My guess is that at worst case this might delay some progress for a year or two more. As a short term guy, there is no reason for you to stay unless you average down some more if it drops to $0.20 as the lemmings rush to the exit!! I think we will get a bounce about February 15, 2014 when we report all the warrants have expired and the accounting in Spain is straightened out.

You might have noted in my post this week I recalled a similar experience in Andalucia thirty years ago. Our auditors discovered they were carrying millions of dollars in current A/R and the customers gone away years before and actually some were already dead and buried. Their excuse was, "If we write the accounts off it will hurt the Balance Sheet!!!" Such is life in the big city.

Guess it sucks not knowing what is actually going on behind the curtain. Sell and be safe.....