Petaquilla Minerals Ltd. (fka PTQMF)

[german_investor]

I know that there is a lot of work from Richard in PTQ, but if you take a look to the latest Q-Report you can´t deny that the company have a big cash problem.

They couldn´t deliver all ounces to DB.....

The AP was growthing again to already over 60 Million USD. A lot of them still have to payed in the next 12 months. But how????


So my opinion is, that Richard have at this moment no other chance then sell the Panama-Assets to FQM. No other alternatives without a financing of at least 80-100 million usd. This i don´t see coming in this moment.



With a Sale-Price of ca. 200 Million USD (Inmet offered round 140 Million USD, but that was to less....) PTQ has more then enough cash to going forward in Spain and Portugal and they can finance there 2 facilities (1 in spain and 1 pilot plant in portugal) without further dilution only from the cash on hand.

We have round 2 million ounces goldequivalent at lomero poyatos. San Telmo is only 5km far from LP and my guess is that there will be the same amount of gold too. This lot of gold they can produce with only ONE FACILITY.

For me it makes a lot of sense in connect with our financial situation to sell the panama assets inclusive our debts there to FQM for a reasonable price and let us move forward to spain and doing there a restart.