Good job Redflame, you do your homework.
Two points I would make.
(1) It is interesting that PRD and the Torrijos Administration granted 27 concession for the development of the hydroelectric projects, yet paid for and led the indigenous demonstrations against hydroelectric power construction that CD moved forward. Same can be said about Petaquilla concessions. All of the elite families have ties and interests in development in Panama. The rest of the noise is "Politicaria", or just political BS.
(2) It is absolutely impossible to learn in Panama just who owns what due to the complexity of foundation law and off shore companies. Several years ago the then acting IR person for PTQ, 'Janet' sent an e-mail that was posted, after an inquiry about out stockholders, explaining that it is impossible to know who owns the stock and how much they actual have. I think that all in all there are about 60,000,000 shares in Panamanian hands, but that is a guess. All the holders that I know are extremely pro-PTQ and leery of Inmet.
As far as I know, not one member of management or the BOD recommends that we sell the company. The potential is just too
great to make some very serious money over the next few years. It would take a very, very large commitment from Inmet to pry loose enough shares to take control. Significant investors are not that short sighted. The quick end would be the closing of the $210M PP. definitely there will be some news by the end of next week.
AI
