Petaquilla Minerals Ltd. (fka PTQMF)

[ratherbefishin]

AGREED-the land and the aggregate may not be sexy as gold ,but they are a very valuable resource-that FQ needs.I have long been of that opinion-that FQ will acquire those assets at some time.The only question in my mind is what FQ is prepared to pay ,and is that enough to cover our secured creditors debts,and what will be left over for the ordinary shareholders?If we play chicken and wait to see who blinks first-we probably risk forclosure and a trustee will be appointed to sell the assets and pay the outstanding debts.

Generally there is nothing left over for the shareholders,these vultures[trustees in bankruptcy]seem to calculate to the penny what is left over and charge that as their fee.

Better to go cap in hand to FQ and try to work out a deal rather than that-if we still can