GREY:PTQMF - Post by User
Post by
wwadehammeron Nov 13, 2013 9:50pm
267 Views
Post# 21904132
Late Again
Late Again
Petaquilla Minerals Ltd. Announces Preliminary Second Quarter Results of Fiscal 2013
December 2012...........In addition, during the second quarter of Fiscal 2013, Petaquilla announced a National Instrument 43-101 compliant Pit Constrained mineral inferred resource of 502,800 gold equivalent ounces for its Palmilla deposit, located on the Company's wholly-owned Belencillo concession and associated with its Molejon gold operations in Panama. During the current Fiscal 2013 additional resource reports will be completed for the Company's Oro del Norte deposits in Panama as well as a reserve report for Lomero-Poyatos in Spain.
Hmmm - Let's see, when this press release was written, the end of fiscal year 2013 was May 31, 2013. Well, we're now five months past that date and NI 43-101s for Oro del Norte or Lom Poy haven't been issued. Well, they said completed, not issued to the public. So if the NI 43-101s have been completed, why haven't the reports been issued? Could the reports show problems, like, grade of ore at Lom Poy is significantly less than what was inferred when we voted to buy Lom Poy? Would the information change major stock holders vote at the upcoming AGM. Or will the reports be used to offset bad news from FY 2014 Quarter 1 results. Time will tell.