Replies to post #6284 on Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

Good question. I guess time will tell. There will be a lot of information released from the Company by May, so barring the POG tanking between now and then it's very possible we could be in the $2 range by that time.

[DetVicMackey]

Holding the warrants to the end of expiration provides no benefit if the SP remains above the $1.54 strike price. The warrant holders, who would be in the money, would have the right to own common shares below fair market value of $2.00 and be eligible to receive free PDI shares. So say it is the end of May, all the holders have to do is exercise their warrants early to own the common shares (+$0.46) which would allow them to receive the free PDI shares as well. If they choose not to exercise early, then the warrants will only buy the holders common shares upon expiration and lose out on free PDI shares. Also if the SP is $2.50 by Oct 2011, the holders who exercised early and held the common shares would be +$0.96 and have free PDI shares. The warrant holders who did not exercise early would also be +$0.96 but have no free PDI shares. Basically, the real question is do they dump the common shares after the spin-off at say $2.00 or hold longer for bigger gains?