I agree with everything you have said except the part about Panama needing money. This week the Panama Canal became the largest port in the world passing Shanghai and Suez. Thanks to banking, tourism, free trade, and canal revenue they are awash in money. When the new canal expansion is finished they will surpass USA in GDP per person. The developed parts of the country are already world class, skyscrapers,freeways, malls, hotels, etc.
However, since 70% is uninhabited, there will be great need for more infrastructure. Enter PQI. That is still where the best long term value lies. Martinelli is extremely pro-business, and with the US Supreme Court ruling 5-2 against Noriega yesterday, Panama will be very stable.
The rumor was that the previous government wanted and was arranging some side payment to grant the concessions and go ahead for production. Martinelli would have none of that so they cleaned house and he gave them the OK. This of course is just a rumor.
My shares are just not for sale until after the spin-off, and then I would want about $4.00/share. It is always darkest before that golden dawn!! While not around here or PTQ very long...my family came to Panama in 1541. The future looks better here than ever before. China runs the canal, USA protects the country, Germany builds the freeways, and Taiwan builds the bridges and buys the planes. You guys should look at other investments there.
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