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I honestly still think everything is very much on the table and they are negotiating on several fronts. Something will happend be it positive or game over which i trully don't see as a possibility. I am still very much on the positive outcome side.
Somebody asked to stay on subject. Will just say that i am in. Nice to see the news of the environmental approval coming slightly after. No real change in SP after initial kneejerk but i didnt expect to get oyt so early anyways, just from the chart and the recent good news, it seems like a definite buy/accumulator, 25-30% and out. Last ill comment about this one just to stay on message with PTQ. Saludos.
Don't worry guys. No insider info here. Just lots of rumors, that make sense when you put it all together, specially when you know all about the local ideosincracies. This seems to be coming to fruition and yes the noise and chatter are getting ever louder. National assembly is in extraordinary session as we speak and today there was a somewhat negative but interesting article in Panama America about MP , and interestingly PTQ was not mentioned anywhere. Interesting from a Machuavelian point of view..... Be patient. Not much going on with regards to shares changung hands, but i feel the news, pop, and outcome coming very soon. Before year end. Maybe this week.... Godspeed all.
Yes I am.
Started nibbling today on some Belo Sun Minng. Heard some good things about it. Similar in size (MC) to Pets, and looks pretty bottomish. Check out the charts.... Accumulatng at .40 CAD
For every seller there is a buyer. Nice volume today. Tks for the shares. Have a good one.
Don't know why it doesn't appear there. Who knows what my broker is doing maybe splitting up the order..... Who knows...
That's actually a good idea. I'm gonna go do 5k at the Powerclub to get in that daily sweat routinr. Thanks for the suggestion.
I decided to go lower and average at lower level. Order is in. Come on baby. Come to me!
Lets say "It just makes sense". Strategic value is what its all about. Rumors are just rumors. Something should happen. Positive off course.
To all the non believers. I am waiting for the trading halt on PTQ to be lifted today. They I will go ahead with a 1.5M share order just to nibble. So please go ahead and sell me all your shares. Tks in advance.
:)
This is all part of the process. FQ is advising PTQ on clean ups that need to be made before things follow through. And if some profits can be made by those who collaborate well them even better. Happy holidays to all. It'll be a good one. For the shorts and haters just sell and move on. We are happy to pick em up but cheap and make a quick 100 percent plus in less than a month.
You know what. You got me. I am so embarrased!. Please everybody sell your shares. Game is over! I would hate for anybody to lose more money. So please sell your shares while you can. Please listen to me. Sell, sell, sell!!! Hopefully everyone will follow my recommendations and be saved. Hahahahahaah. What a joke! People that rely on message boards for the investment decisions should be flogged! LOL!!!!!
Deal is coming mid 70s for all of Panama in the form of shares of the acquirer (guess who that is...). Will be left with all the other spain, etc... crap which to me is worthless but they suggest an intrinsic value in the 30s. Really doesn't make a difference to me. Ill sell my payout shares and keep the remaining dormant to see if Fifer really delivers on something and if not what the hell. Good luck everyone.
The bank, at least one of them, is Global Ban, where President Martinelli is a large shareholder and excerts heavy influence. Latest update is before EOY but we're looking a the .70 area.
Just wait. LOL
I'm afraid not. Currently on vacation so I'm a bit disconnected. Status Quo is good and timeline (before EOY) is still on. Sit back and relax.
Guys. I always said merry xmas. Don't be so hasty. This is not a simple matter. Timeline is short enough as it is. Take a chill pill.
For a minute there i thought i was in a boiler room movie scene. LOL. Keep it serious guys. The stakeholders are getting concerned of all the chatering and speculation going on. Just sit tight and keep the conversation to a high and ethical level.
The "reasons" for the lower production are amongst others:
1) FQM aggregate contract. Given lower gold prices, it may be more profitable to dedicate resources to that, instead of taking the gold out of the ground.... You get my point? (this creates problems for the DB financng).
2) Lack of focus due to management pursuing too many things at once. I mean Spain and Portgugal. PTQ does not have the necessary resources, management or fianancial wise, so it is a total waste of those little that they do have.
Those are to me the main points. This has not been explained throughly by management by the way.
This all makes things too risky for MP's 6B investment in the Copper project. This is s very serious problem for MP.... Hence,everything that is going on and which should produce a new future before the year end. That's all anyone can or should say.
