Replies to post #23388 on Petaquilla Minerals Ltd. (fka PTQMF)

[ratherbefishin]

many small [not mid tier producers] gold miners are facing the SAME challange-the POG has CRASHED and what was once could have been a viable operation is now hunkering down in survival mode.Some will be looking for strategic alliances with more established companies,others will fall back on equity financing.Large established mining companies will be seeing this turn down as an opportunity to pick up proven resources from smaller exploration companies that do not have the ability to hold on.
Unfortionately-PTQ has NONE of the above-they have NO credability,they have very LIMITED ore resources and it looks like the ONLY hope we did have-the Lom Poy is now gone.We do not have the share float room to attract more equity financing.To put the most positive spin on it-we bit off more than we could chew and the chickens have come home to roost-as is the case for so many Vancouver Penny Mining stocks t'ain't pretty-but thats the way it is
in short-we BLEW IT