Replies to post #7964 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

That is a good point and I had not considered it. However, five million shares one way or another is not a lot of dilution or contraction with 175mm outstanding. I am with you completely on using cash flow instead of EPS. I still do not believe that management is focused at all on short term EPS or attracting investors to the outstanding shares.

I believe they have the financing in place that they were looking for back when they did promote a little, and all efforts are now on expansion and production. With a good POG and 10,000 oz./mo. with all of the plant expansion and heap leaching coming into play, the EPS should take care of itself, especially with no debt service.

My single biggest worry is very simple. What is the grade of the ore now processing and in ODN??? I am a little worried that we do not know the whole story on this. Everyone I have talked with will not discuss the subject.

[Implanting]

I think you could be right and IMO they will call the .65 warrants at the right time for them. I don't believe they're trying to do the warrant holders any favors by holding up the call. It will come in time.