Petaquilla Minerals Ltd PTQMF

RE:RE:RE:RE:Another Good Day

[wwadehammer]

Something's going on Goldpet.  I think management is very proud of this company and don't want to sell it - especially at a price lower than what they think it's worth.  I'm sure management is trying to obtain at least enough financing to pay off the bank debt and some of the accounts payable.  Minimum amount they would need is around $50 million, but $100 million would solve most of their problems. Management has got itself in a bind here and might be forced to sell a part or all the company if they can't get financing, but first they'll try to sell PDI and hope for competition so FQ isn't the only player.  If they can't get enough for PDI to pay off most of the debt, then they'll sell the whole company for what they can get.  I still think their trying to obtaining financing but they may have put out feeler's on what PDI is worth to FQ and others.  So my gut tells me that upcoming news will either be about a new bank loan between $50 and $100 million or the sale of PDI.  When Crdy talks about the company being worth $7.50 a share, I think he actually believes that.  Even if we think their nuts, I think management believes it's worth $5 a share at some point down the road.  So a jump in the share price to 45 cents doesn't incate to me that anything has been agreed to regarding the sale of PDI or PTQ.  Management won't make the mistake of announcing a deal before it's sign sealed and delivered like they did with the Red Kite loan.  No expect the announcement of a signed finance agreement before December 10.