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Petaquilla Minerals Ltd PTQMF

"Petaquilla Minerals Ltd explores for gold in Panama. The Company operates the Molejon gold mine in Panama and owns exploration and development stage projects in Spain and Portugal."


GREY:PTQMF - Post by User

Bullboard Posts
Comment by goldpigon May 24, 2011 6:56am
122 Views
Post# 18616262

RE: pmc and random thoughts

RE: pmc and random thoughtsThats a very good summary of recent trading activity.
Two other factors also contributed.
Commodity markets were due for a correction after a long run-up and gold got sideswiped.
Also, Goldman advised its investors to sell their Canadian commodity stocks in March.
Undoubtedly, they shorted those at the same time.

In any event, it looks like the correction in the POG is over and gold is once again rising to new highs.
We all know that there is a lot of expansionary development activity going on at Molejon, as well as exploration work in several regions.
Drilling plans for Iberia and mine development for Banjas are also due for release.
Such news should give the stock a much needed boost.
Bullboard Posts