Check Out Petaquilla (Again, I Know...)

Tuesday, July 20 2010 @ 09:23 PM UTC

Contributed by: Don Winner

By DON WINNER for Panama-Guide.com - I've been waiting forever for this Petaquilla stock (ptqmf.ob) to go nuts. I mean, like years. They have been working for what seems like forever to get their gold mine operational, and now they are producing gold every month and selling it for a profit. They are getting their price per ounce production costs down while increasing monthly production. More output, less expensive to produce. And, they have now been into full commercial production for about seven months. So, why in hell has the stock price been dribbling down from 94 cents per share on 11 January 2010, all the way to 30 cents per share on 8 July 2010? It made no sense, to me anyway. I can only imagine that people are still afraid of the "ghost of Richard Fifer" and they've been sitting on the sidelines, waiting to see if it's "real." In the last seven trading days, the stock has gone from 30 cents per share to close today at 45 cents per share, a 50% increase in just over a week. Have investors finally gotten confidence in the Petaquilla gold mine? I've been waiting for this friggin' pig to fly - any day now...

Copyright 2010 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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