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Great post by crdy:
" Gold up $26.00 so far this morning at $1671.00.
There is a link on IH to the Amalgamation Agreement that is
much quicker than going through the SEDAR hoops. With the 43-101 from Behre Dolbear on Lomero-Poyatos of 81 pages and the 81 pages of the Amalgamation Agreement, that is a double dose of Aspirin! However, anyone who
is at all serious should read and digest both before making any comments on the upcoming vote. Five more trading days until the NCIB report and we find out just where the company is going with this deal.
Market Street at 5:00AM this morning is telling us that Q3 is definitely on the way by next spring at the latest and that will certainly mean $2,000.00/oz. gold. I believe that would give the Amalgamated company Petaquilla, a Gross Profit of over $1,000,000.00 per day and over $1.00/share annually in earnings!!
Anyone who is not 100% in commodities, PMs, or agriculture is going to take a major haircut in the next couple of years.
There are houses in some markets that cost $200,000.00 just three years ago that can be bought for $50,000.00 cash.
Sort of like watching Rome burn from the sidelines. Meanwhile Panama will see over 8.5% GDP growth this year with
unemployment below 4% and debt below 10% GDP. Maybe Washington needs to pay a visit to our little Banana Republic and learn how to run a country?? We don't give away our money to people who hate us to try to keep them as friends, and go fight wars in places where we have absolutely no interest or prospects. Our profits go right back into
developing our country."
I would like to add , that report is a great source of information . You will find out that CMR gave mining rights away in 2007 and did their feasibility study in 2003 when price of gold was $300 and silver under $5 .!!!
We have average gold grades at 4oz per ton and silver 60oz/ton.
Folks, hold your shares, they will worse one day $10, I remember year ago a few of us used to laugh at mjk's prediction of $7. If you still do - double your money at $ 1.60 and buy P@G.
This will be my last post, I wish all of us to strike rich.
VB, vbratun@yahoo.com
I just finish reading – we got a winer !!!
We got $53mil. mine which we bought for $ 32mil.
Huge upside potential, CMR quit while gold was $330 oz.
High gold grades and silver !!!
I want next shareholder meeting in Spain , so uncle Sam can pay my way, YEA!!!
Thanks Geico,
Still reading...
Yes, Lo – July 27 is not about just voting rights , but September ( per conference call) : BOD will announce PDI spin-of date, so to be safe people want to be ” in”.
More optimistic numbers:
Next year we projected to produce 150000oz gold just from Molejon,
Assuming gold at $2000 we will have $300,000,000.00 in total revenue…!!!
Talking about cash cow , mooo..
Those are good numbers , Lo. And you still were conservative when it comes to the price of gold.
It is just a matter of time before we “discovered” by rest of the world.
And believe me, when Inmet starts his project up and the ” rest of the world” a.k. as Koreans , Chinese. Spanish running around our concession due to the limited road access – peculiar questions will arise. .. interesting proposals…
Time clock is ticking, Koreans have 56 days and counting…
Will I sing my Christmas song of the last year ?
As acanuck noticed – we might get lucky – just a little peek.
Common August 11.
Between boring stock market and Washington Soap opera we have hot dog days of summer and hot-hot gold.
Anyone wants to calculate what $1600 gold does to our bottom line ?
Gold :
"...However, things are changing. As the world economic outlook grows weaker and weaker; the drive for these funds becomes not capital appreciation but capital preservation.
“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services? I look at gold as just another currency that they can’t print any more of” said Kyle Bass, the well-known Hayman Capital hedge fund manager
Institutions and Large managed funds keep about 1% of their total assets in gold. But “If these colossal funds start getting the idea that holding 5% of their portfolio in gold is more conservative and intelligent than holding the current average of 1%, what will this mean for gold demand? The answer is obvious and the ramifications huge” says Ron Fricke, President of Regal Assets.
If these endowments and private foundations were to increase their conservative gold holdings from 1% to a mere 5%, there would be a requirement of over 1000MT of gold. That is more than 200% of China’s yearly production!
According to a report from the Gold Council, the total supply for gold in 2010 was 4155 tonnes. An additional 1000 tonne demand would obviously skyrocket the prices and send the markets into a buying frenzy.
The University of Texas, the second largest endowment fund in the US, added about half of a billion dollars worth of gold to its portfolio in May, on top of the half-billion it purchased several months prior. Is this an indication of things to come?
