Petaquilla Minerals Ltd PTQMF

RE:Warning bells ringing loudly at PTQ

[wwadehammer]

In my previous post, I projected $8 million in pre tax earnings for FY 2014. That's if the price of gold doesn't drop and the lack of equipment problem is solved from this point on. No guarantees there. At that rate, we can climb out of short term debt in 10 years. Your point treetop2 about dreams and the real picture is apt. Who trusts management now. They used to have Fifer give quarterly internet presentations which were a joke but he doesn't even do that now. I don't blame him. There is no good news. How many of you still believe that shipments of high grade ore from Lom Poy will start within six months? We'll be lucky if shipments start two years from now if they ever start at all. No 43-101 from Lom Poy upgrading to measured and indicated. I'd feel a lot better with a confirmation on Lom Poy. Remember they issued three press releases on gold at ODN three years ago and nothing has come of it. Could be the same with Lom Poy. Buy all the stock you want at these prices, but like tree says it could go lower, a lot lower. How many times can management pound down the share value and increase debt and survive? Any kind of deal with first quantum would be a god-send but what would a giant company need from a junior with a market cap of $59 million?