Replies to post #12054 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Badge!!! Wash your mouth with soap!!!

Long Term I am fine. Short term I believe we will lose a year. For me, it just means I will continue to buy more cheap shares.

Actually, I have sympathy for management. They are hostage to an untenable position. Events that greatly impact the company are not within their control, and they certainly are not at liberty to discuss them publicly in a CC.

I know the engineers personally, and know what they can do if asked. Without attribution, I was told long ago, "If they call me that the damn ball mill is at the dock in Panama City, I will have it here and in production in less than 45 days!" IMO the lack of crushing capacity is a 'convenient truth' that helps explain the shortfall. IMO it is grade related and will remain so until Minera-Panama takes off.

What people here don't seem to understand is that the events are not under our control and certainly not to be discussed publicly.
We all know what they are and we all know issues will be resolved within the next year.

The other issue is that people can't grasp the situation on the ground. Yesterday's ceremony was the introduction of ELECTRICITY to several towns that have never known it. That is in DECEMBER, 2011!! Imagine the difficulty of developing a skilled work force when the labor pool has children, almost teenage, that have never seen an electric light. Imagine we go into a village, build a clinic, build a school, and the bring electricity and next year running water. It takes time to build the basic infrastructure and good will, but it will pay big dividends in support.

We have moved from a plant and company under construction, to an operating entity. The bugs are out of the system and if things are resolved in Panama City, we will be fine. I still have doubt that we made money in Q2 and think that our SP will drag again until we can consistently make money!! It is not the fault of our management.

[Implanting]

The crusher that Fifer claims was the problem for the short-fall supposedly won't be up and running until the end of January, so don't count on it to help very much for Q3, only one month IF it indeed is up and running on time. I'll almost bet you they won't make their numbers for Q3. I believe he said around 21 or 22K is what they were shooting for or about what they should have done in Q2, so they aren't doing the inflated numbers they originally hoped to do.

What I still don't get is how if you don't have this crusher in place from 5 monthes ago when you expected to have it operational can you not come out and say your numbers won't be made prior to the quarter ending? In other words let people know because the crusher's not operational the projections won't be made. They knew the numbers wouldn't be made before Q2 started.

This whole operation is going to be a very slow slog. I just hope the gold bull market doesn't end before these people get their act together.