“Basically you have a very orderly rate of increase. If you go back to 1979 gold doubled in a single year, well it hasn’t doubled in any year in the last ten years. So as this move is ending it’s conceivable to me that you are going to see a doubling of the gold price from some higher level, but I feel very good about the sustainability of the current action in the gold price” said John Hathaway the prolific manager of the Tocqueville Gold Fund on King World News.
“Gold is up (roughly) 13% year to date, if you tack on another 10% in the second half that is not unsustainable in terms of the macro picture that I see. What’s going to drive it (gold) crazy is when institutional buying starts to take place, and we really haven’t seen that (accelerated) sovereign wealth and (accelerated) central bank buying. That still lies out there and that’s the fuel that’s going to get the gold price up to numbers that I’m almost afraid to mention on air or in print.” He went on to add.
Just a reminder, we all agreed to IH rules when we sigh-up :
... ...
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Yes, and did you notice that “30 years part” ? Talking about stock to keep forever (PDI it is ).
In mean time PTQ is taking a breather, looks like everyone who wanted to get in before 27 did exactly that.
So we are playing with a new support around .80-sh and getting ready for a new leg-up.
Letters in a mail.
VB
RENO, NV -
The Inmet Mining Board of Directors has approved the development of the Cobre Panama copper-gold-molybdenum project in Panama.
As a result of the development decision Monday, LS-Niko Copper subsidiary, Korea Panama Mining Corp. (KPMC) has to decide whether to exercise its option to acquire a 20% interest in Minera Panama within 60 days.
Inmet announced it has commenced a process "to engage potential new partners in Cobre Panama. At this point, multiple interested parties have executed confidentiality agreements with us and are engaged at various stages of due diligence on the project."
The copper-gold-moly property is a large open-pit copper development project located 120 kilometers west of Panama City in the district of Donoso in Colon Province. Cobre Panama is believed to have a 30-year plus mine life.
Annual copper production is expected to average 255,000 tonnes for a total of 7.64 million tonnes of copper production over the life of the mine. Yearly gold production is expected to average 90,000 ounces of gold for a total production of 2.69 million ounces of gold production over mine life.
Annual silver production is anticipated to average 1.5 million ounces for a total of 45.23 million ounces over the life of the mine.
Total capital cost for Cobre Panama is estimated to be US$4.3 billion, not including escalation, interest and working capital
No problem ponce, please allow me to take back what I said to you. Here is more good news from Panama , just as you asked ;0)
PANAMA, Panama. (DPA) .- After the departure of the "gray list" of tax havens by the Organization for Economic Cooperation and Development (OECD), Panama would be able to take advantage of the migration of customers of Swiss banks, said Vice Minister Panamanian Economy, Frank De Lima. De Lima said that Panama has demonstrated strength, strong performance of public finances and a strong development of the banking and finance Panama, a dollarized economy, may receive in the International Banking Center (CBI ) some funds that have started to leave Switzerland in the middle of a complex picture with European monetary and financial effects. Internationally, this makes this country attractive to foreign investors.
He said that "We want people coming in lawful money that do not evade paying taxes, "De Lima said after mentioning that this country is a strong competitor bank, as well as banking centers in Hong Kong, China and Singapore, after entering the" white list " or transparency of the OECD.
In this regard, the director of the Economic Secretariat of the Ministry of the Presidency, Kristelle Getzler, said in May the Panamanian economy grew 9.5 percent over the same period in 2010, while assets CBI's total that year reached 59,600 000 000.00 dollars. Deputy Minister outlined that the output of the "gray list" was due to the signing of International Double Taxation Treaty with Barbados, South Korea, Spain, France, Italy, Luxembourg, Mexico, Netherlands, Portugal, Qatar and Singapore. He added that it expects to reach similar agreements with Germany, Britain, Chile and Canada. For this year are expected to be signed three agreements negotiated with Belgium, Ireland and Czech Republic, as well as the signing of agreements to exchange tax information. Panama has made ??47 approaches or contacts with other countries to the negotiation of treaties to avoid double
Acanuck, I am fully agree with you. Here are a few notes:
“To those who worry that we will run out of gold...our concession is 382,177 acres of batholithic uplift. We have explored
about 20,000 acres. We are mining at Molejon 125 acres. We have more targets for exploration than I can list on a page.
At this point, not needing to raise any money and with $60,000,000.00 available when the SP goes above $2.00 for thirty days.
