RE: RE: This reminds me ....Well where should we start sanspeine.....how about your first post to the PTQ board being 3 Nov 10. Just around the same time 1best started his pumping antics. I suppose that is just a coincidence, right?
So what is PTQ's annual production rate? Are we to believe the rate announced in November based on 10 days of production?
Within the past ten days, the Company produced in excess of 100,000 annual ounces of gold by pouring 2,762 ounces of gold. This equates to a monthly gold production rate of 8,562 ounces and an annual production rate of 102,744 ounces.
Or do we use the one month average between Sept and Oct 2010?
After implementing changes in preventive maintenance and improvements in mining and process operations, production averaged 2,549 tonnes per day for the period September 8 to October 6, with gold pours totaling 6,120.5 ounces, equivalent to a daily average gold pouring rate of 212 ounces, or 6,300–6,500 ounces per month.
The difference between the two production rates is only about 27,000 ounces annually. No big deal, right?
Where do you think Octobers full monthly numbers will put us? Not sure. Oh yeah, I forgot.....Mr. Fifer forgot to release that minor detail. Don't you think that might be important to potential investors? But then, if the numbers were BAD, then I guess it is ok to keep that pertinent information from investors. Wouldn't want them selling shares by the millions would we??
SO WHAT IS THEIR ANNUAL PRODUCTION RATE?
Cash costs....again, what are they
Apr 27 PR - Cash Costs $627.00 with target of mid $500.00
Oct 6 PR - Cash Costs - oh they forgot to include that minor detail in PR
Oct 18 PR - Cash Costs - high $500.00 to low $600.00 - what the heck is that supposed to mean. Was it $580.00 or was it $630.00 - you take a guess and then I will take a guess and then lets average the two ok?
Nov 10 PR - Cash Costs - here we go again. Tom and his forgetful mind. Left that detail out again!
Cash raised by warrants? Well we only know of 5,300,000 shares being exercised so far. That would have brought in $3,445,000. The rest of the press release talks about what they will receive IF the rest of the warrants are exercised. We have no indication from PTQ that this is the case. Only the word of a couple resident pumpers.
ODN exploration results are mediocre at best. If they were exciting, don't ya think we would have been noticed and maybe even a single analyst might start covering PTQ. That did NOT happen.
The heap leach is only talk at this point. When it is in place and producing gold, then you can bring it up. After all, it was a year ago that we had a press release announcing a Special Meeting of Shareholders to Approve Spin-Out of Petaquilla Infrastructure Ltd. How well did that plan pan out for shareholders?
So I put the question back to you......Has Mr. Fifer been completely honest with PTQ RETAIL shareholders?
Cheers