Petaquilla Minerals Ltd. (fka PTQMF)

[Lojiko]

Certainly valid questions. My rationale is that [1] PTQ is eliminating O/S faster than they're accruing it (for now, anyway), [2] they're still turning a profit, even at these gold prices, and [3] when the resources at LP/Portugal/Palmilla get upgraded to P&P reserves, it's going to have a big impact on the SP (provided they get those upgraded to P&P reserves in a timely fashion).

My logic is also that the SP can't go much lower than this. We're producing, we're profitable, and we're still listed as a 2.0 (Buy/Hold) by Kitco, so we must be doing something right.

The caveat to all this is that I've been out of the loop for a while, so I may be grossly misinformed. Google Finance lists us as having taken a heavy loss last quarter. I need to do more D&D, but this is how I see things right now.