There is more gold in ODN than at Molejon, however it will be a couple of years before we decide whether to build a 22 Klm
road through the jungle to haul the ore, or just build another plant up there coming in from the ocean and not having to cross
the mountain range.
Also there is a big deposit at Santa Lucia, just a short way away from Molejon.
Right now 100% effort
is on expansion of Molejon with the pit become much larger.
Heap leaching costs only $450.00/oz. and there is plenty of ore at Molejon.
Production will at least double for PTQ in the next
twelve months and costs will drop dramatically. “
Also , I will comment last time on L/P versa CBR subject- tired beating around the bush.
As the shareholders of PTQ we are buying L/P ! It will be ( and were ) voted in on both sides of the Ocean.
BOD and rest of stock holders have enough shares to push it thru ( and I am all for it ) .
I don’t care about claim of some shady /scamy company. They want to take me/us to court – here is my lawyer’s #. If someone wants to dissociate himself from spending 40 mil- they can sale their shares any time.
There are great topics to discuss :
1. Support from the Government of Panama
2. High Price of Gold/ Dollar collapsing
3. New Mining Law coming favors company
4. Stock Re-purchasing - 10% of outstanding shares
5. Production rapidly increasing to 300,000 oz./yr.
6. Costs are dropping/ heap leaching coming on line
7. Iberian purchase is moving forward, two million ounces of gold.
8. Low share price less than 18 months of earnings
9. PDI Spin-out is coming, 4 for 1 split @$2.00/share value
10. Indigenous are not protesting PTQ's operations - they are after Cerro Colorado
11. Active drill program five million dollars a year dedicated to exploration
12. Earnings at rate of $0.70/share next fiscal year!
13. Forecasting one billion dollars in earnings over next ten years.
Stay well and prosper, my friend. ;0)
I don't afraid anybody. I always repeated same thing over and over that let lawyers to figure it out. CMR is a dead company, and if they want to settle for a few bucks - it is fine with me. I am voting YES for this deal, period.
Ponce, where do you live, under the rock?
Panama economy is booming, 7 % a year while USA barely 2%. Huge infrastructure projects, canal work, infuse of foreign investments, etc. Have you been reading previous posts here?
Here you have it. Sending e-mails = poking stick in a sneak nest or sleeping tiger even if it's all dog, was not necessary. I would better have a dispute( if we are going to have one) after official vote.
I am sure lawyers will have to sort it out now and our Company might have to put out PR.
VB
Lo, I disagree but do not want to discuss this in an open forum. Let's concentrate on the good news: we UP 9% with almost 800K sh traded - obviously something good is going on ( I was trying to tell you guys that we are about to explode) . Is Company buying shares? - we will know it on August 10, new rumors? - maybe, new investors? - yes!!!
I have to admit that diversification does not work in today markets. I sold my silver and other miners a few month ago and fully loaded in PTQ.
Diversification used to work , but in an age of computerized trading - Big traders/House will win all the time. The only way to beat the market - is to pick a winner and stay with it.
PTQ is the winner !!!
Between January and May 2011, the country's economy recorded an accumulated increase of 7.65% over the same period last year, when it stood at 5.93%, according to the Monthly Economic Activity Index (MIEA).
The information was released, through a statement by the National Institute of Statistics and Census Office of the Comptroller General of the Republic performed a monthly measure. The IMAE is an indicator of the production sectors of the economy which is made from the weight of a base year, which at present is 2006.
According to the results of Imae, the sectors that drove the dynamism of the economy were communications and transportation, which showed positive rates due to increased movement of containers, air transport, telecommunications, transit of vessels and net tons displaced high-draft vessels that transited the Panama Canal.
Growth was also boosted by commercial activities due to improved performance of the retail and wholesale businesses and the sale of fuels and new vehicles, which recorded an increase.
No remains of the sector of construction, mining and quarrying, especially, the report notes, the execution of public investments, including the development of large civil engineering works, and private. Also, the sector of hotels and restaurants (more overnight tourists and spending in restaurants), and community social and personal services.
Other sectors that contributed positively to performance were the Panamanian economy fun and recreation, manufacturing, electricity and water sector, government, financial services, health and private education
...
There is a right and wrong way to do this. You are dealing with different country, different culture and protocol.
I know and experienced firsthand when people with good intentions placed themselves in wrong or funny situation , by assuming that all world follows American business culture and customs.
The letter was sent to foreign local government official.
English is international business language, Lo’s broken Andalusia/ Spanish wouldn’t benefit his cause.
