Replies to post #22510 on Petaquilla Minerals Ltd. (fka PTQMF)

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Good Find Lowjack. This is from the 2008 financial:

Rio Belencillo Concession – Panama
The Company holds various interests in other land concession areas adjacent to the Ley Petaquilla Property in Panama, including the Rio Belencillo and Rio Petaquilla concessions.
By an Agreement dated May 7, 2005 and amended on June 10, 2005, Gold Dragon Capital Management Ltd. (“Gold Dragon”), has an option to purchase all of the Company’s interest in the Rio Belencillo and Rio Petaquilla concessions by the expenditure of $100,000 in approved exploration costs by May 7, 2007, an additional $400,000 in approved exploration costs by February 7, 2008 and by then paying the Company $1,152,400. This sum is payable in shares of Gold Dragon.
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The payment of $100,000 on account of exploration expenditures has not been made in accordance with the terms and conditions of the May 7, 2005 agreement. The Company is in the process of amending the agreement with Gold Dragon.
The Company’s proportionate share of exploration costs totalling $48,872 has been capitalized on the Company’s balance sheet.

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Would't we come out with a PR saying that Gold Dragon's claim was false like we did with Cambridge Resources when they claimed LP was theirs? MJK says this is the second time Gold Dragon has made this claim in a PR.