Petaquilla Minerals Ltd PTQMF

RE:RE:RE:RE:RE:RE:RE:Tomorrow Will Be Interesting

[oullins]

Wade, Nice post this is a great way to start a conversation thanks. Check the balance sheet on page 1 of the report. It is now available on the website and it is a searchable PDF verses an image file on Sedar. https://www.petaquilla.com/finance/2013/PTQ_Consolidated_Financial_Statements_2013.pdf The difference between Liabilities and assets is the shareholder equity. At this point it is positive $53M. In the case of a liquidation a company would not get the full value of the assets. In a strategic acquisition then it is a very different question. The value is how strategic the assets are to the buyer and they can be a multiple of the SE. You also have to consider hidden assets. For example there is a valuation of the gold mined and unmined in the balance sheet but there is no valuation of the aggregate. We know FQ (Minera Panama) will need about $300M to $400M of aggregate over 3 years. The aggregate generate a 35% gross margin so one could assume a discounted value (25% margin) so the aggregate is worth up to $100M and that is not on the balance sheet. Bottom line is that we have a very positive shareholder equity after everybody gets paid off. Liquidation is not an option contemplated by anybody. The company is in a hole but no creditors would foreclose since they are getting their house in order by transforming themselves in a dual source of revenue company. It is a very lengthy and expensive process to foreclose. Creditors of AP and Loans will give anybody a lot of room to survive. Sorry I am not posting more here but this is entirely due to the little lady with the gift shop in CR that calls me a pissant. That I cannot tolerate. Next time around I will answer your questions by private mail.