And lastly – there is no issue with mineral rights before any court in any country (except with few IH-bers)- so this letter at best would simply raise eye-brows.
Lo, on a second thought , I think you should not send this letter at all.
The Company specifically stated on the record about Lumero ownership.
One thing to discuss this on a message board , another- to send official enquiry.
I know that BOD do read our posts occasionally and they might not appreciate your interference in legal matters.
As PTQ shareholders – your letters of concern should have been address to them and not to Spanish government .
VB
Good move Lo, but I hope you started your letter with :
Dear Sir or Madam and continue saying that you represent group of investors… signing with your deepest gratitude…- this way you would hopefully get some attention.
But I think it is a water under the bridge now – we are the rightful owners to be and will be voting on it by proxy in a few days …
It is going to be early Christmas for most of us , yea !
We are in a good hands :
"Leaders announced it will go with its own candidate for the presidential elections of 2014, after ratification yesterday as president Juan Carlos Varela of this group in a National Convention held in the gym Roberto Duran.
That candidate, they said, is the very Varela, who demonstrated "strong leadership" within the party, won 97% of the votes on Saturday.
However, during his speech as president re-elected, self-proclaimed candidate Varela avoided, but said "we are ready to govern."
"Today you decide the future of a person, but a game," he said.
The president, Ricardo Martinelli, attended the event and said the alliance between Panamanians and Democratic Change (CD)-presides collective will "continue for many years."
But he said his party there are people who aspire to the presidential nomination, so you should make an interparty or search for a selection method for choosing the best candidate.
Guillermo Ferrufino, CD, who on Saturday said he wants to be president, came to the activity.
The convention was marked by messages of party unity. Even more to the internal currents of Panama were present, as the former president Mireya Moscoso, and Marco Ameglio.
"It would be a mistake for the Panamanian Party to run in general elections in 2014 with a vice presidency," Moscoso said.
As a special guest at the ceremony was former President Alvaro Uribe.
I have suspicious that not everyone reads SH board , specially our German friends , so here is a good post from SH by crdy:
Our ownership profile is changing very rapidly. We now have 38 large stockholders, and most interesting, is who is stepping up to the plate: Libra Advisers has 10.6 million shares, US Global has 2.7 million shares, Gamco has 2.4 million shares, Sprott has 2.0 million shares. All new to the party. I think Libra now has more than twice the shares that Fifer holds. Perhaps, their expertise and DD brought them to the conclusion that this was the place to invest their money this quarter. Wonder if they want to be sure they are on board before the $2.00/share value PDI shares come floating over the transom? (You young guys don't know what a transom is, but that's OK. I wouldn't know an Ipod from an Iphone.)
I do know that several very well placed and very rich people have a lot of confidence in this project, and a lot of influence in Panama. Following along is just fine with me!
I am very satisfy the way SP is rising: slowly but surely. Kind of surprise that people still shorting us- obviously they have no idea what is about to happen.
P.S. My thoughts and prayer goes to Norway victims.
Keep in mind this is a Draft and Ngabe territory is far away from Petaquilla:
PROPOSED DRAFT BILL TO ARTICLES
Finally agreed and non-consensual:
Bill?
In the 2011,
By which establishes a special regime for the protection of resources
mineral, water and environmental Ngäbe-Bugle Comarca.
NATIONAL ASSEMBLY
DECREES:
Article 1. Establishing a special regime of protection and social interest
mineral, water and environment within the Shire Ngäbe Bugle areas
adjoining defined according to Law 10 of 1997 and the Charter of the Shire
Ngäbe Bugle.
This special scheme shall apply also to the communities Ngäbe Bugle
adjacent to the annexed areas, defined, delineated and consistent with the provisions
legal force.
Article 2. It prohibits the granting of concessions for exploration,
exploitation and extraction of metal mining, non-metallic and its derivatives in the
Bugle Comarca Ngäbe, its adjoining areas and communities adjacent to Ngäbe Bugle
same for any person or entity, public or private
domestic or foreign.
Excepted from the above, the exploration, exploitation, and extraction of stone
coarse, gravel and sand made for social benefit of the Shire
Ngäbe Bugle regulated by law
Article 3. Prohibits the alteration of water courses, river and heads of appropriation
private water sources within the Shire Ngäbe Bugle its adjoining areas and
Bugle Ngäbe communities adjacent to same.
