Not that comments make a difference...
but it is always a good idea to know the subject and the issues whether real or invented.
Reading the by-laws and Management Information Circular along with the Press Releases allows one to understand. The Duke was appointed by the BOD acting within its limited powers to to a Director's position on provisional basis. It was necessary to create through a stockholder vote a permanent position for him and to obtain the necessary support of stockholders through a vote for him to hold that now newly created position. This was done according to rules and by-laws. He received outstanding support from those who understand the value he brings to the company. He was opposed vehemently with personal attacks by members of this board and those comments can be viewed in the archives herein. As said above, the facts are available for all to review, as well as the results and explanation on the SEDAR filings, the Management Information Circular at the Petaquilla web site, as well as in the Corporate Documents.
With regard to Spain and Portugal, reading the actual documents concerning all agreements relevant to the acquisition of many concessions in both countries shows that Petaquilla has already met all requirements to validate and keep those concessions. In both countries the company has greatly exceeded what was required and stipulated. While it is always important to understand an issue and bring early warning to stockholders where possible, comments that are not on point or even relevant may cause one to have concerns about a non existent issue.
Contact with FQM is of course on a daily basis, as both companies seek to move forward in such a manner that all are benefited as committed in the public record. Gold seems to be seeking a bottom that is exactly where the company estimate4d it would settle in all the published long them planning models that have been presented in many documents and corporate presentations and filings. These economic studies and plans were prepared by professionals in the various required areas of expertise and showed the company to be very profitable at current gold price level, without even including the additional revenue from aggregate sales and mining services contracts.
Most of the future problems seem macro in nature and out of FQM or PTQ control. The vast majority of stockholders voted their continued support of our management to direct the company's operations and the results are there for all to review. It is gratifying to see such support in so difficult times. Perhaps those who are not happy will see a way to sell and invest where they see a greater opportunity.
Good Luck to all whether you understand or have faith in our company and management or not.
Saludos,
