Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

No, that's not what I was told yesterday in my conversation with Nick. In fact he all but told me they weren't looking for financing now. They want to possibly renegotiate some of the DB terms and are looking to do something with FQ. According to him PTQ is still holding a strong bargaining position with the government and FQ's ability to change the start-up date of when Cobre Panama can begin operations. Currently 2016 is the start up year for their mine to begin, but that's not going to happen now and in order for there to be a change in that date FQ has to have PTQ's approval. How do you suppose they will get it?

Also the Panamanian elections are in May of next year(2014), so it's very likely FQ will want to have some sort of agreement in hand before a regime change is made. If they can't open CP by 2016 then they have big problems with the Pan. government and stand to lose the concession all together. Something I think they don't want to happen.