GREY:PTQMF - Post by User
Post by
wwadehammeron Mar 29, 2012 9:28pm
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Post# 19736700
Must Be Close To Bottom
Must Be Close To Bottom Although I am a purveyor of doom, the fact that we didn't drop 10 to 15 cents today might be a good sign. There is much potential with this company but they just can't seem to get things done. All the production equipment needed to extract more gold per quarter should have been in place last year. I have a hard time disagreeing with those people who say that the delays are caused by Inmet not starting up timely, but, they could have purchased and installed all this needed equipment 6 months ago. Someone on this board said that the equipment wasn't purchased and installed timely because PTQ overextended itself with LomPoy and didn't have the cash necessary. Hard to argue with that either. Looks like Panama ops will be mostly heap leach in 5 years which isn't bad if they get enough pads going. So much promise, so much disappointment. As I said before, those large fund stockholders will only wait so long for management to get its act together. Let's hope they don't bail before things are back on track. Need a stiff drink. Good luck to all. Out