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4/9/09

Petaquilla Minerals (PTQ.to) and its total disregard for the law


On this link find today's press release from Petaquilla Mineral (PTQ.to) that tells us it has just poured its first gold (on April 7th). It has done this without having environmental approval and in total disregard to the government ANAM office that specifically ordered the company to stop all work until it met with and gained environmental approval for its operations.
  • It's the same company that faces a further round of sanctions, fines and prolonging of its suspension (the one being totally ignored) due to the recent investigations by ANAM and the failure of the company to comply with environmental law, as announced last week.

Against all this, these bastards calmly announce that they have poured gold to an unsuspecting audience. The image of Voltaire's firing squad "pour encourager les autres" once again springs to mind. If PTQ.to moves up today it will give a shorting opportunity of a lifetime to the people at Kingsford Capital (and other shortside traders). I strongly encourage them to take that chance, as this company is an embarrassment to the mining community and should be traded out of existence in the shortest possible time.