Petaquilla Minerals Ltd. (fka PTQMF)

[Chileanmafia]

Exactly - politically speaking the focus in Panama right now is Martinelli's re-election plans - he is working very hard to push through legislation in the assembly that will help him in his plans to be re-elected - remember too that he also holds the power to appoint 5 more supreme court justices giving him power to change the constitution.

It is interesting though how Juan Carlos Varela and the boys are trying to co-mingle the mining law in this mix - the problem we face is the level of foreign govt ownership in the new law - remember that Law 8 wanted it wide open on this front and the govt wanted to push Cerro Colorado - then all hell broke loose - which indirectly affected PTQ's SP. Foreign govt ownership of natural resources is not popular in Panama....

I suspect that Juan Carlos just wants to slow down the big-guy with his plans for changes to the way the President is elected - so the mining stuff will slow this down a little while his party re-groups...

One other guy to watch is Juan Carlos Navarro - he is somewhat anti-mining and is the leading presidential candidate for Panama's largest political party - the PRD

There is never a dull moment in Panama...