Seems imminent my friends. Naturally some people not in the know and with some gains after long holding periods are unwinding. I think they will regret it.
0.51 out of the gate 256k volume. Nice!
Sorry, but I don't have such details. What I've heard is that FQ only want all of Panama so they can eliminate risk. We would probably receive their a handsome payment in the form of a dividend and then the share price should collapse which really doesn't matter. I would just leave it their and check once a month. Jejejej
I can tell you that the 10M+ shares that I represent would accept anything at the 0.80 or above level. We've all hoped for more but unfortunately this i think is the most we will get. Our averge price is in the low 50s so its still a good return. I just want it to be over soon. And it looks like it will be.
We should be happy and get our money's worth with Panama takeout. We can also choose to remain with the ex-panama project or sell whatever its worth. I would keep it as gravy and just let it ride and see if RF is really capable of producing value but with no more capital risk for me.
Yes its coming. 60 day time frame. Peta will be out of hands of RF and we will get paid for that. Apart we will keep the iberian stuff and hopefully get some upside or cashout after. But we will be fine with the Panama take out. Two pronged deal is the most likely. Take out leveld should be handsome and significant premium from even these higher levels today.
Mjkii. All I can say is that there are always higher ups. This is not a one man show. RF was given total control, and what we have is thanks to him, but now he has royally screwed up and the powers that be will now take over and get rid of this mess, with a happy outcome I trully hope and suspect for all, and then the serious and hugeprojects can move ahead. With much help from the Infrastructure and resources that are already there, again thanks to Mr F's legacy. He has a chance to come out through the big door.
The problem mjkii is that I don't think we'll make it that far with RF at the helm. It was very worrisome to see Ernst stop short of qualifying their audit opinion; however, they did state that the viability of PTQ continuing as a going concern was in doubt as a result of the unexplained cash flow deficiencies. That is what responsible management is supposed to be about. Not constant buckets of ice water and surprises we get with RF being at the helm. So offcourse FQ needs to get this tiny spec out of the way and concentrate on their 6B project without RF looking for ways to screw them and make things difficult while at the same time driving PTQ into the ground.
I would think that alternatives would be very slim. I just don't see positive scenarios with Fifer in the picture all over the place.
I would like to make it very clear that I do not support nor agree with these inflamatory statements/heresay about Mr. F
I think FQM, or anyone at their level of professionalism and recognition could do a better job than Mr F. MJK leaves out alot of stuff in that Bio. Its like watching a Michael Moore documentary. Totally biased. I won't lower the conversation to enter into details. Better to not say anything. I can also say many good things about Mr. F, most already described by MJK. Unfortunately PTQ by itself is a meaningless company in relative terms, yet of strategic importance to global mega projects. Kudos for that Mr. F. I recognize. But this has gotten too complicated and I consider out of his hands. Make a good deal and let's move on. This is what should happen shortly if he doesn't royally screw us all, and the powers that be lose control of Mr. F, which to me would never happen. They've been too patient. Now is the time. And let the big guys do their work. Or let someone less controversial make it happen after.....
You are both right, but he just complicates things. He makes things seem and feel shady. But there is definetely strategic value in this company and somebody or several parties do have great interest and something is going to happen soon.
This is no more than natural profit taking after such a large short term hike. Doesn't change the outcome that is coming soon so beware not to trade yourself out of the payoff. Fifer is in fact causing problems here and continues to be pest that doesn't let serious contenders move forward. Richard: if you are reading, please take the deal and move on to new projects.
I wouldn't only rely on FQ. In fact we don't need to. Pets is quite attractive to others.... For FQ it is of srategic importance. So if i was FQ i would not sit on my laurels. Happy Holidays await...
Wouldn't want to get in trouble. Just sit tight. It should by a merry merry xmas and a HAPPY New Year. And we move in with $$$ into the new year for other good investments.
I just love how mjkii tells everybody that he has them on his ignore list and then reacts ro everything they say/post. I. Trully hope that he has some "skin" in this game. Or maybe he is just another "message board fly"
Fifer is subdued. But not only by FQM. Thank God this is not a one man show.
Its coming soon my friend. Keep the faith. I know its been hard and Fifer has not made it easy. He is under control now and things are happening behind the scenes.