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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 Bobwinson Aug 23, 2010 2:03pm
254 Views
Post# 17375322

RE: RE: RE: RE: RE: article

RE: RE: RE: RE: RE: articleYou ask daily questions but you have answered your own questions.
1. Why doesn't the current price reflect 6,000 oz/month and eventual capacity for 10,000/month
Because PTQ hasn't published any audited statements showing they have steady production at X$/oz cash costs leading to positive cashflow.  
It's annual statement time.  It's not ready yet.  Relax.  
Asking more questions doesn't make it happen any faster.  Yes, they have done a poor job of keeping investors informed.  Yes, it took a long time for Deutsche Bank to say yes.  Yes, there are more questions about whether the local banks will participate.    
Those of us that are still here believe that they will prove that they are producing and are making a profit.  It may take several qtrs because that's common for new mines.  
End of month, the annual financial statements are due to be published.  Can you hold the forty questions until then?  
If not, I will make adjustments on my end......IGGY
Bullboard Posts