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Petaquilla Minerals Ltd PTQMF

Metals & Mining Gold
"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

Petaquilla Minerals Ltd
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Comment by wwadehammeron Sep 11, 2012 12:50am
168 Views
Post# 20345433

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Fair Price

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Fair Price

Look VB, here are the facts:  Fifer had to sell Petaquilla Copper to finance Mojolon plant.  Fifer didn't want to but he couldn't get financing to start either project until Inmet bought him out.  Fifers in the same position now as he was then.  The company owes $44 million in short-term Acct Pay and has $8 million in the bank.  Heap-Leach has not brought in any money and nobody is taking about why except Inmet who says its not viable in Panama's climate.  Inmet has pointed out these basic facts.  Production is the same now as it was a year ago.  They haven't found any more big gold deposits, now its just heap-leach that isn't working.  Fifer will have to sell.

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