Only 43 Days Ago...PTQ closed @
.57 and some bashers kept insisting that management could not be trusted and that independent reports needed to be presented. With the release of the latest corporate presentation, management has fulfilled their commitment as per
FYE2010 MD&A:
"Independent consultants Geovectra completed the design of the open pit and respective life of mine plan and a 43-101 statement on mineable reserves will be issued in the second quarter of fiscal 2011."
Pages 22-28 shows the Molejon open pit design, mine plan, and statement of mineable reserves for the Botija Abajo & Brazo Zones.
With production and cost guidance (
corporate base case) for the past and future quarters, do you think management will meet or exceed expectations? Perhaps the debt refinancing, confirmation of heap leach testing, and increased production will help lead one to believe so.
As more and more positive information keeps flooding in, the bashers will have a tougher time getting retailers to sell their shares based on fact and may disappear altogether. However, some of the persistent ones may continue to bash the stock based on unverified rumours. I've seen so many examples of folks who were scared into selling their shares prematurely based on faulty claims. Remember to keep doing your own due diligence folks and you should be rewarded for it in time.
PS: I have to pat myself on the back for the post below.
43 Days Left
10/18/2010 7:51:12 PM | | 157 reads | Post #28722605
In Q2, the new NI 43-101 performed by independent consultants Geovectra is expected to be issued. It would have been nice for PTQ to reaffirm this in the Q1 financial statements, but at least no delay was announced either. Perhaps the BOD pushed back the AGM date to allow for more time in adding the resource update into their meeting/presentation?
With a bad Q1, I'm surprised the stock held its ground and didn't sell off. This suggests to me that the shares are being held by stronger hands. There's a lot of good news in the pipeline so my stink bid at
.41 is probably unreasonable.