What either side is saying publicly means little. Petaquilla has advanced beyond DD with at least two interested parties. They have term sheets from at least one that I am sure. Petquilla is not interested in short term movement of the share price this week, and neither are most long term investors.
They will do the deal when it best suits Petaquilla, and after today they are relieved of the constrictions placed on them by the BCSC which you must be aware of through reading the rulings on file at the BCSC.
There may be short sell off of traders trying to jump in and make a quick buck. If the stock does drop appreciablely for a short time it will be what Jal demonizes as a "great buying opportunity!" and nothing more. LOTS OF GOOD FUNDAMENTAL NEWS IN THE PIPELINE BEFORE JANUARY 15TH.
Inmet should be buying and holding Petaquilla stock on the open market over the next few days. It will do much better than theirs over the next couple of years!! LOL!!
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