For purposes of this Act, is defined as alteration of river channels, the
interruption or significant deviation from the course of a river, which harms
communities Ngäbe Bugle Comarca and adjoining areas.
Article 4. It is a strip of 2.000 meters from the seashore to the ground
firm and the island Escudo de Veraguas, for the development of tourism, in
the area communities, organized groups or individuals Ngäbe-Bugle people
able to develop tourism activities of local, regional or municipal as
the case.
Article 5. Cancel all concessions and existing businesses
domestic or foreign, for exploration and exploitation of mineral resources and
for the construction of hydroelectric projects in the Shire Ngäbe-Bugle
territories and communities annexed areas Ngäbe-Bugle, outside the Shire and
immediately stop all work being carried out such companies.
Article 6. The violation of the provisions of this Act, shall be punished
fine of ten thousand (B /. 10,000.00) one hundred thousand dollars (B /. 100,000.00), imposed by the
Ministry of Trade and Industry and entered in favor of the municipalities
it, without prejudice to civil claims for breach of
the norm.
Article 7. This law is of social interest and have a retroactive effect on the areas
defined in the article.
Article 8. This Act applies especially in the Shire Ngäbe-Bugle, the areas
adjoining defined according to Law 10 of 1997 and the Charter of the Shire
Ngäbe-Bugle, and takes precedence over any rules contained in laws
republic governing this matter and to the contrary.
Article 9. This law comes into force after its promulgation.
CONTACT AND ENFORCED
Hot- hot :
If Members are not going to accept this agreement, in the region are prepared to not allow any mining by any government," Roger said yesterday Montezuma, president of the Coordinating Committee for the Protection of Natural Resources and the Right of the People Ngäbe Bugle and Peasants.
Montezuma yesterday reacted to the presentation in the Assembly of the "For which establishes a special regime for the protection of mineral, water and environmental issues in the region Ngäbe Bugle."
"We are prepared to go to the end, if possible. We are organizing ourselves to come to Panama and defend these proposals, "said Montezuma.
The ruling refers to items that were agreed at the ad hoc committee with members after the repeal of Act 8 of 2011, prohibiting mining in the region. As that included this: "It prohibits the granting of concessions for the exploration, exploitation, extraction and metal mining, non-metallic and its derivatives in the region Ngäbe Bugle its adjoining areas and communities adjacent to Ngäbe Bugle same, by any person or entity, public or private, domestic or foreign, "says Article 2 of the project.
Meanwhile, the environmental activist said Alida Spadafora would be good to review some items that were not agreed with the ad hoc committee of the Assembly, but stressed that they were approved by both parties must be respected.
Meanwhile, Hector Lopez, leader of the Association for the Rights and Social Development of the People Ngäbe Bugle, a group that is partly under mining development in the region, stated that they were not considered for this project so do not rule out that his group is transferred to the Assembly to hear what they have to say on the subject.
This group protested last week in Chiriqui, in which riot police intervened manifestation of the National Police to counter the strike of the plaintiffs. The group demands that it hand over, by law, 50% of the Cerro Colorado mining.
Meanwhile, Minister of Trade and Industry, Roberto Henríquez said that the Executive will not be presented to the Assembly any project on the mining issue, but invited any group that wants to submit changes to fill the legal void that was left after the repeal of Act 8, to do so.
The minister said items were removed which allowed the fines, the collection of royalties, royalties and fees in cases of mining operations and now has a gap in the law. As a result, there are 64 reports of illegal logging and Mici can not do anything about it.
He said that until they fill the void created with the repeal of Act 8, illegal mining will con
But you saw them marching on the road a few days ago.. asking for participation in mining. They got taste of electricity , airconditioner and I-pad. Those who were blocking roads last February were paid by environs. I think Indians are getting smart and see where the Real Money are.
Enviros are razing head again , but this time Indians on our side:
Environmentalists say the project to reform the Code of Mineral Resources presented on Wednesday for the congressman Jorge Ruben Rosas before the Assembly does not resolve the mining situation in the country.
Raisa Banfield, of Panama Sustainable says it is "stumbling over the same stone," because they want to approve a project that lacks studies and scientific analysis.
Banfield said that "has reached consensus with the group of people" that made more noise "due to the passage of the controversial Act 8 of 2011 (which led to its subsequent repeal) does not imply being resolving the impact of mining. "
The Coordinating Committee for the Protection of Natural Resources and the Right of the People and Peasants Bugle Ngäbe led protests against the law last February 8.
