GoldStockMania.com

Last week I sent out a brief update to my newsletter subscribers that I sold all of my Petaquilla Minerals (PTQ, PTQMF) shares. Make no mistake, I believe Petaquilla still has enormous upside potential. However, the rapidly changing political situation in Panama is both alarming and potentially dangerous for investors. I have made a considerable amount of money already off of my Petaquilla investment and did not want to give it back because of the growing anti-mining sentiment there. I rather take my profit off the table and put my money to work in numerous other places before I watch it go up in smoke. Read more…

Timmins Gold, one of my favorite Canadian junior mining companies, released their 3rd quarter operating and Financial results today and they are looking pretty good. They netted a profit of US $16 million before taxes and sold 20,000 of gold at a cost per ounce of just US $439! Now you can see why I highly recommended Timmins Gold back on February 7th, 2010 in my Timmins Gold Trading Card when its share price was only $1.13. Congratulations to the Timmins management and fellow shareholders for a job well done. Please let the excellence continue. Read more…

As expected, Petaquilla’s share holders approved the private placement yesterday. Now let the fun and games begin as PTQ should be debt free! I get the feeling that things will get a lot more interesting and profitable from this point forward. It’s hard to believe that PTQ is still trading at just over a dollar. Read more…

Congratulations to all Timmins Gold investors. I had recommended Timmins Gold on February 7th, 2010 in my Timmins Gold Trading Card when its share price was only $1.13. This Canadian junior mining company is one of the lowest cost gold producers around and is currently ramping up to full production. Today Timmins closed at $2.44, an 116% increase since my recommendation! Not a bad a return… but hold on there is still more to come. Read more…

As you know, Timmins Gold recently went public with their various attempts to merge with Capital Gold. After repeatedly getting the cold shoulder from Capital Gold on their proposals, Timmins decided to bring the matter public and more importantly to the attention of Capital Gold share holders. It turns out that Capital Gold’s management was giving Timmins the cold shoulder because they were apparently already in bed with Gammon Gold which later made an offer that was accepted by Capital Gold’s management. It would seem that we have come to the end of this chapter, but really we’ve only just turned the page….. Read more…

At last, Petaquilla Minerals has closed the DB refinancing deal. This has been a very long process that has tested the patience of many long-term share holders. This is obviously a huge vote of confidence in a small junior mining company down in Panama. I expect this closing to help legitimize PTQ’s operations in the eyes of potential investors still sitting on the fence. Read more…

Yesterday, Metanor Resources [MTO, MEAOF] provided a news release on their much anticipated NI 43-101 report. Shortly after it was released, Metanor shares were literally pushed over a cliff. The share price fell almost 30%, thus giving many long term share holders a very nice hair cut and wondering WTF! Metanor’s VP Ron Perry in the news release below claims he does not understand why the market reacted so poorly to the NI 43-101 data. So in this post Ron, I would like to provide a few clues as to why share holders and the market is saying, “WTF.” There seems to be widespread disappointment with the results of the results of 43-101 and the market’s reaction to it. Read more…

Tomorrow, Tuesday 9-21-2010 Metanor is going to make known results of the Barry NI-43-101 resource update. The stock price could move substantially depending on how many ounces are there. It could be an exciting ride for Metanor share holders. I don’t know how many ounces will be announced but, I hope its at least 1 million plus. For more background on this Canadian junior mining stock, please see my Metanor Resources Trading Card.

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Several readers have contacted me lately wanting to know what’s going on with Petaquilla Minerals, [PTQ, PTQMF] which I have previously recommended. In particular, readers wanted to know why isn’t Petaquilla’s price not rising with the price of gold? What is the status of the financing? Here’s a quick update on what I know, please feel free to share what you know in the comments.

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I don’t know what it is going to take in order to slow down the PTQ rumor mill, but this madness needs to stop. Today I received an email from a reader asking me to confirm if Petaquilla has suspended production per a brief article posted on the Panama-Guide.com website. I am responding on GoldStockMania.com for the benefit of all PTQ investors who also may be concerned about this issue. Let me say this very clearly, “Gold Production has not been suspended at PTQ’s mine!” I also confirmed this with Petaquilla’s Investor Relations, per the message I received this morning. Read more…