Petaquilla Minerals Ltd. (fka PTQMF)

[JustForFun7]

nice little argument. Inmet's offer underpins the PP. They would be required by law to take over the debt. Unfortunately that argument breaks down right away since Inmet has already made "no PP" a condition precedent for the offer. If there is a PP then no valid offer exists.

Simple thing would be for PTQ to get the PP put in place. That would instantly kill the hostile takeover offer that is coming.

So what's taking the PP so long? It's been over 2 months. I wonder if PTQ announced the PP as a defense to the hostile takeover offer that they saw coming from Inmet. Certainly the timeline is about right. Supposedly six month ago was when Inmet knew that PTQ was not going to play ball and ran to the President to intervene. Maybe that is when Inmet started thinking hostile takeover.

Pressure is on PTQ to get that PP in place before the offer is made to the shareholders. Who knows, maybe some of those big shareholders that participated in the dollar PP are disgruntled with Fifer's handling of the company and their investment dollars. They may just want to roll their investment over into Inmet if they feel their investment would be be better manged over there.

JFF7