Petaquilla Minerals Ltd PTQMF

Price of Gold

[wwadehammer]

Most of you probably remember the revenue forecasts that the company made on its website about 18 months ago and prior that were projecting big-time earnings for this year.  Remember the projections were based on the price of gold at $1,250 an ounce?  I get a big kick out the diehards over on IHUB that now state that we shouldn't worry about lower production numbers from Molejon as the price of gold doesn't justify using up all are rich ore.  Couple of points.  If we're $83 million in debt and we can make $700 an ounce ($1,250 less $550 cash costs) it would seem wise to produce as much as you could.  Second, according to the diehards, there's enough gold to operate the plant for decades, Right?  As someone here likes to posts, comeon diehards, give your head a shake.  Sure it's disappointing, but you have to look at the facts .  Management has certainly over projected and under delivered.  You don't seem to have any problem with that and always say it will be better soon.  I hope your right and that big things are coming.  I just hope its coming within my expected life span.