Petaquilla Minerals (PTQ.to): "About the company...."

CEO Fifer with another crook

Part of Fifer's wardrobe

Latin America's worst gold mining junior, Petaquilla Minerals (PTQ.to), currently poisoning first growth rainforest without any sort of environmental approval and illegally employing its staff, put out another BS news release this morning. Those of us that read a lot of PRs tend to skip the regulatory bits at the end of the releases...y'know, the bits about "forward looking statements" and "about the company" that come with nearly all such missives. But in the case of PTQ.to it's well worth looking to see how the "about the company" part has changed over the years.

For example, in today's PR the company states:

"Full commercial production is expected to occur in the second half of 2009."

Which, since we're at the end of June right now is understandable. I mean, how they gonna start up a mine in the next 48 hours? But still if we compare it to the PR dated April 9th, PTQ said at the time

"....the processing facility will reach its full rated capacity of 2200 tonnes per day in June 2009."

So two months ago they said "June 2009", and now they say "second half of 2009"? Hmmmm.... BUT WAIT! THERE'S MORE! Let's check back a bit further and see what this bunch of bullshit liars said on November 28th 2008.

"Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in the latter half of December 2008."

Here's July 2008

"..Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in 2008."

Here's January 2008

"Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in fiscal year 2008."

Here's July 2007

"Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in the third quarter of 2007."

What about January 2007?(this is a cute one)

"....The progress made at the project has reaffirmed management’s original schedule of performing the first gold pour in July 2007."

Anyone notice a pattern? Not the most difficult one in the world to spot, is it? If the fact that PTQ.to is run by crooks comes as a shock to you, please do yourself a favour and never invest in junior mining companies. Ever.