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I wanted to relay a brief update I recently received from Petaquilla Minerals regarding their refinancing status. As many of you know, this is a very big deal they need to close in order to really get the share price going in the right direction. Many people have wondered when will they complete the refinancing, will they complete it, and why is it taking so long? Apparently Petaquilla is ready to provide a status update in the form of a company news release soon. Below is the most recent message I have received from Petaquilla’s Investor Relations.

We will put out a news release shortly updating shareholders on the status of the refinancing.

It looks very promising and should be completed soon.

The refinancing appears to still be on track and making progress. Hopefully their forthcoming news release will provide additional details on some of the specifics. Until then, there is still time to take a position in this junior mining stock.  See my Petaquilla Minerals Trading Card for my fundamental analysis. This trade is somewhat riskier than I normally like, but the upside potential is just too much to ignore.

I have been dollar cost averaging down as the share price has been dropping lower. In my Petaquilla (PTQ) Chart Analysis 6-10-2010 article, I forecasted that PTQ would most likely stabilize around US $0.29 – 0.35 cents range. I expect this to be the a good range to buy in.

If you are considering investing in Petaquilla, then make sure you do your own due diligence. You should never invest money that you can’t afford to lose.

Related Posts:

• Petaquilla Minerals Update 9-20-10
• Petaquilla Minerals Update 7-26-2010
• Petaquilla Minerals Update 6/02/2010
• When Will Petaquilla’s Stock Price Rise?
• Petaquilla Minerals Financing Update 8-20-2010

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Disclosure: I have not received any compensation from Revett Minerals, Timmins Gold, Metanor, or Petaquilla Minerals. None of these companies are advertisers on GoldStockMania.com. I am extremely bullish on Petaquilla, Timmins Gold, & Metanor and currently hold shares.

Disclaimer: I am not a professional/qualified investment advisor. Readers should note I am not responsible for errors or omissions in this report. Also, I am not responsible for your trading decisions as you should do your own due diligence before making any investment decisions.