Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

Q4 was nothing short of a disaster! I just scanned through the MDA and it's horrible, of course they try to put lipstick on it, but it's impossible to make anything that bad look good.

They commissioned the 4th ball mill and didn't have the mining equipment in place to increase the mining rate and on top of that they had to divert equipment from gold production to deal with FQ's aggregate needs. They never had all the equipment in place to handle what was required to service both the gold mine and what FQ required. Unbelievable! What's the point in upgrading the plant when you don't have the equipment on site to feed it? Unbelievable!

They couldn't even get DB all the delivery obligations they owed them for the year. Now we know why it took them so long to file. So many bad numbers to crunch. That takes a lot longer.

This will fall more tomorrow for sure. What a well run company.