Replies to post #24533 on Petaquilla Minerals Ltd. (fka PTQMF)

[ratherbefishin]

why would Fifer bother with a CC?-he only gave shareholders 13 minutes of a scheduled 30 minute CC[one rah rah boy told us to ''get your questions in early''but again-why should Fifer bother with mere shareholders?-he's GOT his money....

I'd sure like to hear why the BOD rubberstamped all these decisions that brought us to this point...

[Implanting]

You're preaching to the choir. I don't disagree with anything you claim, but Mr.Fifer's not going anywhere. He's already made plenty of money running this little mine into the ground. Too bad for the shareholders that were collateral damage. Forget about CC's or being kept updated on what's happening. You'll find out in the end, if you hang around long enough.

IMHO there is only one possible way out here and that's if they can stay alive long enough for the POG to rally. That's a very long shot I know, but about the only hope left it would seem.

[VBgood]

Badge, no one is happy with current situation.
I agree that action plan has to be form.
company has to present plan explaining what and how company planning to do to improve their financial situation.
One plan of action was mentioned : assuming $ 60 mil received , pay of DB loan leaving PTQ with between 10 and 20 mil , enough to start HL, it is inexpensive assuming it works – it will bring almost 14K oz. per quarter, next- Portugal , which also does not require a lot of capital to produce gold.
If this can be worked out -PTQ can slowly paid down majority of the debt , might take a year , then who knows maybe become profitable again.
If PTQ manages to stay alive and gold comes back – ptq might get back in a game.
But if management will not present a plan – I will be first to tell you “sell”.
Also it would help if we can get someone else on a Board, someone who has connection with capital and know how to help current situation.