Petaquilla Minerals Ltd PTQMF

RE:RE:RE:RE:RE:RE:RE:RE:I still don't get it

[wwadehammer]

I agree Goldpet, Mr. Fifer is a smooth operator and you have to admire him for starting up Mineral Panama both the copper and gold side, but you have to count your fingers after shaking his hand.  Bobby might have talked to him face to face but can you believe what Mr. Fifer said to him?

This last shareholder vote supporting Mr. Fifer was shocking to me after all the phony press releases and poor management bringing us to the point of bankruptcy.  We can say what we want but it doesn't have any effect.  We're stuck.  The fact that management makes more money from salary than it could ever earn from a buyout makes me believe that a buyout is not going to happen.  But, when you see that they've driven the company into a debt hole that is unclimbable, there seems to be no way out but a sale to FQ.

Think of this, they got $5 million in a PP at the end of November and couldn't pay workers wages on December 15.  They've got 8 bank loans and 2 forward pricing gold agreements to meet and they haven't been able to do it.  I guess the equipment they leased to bring gold production back up hasn't helped yet.  Some say that they can't go after the rich ore as they have to go after the layer that contains the aggregate so they can meet FQ demands.  Who really knows, but things aren't getting better, things are getting worse.  We all know that Mr. Fifer blows smoke.  There's now so much smoke in the air that it's hard to see or breathe.