Replies to post #7965 on Petro America Corp. (fka PTRZ)

[Pooper]

I am totally speechless, and dismayed - - - ;-(

[flaflyersfan]

lenacarr, may I?;

First, take everything said on message boards with a grain of salt and look up information yourself.

-PTRZ is a Grey Market stock with no Bid or Ask. There were 8 trades today; not enough to determine market direction at all.

-Who has $120,000,000,000.00 in assets; PTRZ or some other entity? If they said PTRZ in the private conference call; then the SEC should be made aware of it. So far, there is no evidence presented by PTRZ that they own $1 in assets. The company could clear this up very easily with proof.

-The SEC does not regulate anything in a company's SEC filings.

Hope this helps. Here is a scenario that may be familiar to some here;

http://www.traderoots.org/newsArticle.jsf?documentId=2c9e4f691f4beaab011f4fe991850918

Good luck.

[dreamweaver]

lenacarr, very interesting post, thank you for putting it out there. You made some good points. I guess time will tell what happens. There really isn't much we as investors can do other than keep the stock or sell it. I agree with what you said about the energy of the investors behind this and not being able to stop it. It sure makes for a interesting wait...

[xpvp]

Regarding the assets, consider this:

When gold assets are described as "proven and probable" reserves, this means they are still part of millions of tons of rock, which need to be excavated, processed, smelted and refined. This takes time and costs money. A lot of money.

From my research recently I have found that, while the gold assets themselves may be worth $1000 per ounce, it may cost anywhere from $300 (Barrick Gold Mine, as an example, one of the Cinderalla stories of gold mines) to $1500 (or more, depending on yield) per ounce to get that gold to market.

So, yes, there may be $120 billion in gold assets; but what is it worth to the share price if it costs more than that to get it?

The one interesting aspect is that gold prices are rising and, even though they are already at historic highs, many are predicting it to go much higher.

So, Petro may indeed be able to realize actual share value from these "billions in assets":
1) if gold prices rise much higher, and
2) if the costs to extract the gold don't rise as fast as the gold prices do (costs go up as the dollar loses value), and
3) if these gold mines actually pan out to their "proven and probable" yields, and
4) if Petro can find a partner to extract the gold at a lower cost than the value of the asset itself, and
5) if Petro has solid, long-term contracts for these gold mines.

That's a lot of "ifs", and I'm sure there are more... but that, I think, is why you don't see higher share prices. At this point, it is all just high-risk speculation.

[egal]

Good evening Petro fam. Sorry I couldn't get back to you right away I was in a session all day. Good thing too I missed all of the panic but it's cool Im not so fazed by this.

Thats a lot'a meatball lenacarr. But Ill try to give some perspective.

First off looking at todays decline and the large volume can mean a variety of things one might be a panic and a sell off but I doubt that because it would have tanked even further if that much confidence was lost.

Secondly another leverage move could be considered but jugging from past low volume when that accrued I would rule that out.

The only other option is an individual or investment group with sufficient assets to buy in at a lower rate, affecting the over all market value of the stock (Bulk Purchases).

While it is possible to control the market value of a company in this manner it is also illegal to do it for the purpose you suggest. Unless the purchase price is at a legitimate compensated price that would be Short selling and it is against regulations.

As far as the assets being on the books it still doesn't mean the filing process is finished. Owen and the TA mentioned that there was still some to do. So the "Books" he was referring to might have been the company's portfolio, which still has to be filed.

And yes The regulatory comity has to survey all of the companies assets and see which can comply with regulations as viable insurance against share value. And as XPVP bloged the assets like the gold minds might fall under that category. They are not tangible assets but projected and only would receive partial or no consideration at the time of registration.

XPVP I would like to point out that PTRZ has only percentages
of those minds and extraction might not be their end of the agreement. PTRZ might be the leverage the extracting company needed to produce and refine the ore.

Im still confident PTRZ will make a come back I like the progress so far. When it was at 68 I was confident for $100.00
But if you remember I also was looking for the momentum and Im still concerned that the delays are causing a shift. I still feel it will bounce back but its better to move with the river instead of against it. My advice be patient hold on and see what the week brings.