The leader considers the need for a new mining law, but contends that it should be the product of research and analysis of socio-environmental and economic consequences.
Banfield said and warned him in the discussion of the repealed Act 8, the Assembly is not the political space for technical and scientific discussion of this topic.
Felix Wing, Center for Environmental Advocacy (CIAM), coincided with Banfield in which the Assembly is not adequate space to hold a technical discussion of the amendment to the Code of Mineral Resources, but went further. Wing said the best option to start a technical discussion is to cancel all concessions and declare a moratorium on mining in the country.
According to Wing, there is no point in the middle of the discussion of reforms hydroelectric concessions are granted and will not slow down the already approved. That, he says, is absurd because these concessions are causing serious harm to both indigenous and peasant communities.
He believed that the moratorium should be up when you reach a consensus on a new mining law. "That's the democratic process to be followed ... The problem is that the government is legislating, thinking he has a mandate won in the 2009 elections, but the truth is that this mandate is to govern the country for the benefit of the majority, taking into account the minority, "said Wing.
For its part, Alida Spadafora, director of the National Association for the Conservation of Nature (Ancona), said in the bill introduced in the Assembly are many articles in which no consensus was reached with the indigenous groups that participated in the discussion .
Spadafora said that against this background there are fears that clashes may arise similar to those occurring with the repealed Act 8. "It would be regrettable if the agreements are not respected," he said.
Natalia Young, former Director of Environmental Quality National Environmental Authority (ANAM), said that what matters in these new reforms is to consider the contributions they can make different sectors of society.
Item of interest :
A years long battle over the fate of 10 rare double eagle gold coins may have reached a climax as a Philadelphia jury this week backed the decision of the U.S. Government to confiscate the coins from the family of a deceased jeweler.
The government successfully convinced the jury that, more than 70 years ago, gold dealer and jeweler Israel Switt should have not have got his hands on the gold coins that were to never be circulated.
The Secret Service believes Switt worked a shady deal with an U.S. Mint cashier to acquire the coins, which now are being held at Fort Knox. However, an attorney for Switt's survivors says the coins could have been legally obtained during a window of opportunity in March and April 1933.
Despite the jury verdict this week, the case remains subject to further proceedings in which a federal judge may decide the ultimate ownership of the coins.
A total of 13 coins are the sole survivors of a run of 445,000 double eagle $20 gold coins minted in 1933. On April 5, 1933 President Franklin Roosevelt issued a presidential executive order, which forbade the hoarding of gold coin, gold bullion and gold certificates within the continental United States by individuals, partnerships, associations and corporations.
Two of the coins were deliberately set aside in 1933 and are housed in the Smithsonian. Another coin owned by dealer Stephen Fenton was the subject of a lengthy court battle to allow it to be sold at auction for $7.59 million in 2002 after Fenton agreed to split the proceeds with the U.S. Mint.
In a federal court trial this week, Switt's heirs, daughter Joan Langboard and her sons, argued the coins were their property and they wanted them back. The family told the government about the coins in 2004 after the family found them in a safe deposit box in 2003. They had hoped the U.S. Treasury Department would authenticate them.
The government seized them, arguing a regulation allow it to grab property that "is travelable to any offense constituting specified unlawful activity."
The coins are now believed to be worth more than $75 million.
Good for Panama= good for us :
The agency 'rating' Standard & Poor's (S & P) upgraded yesterday the rating outlook Panamanian 'stable' to 'positive', so that the next move would be an improvement in the country's rating, currently at BBB- The first level in the investment grade.
S & P said in its report that economic growth is still better than expected, "and we will remain strong in the medium term."
Continued economic growth, with moderate fiscal deficits, it would reduce the burden of government debt.
For the rating, the upgrade would come if the government's investment plan is successful without accelerating deficits, and further development of local capital market.
By contrast, policies that undermine the confidence of investors or endanger the Canal expansion could reduce the prospects of development. Slower growth, coupled with a deficit higher than expected, could lead to a downgrade, S & P concludes
Agree. I am sure PTQ management had good lawyers on all continents to investigate this issue ( if it ever even was one) . No one will be spending millions just to be stuck in courts.
We pass that , we are ready to embrace Iberian, sit in the circle and sing kum-bala.
Claim ? Anyone can claim anything. I agree with Loj :
Indian comes to my house and claims that my house sits on his ancestral land they used to owe for hundreds years. He is taking me to court… do you really think I am going to lose my house ?
