yes most of what is going on in the public is simply posturing by each side to negotiate a better deal.
If PTQ truly isn't for sale, why not just put in place the new debt deal. That would kill Inmet's offer outright. It's been three months since they announced it which means it been much longer than that since they have been thinking about it and trying to put it together. It's possible it is just posturing. Panama is behind PTQ and the courts / boadrs / enforcement authorities are turning up the heat.
A deal has to be made for Inmet to have use of PTQ's land to some extent or other. Inmet knows it and PTQ knows it. Inmet's project cannot be allowed to fail or be delayed. A deal will be hammered out eventually. The longer time goes by, the more pressure on both parties to make a deal happen. Inmet holds the weak hand so the offers will only get better (either cash, % of the action, or out right purchase).
Although it's nice to sit back and speculate, there is really no move for the shareholder here other than sit back and wait.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
