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Petaquilla Minerals Ltd PTQMF

"Petaquilla Minerals Ltd explores for gold in Panama. The Company operates the Molejon gold mine in Panama and owns exploration and development stage projects in Spain and Portugal."


GREY:PTQMF - Post by User

Bullboard Posts
Comment by stocknupon Aug 20, 2010 10:48am
202 Views
Post# 17368749

RE: rough number crunching

RE: rough number crunching

Yeah, I was doing the same number crunching yesterday in my head. My conclusion.....we are paying a heck of alot of money (gold) for 45 million of which 2.25 goes to paying someone (insiders?) a finders fee.

So for 82 million in gold we get 43 million. I feel like I have just been taken to the cleaners by bankers. This might explain why the share price has staled already and not much on the bid.

This is deal, but not a great one for PTQ.

Bullboard Posts