Let’s talk about something else… Quarterly , production, rumors ;o)
I am sure ,in the next few days you are going to get a proxy or some kind of voting circular explaining all details and number of shares, etc.
But I also like how crdy from SH puts it :
"What a convenient date and a nice little open end that is always included: "and to transact such other business as may properly come before the Meeting or any adjournment thereof."
Let's keep it simple. July 27, 2011 retroactive date for PDI participation as well as Iberian vote.
August 31, 2011 great day for a meeting coincides with release of audited Q4 and FY 2011 results.
August 31, 2011 great day to disclose Q1 FY 2012 production results.
Should be quite a meeting...I wonder if they will have Stilton, and Brie???
Folk's, I hate to break it to you, but if you are not on board by July 27th you will have definitely missed the train and
you don't really have a clue yet just where it is going!!!
We just have to OK Iberian deal that's all. Regardless , they have enough votes to do it themselves. Of couse most of us will vote for it also, unless you are holder of Cambridge, LOL
Yes, end of August. Then give me good Q, news, rumors all you want - next thing you know- we are $2 stock... and warrants talk begins = perfect plan.
" going higher" is fine with me, two or three cents a day...
No gapping till September or late August, makes perfect logic to me and at the end of the day - that's what really matters .
So now you calling people who disagree with you - bipolar. You have no idea how many shares I have, and if I want to buy more - it is my prerogative, maybe I want to catch Manta's 796000 sh.
Obviously you don't understand difference between lower and low . .
I will repeat one more time for you:
I want all good news to come out in September hopefully to get better punch for SP. In mean time I prefer to stay under radar. This is a public forum and I am entitle to my wish as much as you entitle to have Christmas in July.
The bill established a special regime for laprotección of mineral, water and environmental laComarca Ngäbe-Bugle, was presented Tuesday to the full Legislature Porel deputy, Jorge Alberto Rosas.
Rosas said the initiative is the product of hard trabajodesarrollado by the Ad-Hoc Committee, established by the National Assembly, which met ten times during the months of March, April and mayodel this year with the Coalition for the Defense by DerechosNaturales of people Ngäbe-Bugle and Peasants of the region acting enrepresentación indigenous.
The Ad-Hoc Committee met in order to produce a consensus documentode glad the policies that the State must apply encoordinación with district authorities to develop laactividad mining, water and environment in the region.
"In fact, this project proposes to Queno restores a special law, modify or add rules to the Mining Code, but queestablece the law will be applicable to the region Ngäbe-Bugle, for this reason is a breakthrough that will allow the state activity promote it mining and develop water and environmental projects, provided they have the blessing of autoridadescomarcales duly authorized to do so, "said Rep. Roses.
He said: "The initiative is a testimony delcompromiso and goodwill of the native peoples toward thetrack as well as the development of its institutions, estamosagradecidos for the opportunity we were given to find peaceful unasolución our differences and recognize good fedemostrada by the National Assembly during the mediation. "
Gold $ 2000 ?!
"If the current bull run in Gold and Silver would continue, gold can reach $2000, and silver can cross $50, James Turk, an analyst, was quoted by King World News (KWN) as saying.
His logic is that if gold and silver prices rule above $1600 and $40, it is highly likely that investors short on gold may opt for a stop-loss measure and do some short-covering. They too may opt for long positions. This is deemed to drive the precious metals up. If that be the case, a monster rally is in the offing!
Beacon Equity Research reported Turk as speaking:
“I wouldn’t be surprised to see $2,000 (gold) very quickly,” Turk speculated in his KWN interview. “It’s just a question of how the European bank crisis unfolds or the U.S. debt limit unfolds or any one of these number of trouble spots around the world unfolds. Any one of those could light a fire under the gold market and you could see $2,000 very, very quickly. You could also see Silver over $50 very quickly.”
...
Jal, you forget to add couple zeros to your estimate of shares I am buying. Secondly, I don't want SP stay low forever, if you read my posts accurately - I want it to take -off in the Fall when all juniors supposed to go up, that is pure my feeling. Thirdly , I did not attack you personally, I am aloud to my opinion same way as you to yours .
And last if you want to take a fight with my Buddy - you well aware that he posts regularly on SH and always welcome to discuss any subject with you.
Where is Lo when you need him?
Lo, how about using your logical analyses to give us all possible reasons- why someone would keep SP below $.70
Anyone ?